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  2. Cycle count - Wikipedia

    en.wikipedia.org/wiki/Cycle_count

    A cycle count is a perpetual inventory auditing procedure, where you follow a regularly repeated sequence of checks on a subset of inventory. Cycle counts contrast with traditional physical inventory in that a traditional physical inventory ceases operations at a facility while all items are counted. Cycle counts are less disruptive to daily ...

  3. Inventory - Wikipedia

    en.wikipedia.org/wiki/Inventory

    Cycle stock: Used in batch processes, cycle stock is the available inventory, excluding buffer stock. De-coupling: Buffer stock held between the machines in a single process which serves as a buffer for the next one allowing smooth flow of work instead of waiting the previous or next machine in the same process.

  4. Physical inventory - Wikipedia

    en.wikipedia.org/wiki/Physical_inventory

    Physical inventory is a process where a business physically counts its entire inventory. A physical inventory may be mandated by financial accounting rules or the tax regulations to place an accurate value on the inventory, or the business may need to count inventory so component parts or raw materials can be restocked. Businesses may use ...

  5. Stock-taking - Wikipedia

    en.wikipedia.org/wiki/Stock-taking

    While they are often used interchangeably, stock and inventory are two different things. Stock is the products sold by a business. Inventory includes all items required to make, store or sell your stock. [1] Stock-taking may be performed as an intensive annual, end of fiscal year, procedure or may be done continuously by means of a cycle count. [2]

  6. Backflush accounting - Wikipedia

    en.wikipedia.org/wiki/Backflush_accounting

    Excess inventory increases obsolescence and consumes precious cash flow and shelf space. Both excess inventory and shortages can indirectly lead to poor quality. A plant cannot cycle-count its way to accurate inventories. Cycle counting is not timely enough to be of benefit. And cycle counts are more likely to introduce errors than to correct them.

  7. Material requirements planning - Wikipedia

    en.wikipedia.org/wiki/Material_requirements_planning

    Cycle count – The best practice is to determine why a cycle count that increases or decreases inventory has occurred. Find the root cause and correct the problem from occurring again. Scrap reporting – This can be the most difficult area to maintain with any integrity.

  8. Inventory control - Wikipedia

    en.wikipedia.org/wiki/Inventory_control

    Inventory management is a broader term pertaining to the regulation of all inventory aspects, from what is already present in the warehouse to how the inventory arrived and where the product's final destination will be. [2] This management involves tracking field inventory throughout the supply chain, from sourcing to order fulfilment.

  9. Inventory optimization - Wikipedia

    en.wikipedia.org/wiki/Inventory_optimization

    Inventory optimization refers to the techniques used by businesses to improve their oversight, control and management of inventory size and location across their extended supply network. [1] It has been observed within operations research that "every company has the challenge of matching its supply volume to customer demand.