Once you're in the habit of continuously cycle counting, you'll probably never have to do a full physical inventory again.
Ever wonder how a large, big box retailer keeps their inventory straight. If you're like many small retailers, taking a full physical inventory can be a painful process. How does a retailer on a much larger scale do it?
They cycle count. And cycle count. And cycle count.
In fact, they almost never shut down for a full physical inventory. It's simply too expensive to be closed for even a day. Instead, they are always cycle counting, always counting something.
What exactly is cycle counting? It is the process of continually validating the accuracy of the inventory in your system by regularly counting a portion of your inventory, on a daily or weekly basis, so that every item in your inventory is counted at least several times a year.
The benefits of continuously cycle counting are numerous:
Here are a few additional thoughts to keep in mind as you're implementing your cycle count program:
The hardest part of cycle counting is getting started. But once you get rolling, well, you'll find you're rolling! And the payoff? Not only will your inventory be much more accurate, once you're in the habit of continuously cycle counting, you'll probably never have to do a full "close the doors and stop everything" physical inventory again. Imagine that!