The control is used periodically to maintain accurate records of Physical count.
A physical count is a real remember of the products in inventory. This is a carefully coordinated counting system in which counting regions are segregated and counted groups take a look at assigned stock areas, recording their counts on matter sheets.
A physical inventory relies on a dependent method of counting an organization's inventory wherein a team of workers makes use of a predetermined technique to depend on the goods. Groups time table a physical stock be counted at the quit of a reporting period.
The difference between cycle count and physical inventory is that cycle matter is a technique of perpetual inventory counting while the physical inventory approach counts stock periodically, normally on an annual foundation.
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