Advantages of using the cycle counting process

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Explanation about Cycle Counting

Problem- Even though a company may have an active campaign to record inventory accuracy, those records need to be verified through a continuing audit. Those audits are known as performing a cycle counting of work-in-progress, piece part inventory and finished goods.

Part 1- Explain how cycle counting audits improve inventory accuracy.

Part 2- Explain how items need to counted on different time schedules.

I need help to describe the advantages of using the cycle counting process and also discuss what cycle counting is and describes how companies may utilize it.

Reference no: EM13709475

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