oboloo

oboloo Glossary

Cycle Count Inventory Process

oboloo Glossary

Cycle Count Inventory Process

Cycle Count Inventory Process is a systematic method for verifying the accuracy of inventory records by counting a subset of items in the warehouse. This procedure allows for frequent checks on each item and its quantity, keeping inventory at an exact count. The process works by breaking down products into groups based on a predetermined plan, and then counting the items in each group over a period of time. By using cycle counts, businesses can maintain accurate inventory levels more quickly and efficiently than with conventional physical stocktake methods. Ultimately, this method helps to reduce costs associated with discrepancies and unnecessary overages while improving customer service levels.

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971