Stocktaking

Stocktaking physically counts goods within a defined inventory scope and compares them with recorded quantities. A complete count at a cutoff differs from cycle counting, where selected portions are checked on a continuing schedule.[1]

Define locations, units and the treatment of simultaneous receipts or picks beforehand. Investigate discrepancies before posting: goods recorded at the wrong location may need a transfer correction rather than a write-off. Counting checks the records but does not replace day-to-day control of stock movements.