What is cycle counting, anyway?
Cycle counting is a perpetual form of inventory auditing procedure, wherein a certain, smaller subset of your inventory is audited in a specified location on a specified day. This happens continuously - dependent upon the amount of inventory you have in stock, this process of counting a bit each day could take anywhere from a week to several months. Contrast this to a physical count: an exhaustive, annual audit of all physical items of inventory in a facility, counted one at a time; this halts all production, unlike a cycle count which can be performed as a daily task. The purpose of a cycle count is to account for discrepancies between the quantities you should have (and in eCommerce, these are the quantities available for purchase on your online marketplaces) and the quantities that are actually physically present in your warehouse. In order to maximize the value of the audit and minimize the pain of the physical count, we recommend performing at least four full cycle counts per year.
How does SkuVault help with the cycle counting process?
SkuVault's auditing feature allows you to add or remove products from a location, as well as to bulk move products from one location to another, print all products in a location, and perform a complete recount of all products in a location, wherein you simply scan over the existing items, replacing them with the new SKUs. After a recount, SkuVault generates an audit report, which shows the discrepancies between what you ought to have in stock versus what you actually have in stock - and paired with our transactions reports and user tracking, it's simple to see what went wrong, and who's responsible. Keeping organized and maintaining an accurate inventory go a long way toward helping with cycle counts (among other things!) - and that's what inventory management solutions are all about.
Benefits of using SkuVault for cycle counting.
With SkuVault, we've made cycle counting with locations so easy that you'll be able to achieve our recommended four cycle counts per year, no problem. Increased cycle counts means fewer physical counts, which means fewer man hours and more sales. Messy inventory is inaccurate inventory, and inaccurate inventory leads to oversells, undersells, and stock lying around your warehouse not listed on your online channels - yikes. SkuVault's goal is to keep an accurate count of your quantities - what's on hand, where it is, and, ultimately, what's free to sell. Between SkuVault's crazy-simple user interface, its use of barcode scanners, quality control, user accountability, and cycle counting, SkuVault's able to ensure your inventory is always on point. Turn a 15-minute demo today into a lean, efficient, profitable, low risk warehouse your business deserves.