Cycle Count: Purpose, Accuracy, Audit Requirements, Tolerances - Don Lindsey

Learn from Don Lindsey about the Cycle Count Process - What it is and why it's important.
What is the Purpose? Advantages. When to do it? Friequency, number of people required. Accuracy, Auditor's requirement, Tolerances, Correction of Errors, Sources of errors, ABC Classification & Analysis, Cycle Count Cut-off control and more.

More information:
Physical Inventory    • Physical Inventory: Purpose, How-to, ...  
http://www.32soft.com/edu-32/

0:00 Introduction
2:11 PHYSICAL INVENTORY GOALS
3:16 ABC CLASSIFICATION - DEFINITION
3:42 STEPS TO DEVELOP ABC ANALYSIS
4:06 EXAMPLE OF ABC ANALYSIS Unit Usage X Unit Cost - Annual $ Usage
4:23 EXAMPLE OF ABC ANALYSIS (CONTINUED)
5:15 ALWAYS BE PREPARED FOR A PHYSICAL INVENTORY
6:06 QAD-CYCLE COUNT PROCESS
6:49 COUNT FREQUENCY CALCULATION
7:26 CUT-OFF CONTROL
8:10 WHEN TO CYCLE COUNT
8:43 HANG TAG
9:36 CYCLE COUNT TOLERANCES
9:55 CYCLE COUNT TOLERANCE (EXAMPLE)
10:51 RECOUNT TICKET
11:16 CYCLE COUNT VERIFICATION AND AUDIT STEPS
11:51 TYPICAL SOURCES OF ERROR
12:30 CYCLE COUNT RECONCILIATION CHECKLIST
13:41 CYCLE COUNT ACCURACY PROBLEM - ANSWER