When are Cycle Counts typically conducted?

Cycle counts are typically conducted to help maintain inventory accuracy and ensure medication and product availability. The key reason for conducting cycle counts daily is to facilitate ongoing assessment of stock levels, discrepancies, and to catch errors more frequently. This process helps in maintaining an up-to-date record of inventory, enhances the efficiency of stock management, and minimizes the risk of stockouts or overstock situations.

In this context, conducting cycle counts daily by a specific time allows for consistent tracking and adjustments, which is crucial in a pharmacy setting where medication management is vital for patient safety and operational efficiency. This approach supports regulatory compliance and ensures that the pharmacy can provide accurate information regarding inventory levels at any given moment.