This chapter contains these topics:
To understand the methods for keeping accurate inventory
Accurate inventories help you:
Reduce backorders
Reduce dollars invested in inventory
Reduce downtime attributed to stock outages
Increase on-time deliveries
Complete the following tasks:
Process a cycle count
Process a tag count
You can use both cycle and tag counts to satisfy a variety of needs. Both help you to reconcile your online inventory records and physical inventory.
A cycle count is the item-based method of counting. Using the cycle count process, you select items to be counted at various intervals throughout the year.
A tag count is the location-based method of counting. It is designed for an end-of-year, wall-to-wall physical inventory.