S.No
|
Cycle Counting
|
Physical Inventory
|
1
|
cycle counting can be done on specific items or selective items
|
physical inventory we have to count all items
|
2
|
cycle counting can be done multiple time in an year , like monthly or quarterly for high value items
|
physical count is done once an year or at the most twice for all the items.
|
3
|
We can schedule the count
|
We cannot schedule this
|
4
|
We cannot have a snap shot
|
We can have a snap shot
|
5
|
We can view the qty in the system
|
We can not view the qty in system
|
6
|
We cane select the items using ABC analysis
|
It is done for all the items.
|
7
|
We need not to freeze inventory transactions
|
Need to freeze inventory transactions
|
8
|
Recount is possible
|
Recount is not possible
|
9
|
We can maintain recount history.
|
No recount, hence no history
|
10
|
Adjustments can be processed on approval.
|
Can be done using adjustment concurrent program
|
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Difference between Cycle Counting and Physical Inventory
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