What is the goal of Cycle Counting in inventory management?

The goal of Cycle Counting in inventory management is to maintain inventory accuracy through regular counts. This practice involves periodically counting a portion of the inventory throughout the year rather than conducting a full inventory count at one time. By implementing Cycle Counting, organizations can identify discrepancies between recorded and actual inventory levels quickly, which helps to ensure that the records are accurate and up to date. This process contributes to more effective inventory management, ultimately leading to better decision-making, improved customer service, and reduced costs associated with inventory mismanagement. Regular counting helps to catch errors early and allows for adjustments to be made, thus sustaining the integrity of the inventory system over time.