is a physical count of items in inventory used to reduce the discrepancies between inventory records and the actual items on hand.

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Jrpetersontpe4254idn Jrpetersontpe4254idn

02-01-2021
Business

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is a physical count of items in inventory used to reduce the discrepancies between inventory records and the actual items on hand.

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Tundexiidn Tundexiidn · Answer 1 · 2021-01-05T19:24:14-05:00

Answer:

Inventory cycle counting

Explanation:

Inventory cycle counting is a physical count of items in inventory used to reduce the discrepancies between inventory records and the actual items on hand.

Cycle counting is an inventory audit process. Under this process, a small part of the inventory is counted on a specific day. The purpose of cycle counting is the verification of inventory accuracy and identify and reduce inventory errors that occurs while recording the inventory.

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