There are several forms of cycle counting that are popular in the warehouses, but most importantly are the basic traits they have in common. For instance, the cyclical nature of the inventory count makes it stand apart from annual inventories. Here are a few of the basics you need to know.
What is Cycle Counting? 4 Basics You Should Know
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The Cycle Counting Process: 4 Success Tips
Cycle counting may sound simple enough to implement, but you'll find that it takes constant vigilance to get great results. There are always a few things you could be doing better. That's why we've put together a list of tips and tricks to help you make the most of your new system.
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Defining Cycle Counting: 3 Types
When you think of cycle counting, you may be confused by the fact that many companies use a variety of methods to perform counts. In general, there are two forms of cycle counting that are widely used, and there is a third, less common, form of cycle counting that is predominantly used for testing and implementation purposes. Here's how you can tell the difference.
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Cycle Counting: Periodic Versus Perpetual
When it comes to inventory counting, there is a lot of vocabulary to learn. You may have heard the terms "perpetual" and "periodic" being used in reference to your count. In the past, an annual physical inventory was considered to be a periodic inventory because the inventory was only counted once per counting period. Cycle counting is considered perpetual because updates happen on a continual basis. However, even within cycle counting, your inventory may be periodic or perpetual. Here's how:
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3 Reasons to Choose Cycle Counts Over Physical Counts
There are several reasons that cycle counting is better than performing physical inventory counts. Unfortunately, many people dread inventory so much that the idea of being locked in perpetual inventory counting mode is scary. Here are a few reasons that you should stop fearing cycle counting and start thinking about how it will help you.
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Can Software Improve Cycle Counting?
We've talked extensively about using your warehouse management system to implement a cycle counting program for your warehouse. One thing we haven't discussed is how different warehouse management programs can affect the quality of your cycle counting results. Not all systems are the same. In truth, there are several features that may make one better for cycle counting than another.
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Choosing a Cycle Counting Method
When it comes to implementing a cycle counting program, you will achieve the greatest results when you choose the best method for your needs. There are several sampling methods available for your warehouse. Despite their differences, they still share all of the benefits that make cycle counting useful in the first place. So how should you go about evaluating the various methods for your warehouse?
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Benefits of the ABC Method in Cycle Counting
You may have heard about one part of the cycle counting system known as the ABCs. While the ABC classification method is not the only cycle counting strategy around, it is definitely one of the most widely used systems thanks to its simplicity and application.
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3 Ways Cycle Counting Improves Accuracy
When it comes to cycle counting, accuracy is the single most important factor. However, accuracy is not only an integral part of the process, it is also a byproduct of the system itself. The more you count, the more accurate your counts will be. Here are the three areas where you will see major improvements in accuracy with the help of cycle counting.
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6 Best Practices for Cycle Counting Procedures
Cycle counting is becoming ubiquitous in warehouses around the world, but there are still steps you can take to stay ahead of your competitors and make your process more efficient. These six cycle counting best practices will help you see great returns with a faster, more accurate count.
Topics: Cycle Counting