What is the primary purpose of cycle counting in inventory management?

To shut down the facility and have inexperienced people count parts and materials annually.

To classify inventory items based on their value and demand for more accurate inventory records.

To verify inventory records through periodic audits and ensure the integrity of the inventory system.

To count A items once a quarter, B items once a month, and C items once every $6$ months.

To compute the total number of inventory items for accurate reporting to stakeholders.