This policy establishes procedures that manage and control perpetual cycle counting of inventory, and to provide documentation for the purpose of meeting requirements for audit and financial accountability. These procedures apply to all raw material and finished goods inventory.
According to this sample, all company inventory should be cycle counted on a periodic basis in order to substantiate current inventory balances. Cycle counts should be performed (daily/monthly/quarterly) using a random selection process. In addition to routine daily cycle counting, there may be "special" audit counts of inventory.