Exploring Physical Inventory - Cycle Counting (4LU)

Objectives

After completing this lesson, you will be able to:

  • Prepare and execute cycle counting

Introduction

Cycle counting is a special physical inventory procedure where specific materials are physically counted at regular intervals within a fiscal year. The cycle counting procedure is a full physical inventory: all stock management units are counted at least once a year.

The cycle counting starts with the classification of materials.

Assignment of Cycle Counting Indicators

Creation of Physical Inventory Documents

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