If taking inventory of your small-medium sized company seems like a pain, then can you imagine how large companies do it? Since it’s often too expensive to shut down for even a day, large companies cycle count to keep track of their inventory.
Basically, cycle counting is constantly validating the accuracy of the inventory in a system by regularly counting a portion of the inventory on a regular basis so that ever item in the inventory is counted at lease several times a year.
In contrast to traditional physical inventory counts, cycle counting does not stop a facility’s operations and provides an ongoing measure of inventory accuracy. With cycle counting, companies can enjoy:
- Confidence in an accurate inventory count
- Operational efficiency
- Less inventory write-offs
In order to perform accurate cycle counts, many organizations use software in order to implement an inventory control system, often a part of a warehouse management system. This could include mobile computers with integrated barcode scanners, allowing workers to automatically identify items, and enter inventory counts via keypad. From there, the software transmits data to the host database system, which can easily generate inventory reports.
If you’re interested in the tools needed to begin cycle counting your inventory, you can learn more here.
Tags:
accurate inventory counting, barcode scanners, cycle counting, doing inventory, easy way to keep track of industry, increase operational efficiency, inventory write-offs, inventoty tracking, lower cost of operations, mobile computers, Warehouse Management, Warehouse Management Software, WMS
