What are Oracle cycle counts, their types, and differences?

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Accepted Answer

Oracle cycle counts are inventory audits performed on a regular basis to ensure accuracy and efficiency in inventory management.

Cycle counts are periodic inventory checks that involve counting a subset of inventory items on a regular basis.
There are different types of cycle counts such as ABC analysis, random sampling, and location-based counts.
The main difference between cycle counts and physical inventory counts is that cycle counts are ongoing and do not require shutting down operations.
Cycle counts help in identifying discrepancies in inventory levels, improving inventory accuracy, and reducing the need for large-scale physical inventory counts.
For example, ABC analysis cycle counts focus on high-value items, while random sampling cycle counts involve selecting items randomly for counting.

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