cycle count

  

Definition

Periodic inventory system audit-practice in which different portions of an inventory are counted or physically checked on a continuous schedule. Each portion is counted at a definite, preset frequency to ensure counting of each item at least once in an accounting period (usually an year). Fast-moving or more expensive items are counted more often than slower moving or less expensive ones, and certain items are counted every day. Also called cycle inventory.

Use cycle count in a sentence

  • You need to understand how the cycle count will affect your product and adapt to how the customers perceive it.

    3 people found this helpful    
  • Once in a great while we did a cycle count which was essential, but it took a really long time and was very boring.

    8 people found this helpful    
  • You should try to follow the cycle count and stay close to it so that you will know you are proceeding in the correct way.

    2 people found this helpful    
Show more usage examples...

Related Videos




http://www.businessdictionary.com/definition/cycle-count.html

Have a question about cycle count? Ask for help in the
Community
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z