Inventory Results & What They Mean

Posted by Jeanna Courter on Mar 11, 2015 2:53:09 PM

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.

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Topics: Fulfillment Services, 3PL, Fulfillment Center, Inventory Management, Inventory Cycle Count, Annual Inventory Count

Cycle Count vs. Annual Physical Count - Which one is right for you?

Posted by Jeanna Courter on Jul 3, 2013 10:47:00 AM

If your organization maintains inventory, Generally Accepted Accounting Principles (GAAP) and IRS rules require you to either count your complete inventory on an annual basis or implement a perpetual counting system. So, which counting system is right for your organization? Arriving at a consensus on the method of inventory management in your distribution model is not a simple process. Below we will discuss two methods for inventory counting and how to decide which one is right for you.  

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Topics: Fulfillment Services, Distribution Center, Fulfillment Companies, Inventory Management, Product Fulfillment Services, Inventory Cycle Count, Annual Inventory Count, Physical Inventory, Perpetual Inventory

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