Inventory count procedures are an essential part of any business’s operations. It is the process by which a company regularly reviews and counts its physical inventory in order to determine the exact amount of stock it has on hand. This process helps businesses keep track of their inventory, ensure accuracy in pricing and ordering, manage theft or loss, and stay compliant with regulations. By having a regular inventory system in place, companies can save money by preventing overstocking and reduce losses due to shrinkage.