What is Cycle Count?
Cycle Count A periodic inventory auditing process where a subset of inventory is counted on a rotating schedule to ensure ongoing inventory accuracy and compliance with internal controls and external audits.
Source: Incoterms 2020 (ICC), FIATA, IATA DGR, WCO
How is “Cycle Count” Used in Practice?
Cycle count procedures are integrated into warehouse operations to identify discrepancies and uphold inventory integrity.
Certification Exam Relevance
Who Needs to Know This Term?
- Freight Forwarders
- Supply Chain Managers
- Customs Brokers
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What is Cycle Count?
A periodic inventory auditing process where a subset of inventory is counted on a rotating schedule to ensure ongoing inventory accuracy and compliance with internal controls and external audits.
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