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define the difference between cycle counting and physical
inventory?
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Answer Posted / anuj tyagu
(1)Cycle counting is the periodic counting of individual
items throughout the course of the year toensure the
accuracy of item.
Physical Inv. counts all the inventory once a year Physical
Inv. takes a snapshot of inv.'s on-hand quantity at the
begining of th e process. All adjust ments are made against
snapshot quantity.
(2)In cycle counting fewer items are counted each day so
less disruption to normal production or distribution
In PI all items are conted once a year so alot of
disruption
(3)In CC you need to use a miscellenious transaction to
report 'found material.
In PI unique tag generation is done for recording counts
| Is This Answer Correct ? | 14 Yes | 7 No |
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