Inventory Control Manager Question:
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Tell me what is Cycle Count?
Answer:
A cycle count is an inventory auditing procedure, which falls under inventory management, where a small subset of inventory, in a specific location, is counted on a specified day. Cycle counts contrast with traditional physical inventory in that a full physical inventory may stop operation at a facility while all items are counted at one time.
It helps to see the difference between Actual stock and Book Stock. Book Stock is the stock available in the system.
It helps to see the difference between Actual stock and Book Stock. Book Stock is the stock available in the system.
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