We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • SUBMISSIONS
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
Home » Study documents benefits of cycle counting
Forward Thinking

Study documents benefits of cycle counting

May 23, 2012
No Comments

If you've ever wondered whether cycle counting is a worthwhile exercise, then the results of a new survey should help you to lay aside any doubts. According to the Tompkins Supply Chain Consortium's Cycle Counting Report, companies that have a cycle-counting program achieve an average 98-percent inventory accuracy. Seventy-five consortium members in manufacturing, retail, and distribution took part in the survey.

Cycle counting involves conducting periodic checks of inventory in a warehouse, as opposed to doing a physical count of all items in storage on a set date, such as the end of a fiscal quarter. The report found that nearly half of all respondents used a combination of cycle counting and physical inventory checks to verify and monitor the accuracy of information about stored items.

Bruce Tompkins, executive director of the consortium and author of the report, said that the benefits of cycle counting include reduced operating costs, higher service levels, improved shipping accuracy, and lower inventory levels. Cycle counting can also boost labor efficiency and product flow by identifying and correcting inventory discrepancies before they impact normal operations, he added. "Cycle counting is critical to any company seeking higher inventory-accuracy levels and greater efficiency in the warehouse," he said.

For more information, download the Cycle Counting Report.

  • Related Articles

    Using predictive analytics to make cycle counting better

    Industrial property business basks in the glow of a virtuous cycle

    Global air growth slows markedly in March; end of restock cycle to blame

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Forecasts call for freight rate slumps in 2023

  • Projected U.S. recession in early 2023 will soften freight market

  • Inflation drops again as interest rate hikes hit home, NRF says

  • How to avoid the next crisis: A new approach to supply chain agility

  • New Jersey truck fleet says Freightliner tractors will deliver safety as well as freight

Featured Video

20221107korber large vs

Enhancing Customer Experience with Your Supply Chain Strategy

Viewer Contributed
With the rise of e-commerce, many businesses have had to transform their warehouses to handle online orders in addition to regularly scheduled inventory shipments. This means warehouses need more information than ever before to ensure they can meet customers' needs. As a result, companies need to select warehouse...

FEATURED WHITE PAPERS

  • Guide to Pallet Rack Safety

  • 3PLs: Complete Orders Faster with Flexible Automation

  • A shipper's guide to navigating post-pandemic holiday freight

  • THE NEW WAY TO WAREHOUSE: 4 Innovations in Automation & Robotics to Boost Warehouse Productivity

View More

Subscribe to Supply Chain Quarterly

Get Your Subscription
  • SUBSCRIBE
  • E-NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing