Final answer:
The statement is false; the location does not need to be empty for a cycle count. This inventory auditing process involves counting inventory in a specified location to verify and adjust records without interrupting operations.
Step-by-step explanation:
The statement that the cycle count location must be empty before starting the cycle count process is false. The process does not require the location to be empty. Instead, the procedure involves verifying the inventory levels of those counted items to ensure accuracy in the inventory management system. For instance, a warehouse may perform a cycle count where they select a specific location and account for all items in that area, crossing reference with what their system claims they should have. The cycle count is aimed at correcting errors in the inventory records, identifying the causes of discrepancies, and ensuring the records match the actual stock levels without halting the entire operation.