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define the difference between cycle counting and physical
inventory?
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Answer Posted / santosh s. pandey
Cycle Count : Periodic counting of inventory items at
regular intervals
Physical Inventory : Counting is done once / twice a year
Cycle Count : We can schedule the count
Physical Inventory : We cannot schedule this.
Cycle Count : We cannot have a snap shot
Physical Inventory : We can have a snap shot
Cycle Count : We can view the qty in the system
Physical Inventory : We can not view the qty in system
Cycle Count : We cane select the items using ABC analysis.
Physical Inventory : It is done for all the items.
Cycle Count : We need not to freeze inventory transactions.
Physical Inventory : Need to freeze inventory transactions.
Cycle Count : Recount is possible
Physical Inventory : Recount is not possible.
Cycle Count : We can maintain recount history.
Physical Inventory : No recount, hence no history.
Cycle Count : Adjustments can be procesed on approval.
Physical Inventory : Can be done using adjustment concurrent
| Is This Answer Correct ? | 54 Yes | 1 No |
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