What is Inventory Cycle Count?
What is an Inventory Cycle Count? An inventory cycle count is defined as a systematic process of auditing a sample of stock at preplanned intervals to ensure current inventory accuracy. Compared with full counts, cycle counting in inventory management is focused on smaller portions, thereby reducing disruptions. This method also helps compare finished goods inventory […]
What is Raw Material Inventory?
What is the Raw Materials Inventory? The cost of components and supplies that have not yet been produced is called raw material inventory. This includes direct materials, which enter into finished goods inventory directly, and indirect materials, which support production processes. To ensure accurate order management and material requirement planning in manufacturing, it is important […]
