Posted: February 7th, 2016

Even though a company may have an active campaign to record inventory accuracy, those records need to be verified through a continuing audit.

Even though a company may have an active campaign to record inventory accuracy, those records need to be verified through a continuing audit. Those audits are known as performing a cycle counting of work-in-progress, piece part inventory and finished goods.

Explain how cycle counting audits improve inventory accuracy.

Explain how items need to counted on different time schedules.

Please site at least 1 reference.