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Bin card is kept in the bin along with the particular item. Usually there is a metal holder attached to the bin for this purpose. These cards are usually very simple, giving a description of the item, including its code number, the unit of issue, the quantities received and issued and the balance remaining in the bin.
Keeping track of all the goods you have in your store of the warehouse is one of the key success factors of a healthy and good business. This requires spending time and attention to detail in keeping an overview. Useful tools in Excel that make their life better or help their business flourish.
A BIN Card is a spreadsheet or table that records the status of a good held in stock. A typical retailing business with a large stock warehouse will use a BIN card to record a running balance of stock on hand, in addition to information about stock received and notes about problems associated with that stock item.
What does BIN in BIN Card stand for?
BIN stands for Business Identification Number
Often, a BIN Card is compared with a stock register or store ledger and usually, regularly updating and maintaining the store ledger can be sufficient. A BIN card however always need to be kept up-to-date by putting in the transactions before these actually have taken place. A bin card is a handy record for an online or offline storekeeper whereas a ledger is for the finance and costing department.
This BIN card format template is. By printing and keeping once a week or once a new hardcopy BIN card inside the store, most columns within this BIN Card format will be left empty before a storekeeper writes down exactly the transactions on the hardcopy form.
When do I need this Bin Card?
When you are a storekeeper, looking for a solution to keep track of the transactions that are taking place. You can use a BIN Card system. A BIN card records the status of products held in stock in a warehouse. Most retail companies that are having a large warehouse or stock room will use a bin card to record a running balance of stock items on hand, in addition to information about the stock items received and notes about problems associated with that stock of that product.
You can start working or start improving your warehouse process, directly with this BIN Card system.
Source: Free BIN Card Format or Video explain BIN Card
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Bin Card is commonly used in Stores, see more info about what a BIN Card is on this video: https://youtu.be/qc2WPIqok_E
