What is Cycle Counting and why is it beneficial for retail store management | Ginesys
Summary
Cycle Counting - The Boon To Check Your Inventory Mismatches The stock is just vanishing ……..the store manager is clueless………….the profits are disappearing down the drain! It may be wise to have two independent counting for the same set of products, to make a comparative study and ensure reliability. Automating the cycle count by scanning the barcode of the item directly into the system ensures greater accuracy for the numbers. The benefits like stock accuracy, pilferage prevention and showroom or warehouse efficiency can only be achieved by going through the cycle counting process regularly. Just to make it clearer - • More reliable financial reporting and conversion-cycle key performance indicators (KPIs); and • More accurate decisions regarding out-of-stock inventory, reorder points, and excess uncleared stock.
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