There seems to be quite a lot of confusion around Cycle Counting vs. Stocktaking. So, before we discuss the importance of Cycle Counting, we will need to understand WHAT Cycle Counting is, and What Cycle Counting is NOT:
Traditional inventory audits or stock takes, involve counting all of the stock that the organization has on a particular date. Typically this is at the end of the year but can be monthly, depending upon the organization’s Stock Control Policy.
Topics: Business software, Inventory Management, ERP and Technology, ERP and Data, ERP and Digitization, ERP for Inventory
In rapidly evolving markets, businesses today have no other option but to increasingly rely on data and analytics. Inundated with information, and the time is takes to correlate and gather multiple data can be tedious, often leading to errors. We’re only human after all. But with data warehouses, a company is provided with a practical, scalable solution.
Topics: Business software, ERP systems, ERP and Analytics, ERP and Data, ERP for Inventory
The current power crisis in South Africa is teaching all of its citizens a few lessons in inventory, distribution and asset management. Here’s how these lessons translate into better inventory management for all manufacturing operations.
Topics: Managing inventory with ERP, ERP and Technology, ERP for Inventory