Question

is a physical count of items in inventory used to reduce the discrepancies between inventory records and the actual items on hand.

Answer 1

Inventory cycle counting

Step-by-step explanation:

Inventory cycle counting is a physical count of items in inventory used to reduce the discrepancies between inventory records and the actual items on hand.

Cycle counting is an inventory audit process. Under this process, a small part of the inventory is counted on a specific day. The purpose of cycle counting is the verification of inventory accuracy and identify and reduce inventory errors that occurs while recording the inventory.