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متابعة

For what reasons does an organization hold stock records?

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تم إضافة السؤال من قبل Wasi Rahman Sheikh , WAREHOUSE SUPERVISOR , AL MUTLAQ FURNITURE MFG
تاريخ النشر: 2015/03/17
Abdou warshan
من قبل Abdou warshan , • مدير إدارة المخازن والنقل , شركة تمكين الدولية للأجهزة المنزلية

To use the data in these records to determine the reasons for increase or stock shortage during the year and use this data to correct demand forecasting and opportunities lost sales due to the stockout

Hany Helmy Haleem
من قبل Hany Helmy Haleem , Director of Warehouses , Nasco Automotive

For keep track of the positions, location and ownership of the securities it is holding.

Confirming of responsibilities, and transparency.

Best regards

 

 

Ani Kuriakose
من قبل Ani Kuriakose , Managing Partner – SCM , A. A. Associates

Stock records are kept by an organisation mainly for Financial control, Inventory management and planning purposes.

Efficient stock control allows you to have the right amount of stock in the right place at the right time. It ensures that capital is not tied up unnecessarily, and at the same time helps the supply chain to meet the customer requirements.

Thus keeping accurate inventory records helps the organisation to keep track of its resources, meet sales requirements, avoid stock outs, avoid excessive stocking, prevent pilferage and to control costs.

 

Muhammad Umair Arain
من قبل Muhammad Umair Arain , General Accountant , Heart Beat Medical Center & One Day Surgery LLC

For Financials Reports, For Audit Purpose

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