Cycle counting is a sampling technique for inventory where a small number of items inside the warehouse are counted to determine the accuracy of entire inventory records. This method is used to replace physical counting of the stock as it isn’t feasible to count every item present in the storage facility and look for any discrepancies in records on a weekly/monthly basis. The cycle counting in the inventory management module from PL Solutions’ warehouse management system allows you to confirm the available stock quickly and use this information for operations.
As your business grows, keeping a tab of inventory becomes time-consuming and complicated. This affects your organization at multiple levels, such as making it tough to calculate Economic Order Quantity (EOQ,) maintaining buffer stock, taking sales decisions, and budgeting. Our WMS solution helps you make swift yet well-informed decisions using the cycle counting module.