Written by: Brook Kole, Inventory Control Manager at PBD Worldwide
If your company has inventory, it is likely (or at least highly recommended) that you are performing annual physical inventory counts, cycle counts or a combination of both. Inventory is often the largest consumer capital for a company, so it is extremely important to have accurate records. With so many different options for reporting inventory count results, it can sometimes be overwhelming and confusing. Let’s break down the different counting and reporting methods and what each of them means.