What is a "cycle count"?

A cycle count is indeed an inventory auditing procedure that is conducted on a scheduled basis. This method involves counting a subset of inventory items to ensure accuracy in stock levels and to identify discrepancies in records. Cycle counts are typically more frequent than full inventory counts, allowing organizations to maintain accurate inventory records without the disruption that a complete inventory might cause.

This approach is beneficial for effective equipment management as it helps organizations quickly identify and rectify issues, thereby improving overall inventory accuracy. Regular cycle counts contribute to better decision-making regarding equipment usage, stock levels, and financial investment in maintenance and acquisition, ultimately supporting operational efficiency.