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Cycle count
An inventory verification method that uses periodic, scheduled counts of inventory and associated locations to determine accuracy. Count schemes may be designed based on usage volume, all parts in specific warehouse rows, or other methods and normally involve the use of trained count personnel. In addition to verifying on-hand quantities, cycle count programmes are designed to help uncover the reason for inventory inaccuracies, which is usually not possible with the traditional yearly physical inventory.
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- Part of Speech: noun
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- Industry/Domain: Software
- Category: Supply chain
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