Here are the largest benefits to implementing cycle counts in your business:
1. Limit the amount of disruption within your warehouse.
Keep cycle counts as a part of your weekly routine to prevent major disruptions to your warehouse. Often times, when businesses conduct full-day annual inventory counts, the entire warehouse must be paused in order to finish the job. With cycle counting, you will evaluate inventory accuracy on an ongoing basis, allowing for minimal disruption and continuous communication among your team.
2. Increase confidence in buying decisions.
When you implement ongoing cycle counts, you’re forced to continuously assess your inventory. By having smaller check-ins, focusing on a subset of inventory, your buying decisions are more informed and targeted. You’re able to avoid stock-outs ahead of time and create a better report for buyers on your team.
3. Lessen discrepancies.
By shortening the amount of time between counts, you are decreasing the amount of time an error could have been made. If you account for inventory incorrectly, waiting several months may cause a large issue with your customers and your business as a whole. Catch mistakes faster by these smaller, ongoing counts
4. Maintain focus and keep inventory as a priority.
Inventory can often be the most frustrating part of owning a product-based business. Implementing smaller cycle counts allows your entire operations team to see your stock accuracy as a vital part of your business, allowing them to feel more confident about the business decisions you’re making. It will also decrease the amount of stress it causes, allowing for it to be accomplished with minimal haste