Cycle counting
i) is a process by which inventory records are verified once a year
ii) provides a measure of inventory accuracy
iii) provides a measure of inventory turnover
iv) assumes that all inventory records must be verified with the same frequency.
check this links maybe help you
http://www.remassoc.com/portals/0/remwpicc.pdf
http://www.strategosinc.com/admin/buy/cc/CC_Guide02_sample.pdf
http://help.rigaku.com/ITDocLib.nsf/vwWDocumentsByCategory/3735AA4C5782090786257328005785EB/$file/v3_cycle&pi.pdf
http://www.distributiongroup.com/articles/DCM060112webextraB.pdf
Dear Sen
please follow the links
Article Optimal inventory cycle counting
https://blog.vendhq.com/post/64901827909/physical-counts-of-inventory-procedure
https://pdfs.semanticscholar.org/f553/d37cf691d662f3d12e351703373364ac4394.pdf
http://www.remassoc.com/portals/0/remwpicc.pdf
Dear Sen
As per your given options, option no: 1 is the closest. But inventory cycle counting consists some other aspects too. On the other hand, if an organization is not sure about the accuracy of it's inventory then they can go for inventory cycle counting.
Dear
Cycle counting of Inventory is using in Industries for some of the other purposes
It for ----- How many time This inventory in the organization , what is consumption resio , what is value impact on the organisation , through this we can reduce
1-: inventory carrying cost .
2-: Inventory testing Cost
3-: and avoid to product manufacturing or supply loss
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