oboloo Glossary

Inventory Cycle Counts

oboloo Glossary

Inventory Cycle Counts

Inventory cycle counts are an essential part of effective business operations. They provide a systematic review and verification process to ensure accuracy in your inventory records. Inventory cycle counts involve counting all items in your inventory and comparing it against the quantity recorded in your accounting system. This helps to identify any discrepancies between the two, which can then be corrected or investigated. By regularly conducting cycle counts, you will be able to more easily monitor for changes in inventory levels that may indicate theft, overstocking, or errors in data entry. With regular cycle counts, businesses are better equipped to manage their inventory and make well-informed decisions about their operations.