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

Related Videos




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

Have a question about cycle count? Ask for help in the
Community
advertise here

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