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Cycle Counting & Inventory Record accuracy There s More To Cycle Counting Than Counting Strategos, Inc. 3916 Wyandotte Kansas City, MO 64111 816-931-1414 CONS UL T ANT S E NGI NE E RS ST RAT E GI ST S.. 2 Cycle Counting & Inventory Record accuracy There s More To Cycle Counting Than Counting Inventory accuracy What Is Inventory Record accuracy ? Inventory Record accuracy (IRA) is a measure of how closely official Inventory records match the physical Inventory . Many managers equate IRA with Cycle Counting , but there is a lot more to Inventory accuracy than just Counting . The units of measurement for accuracy are either dollar based or count based. These two bases have different purposes and may give widely differing results. Accountants and financial auditors prefer dollar-based measurements.
Cycle Counting & Inventory Record Accuracy There’s More To Cycle Counting Than Counting Strategos, Inc. 3916 Wyandotte Kansas City, MO 64111
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