Stock-Takes and Cycle Counting

Stock-taking is the process of physically counting inventory to ensure that the quantities in your ERP system match the actual stock on hand. Cycle counting is a method of stock-take where different sections of inventory are counted on a rotating basis to avoid disrupting operations.

Why Stock-Takes are Important:

• Ensures accuracy in financial reporting.

• Helps identify and resolve discrepancies early.

• Prevents stockouts or overstock situations.