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Physical inventory counts is related to finance (profit & loss) Hence many companies are conducting inventory in once or twice a year / depends on the company policy.
The word inventroy control itself defines that the control of the inventory you stored in your warehouse. if a company dont have a control over the stocks it affects all the activities including sales, purchase, finance etc. in order to make the inventory perfect, the person incharge of the warehouse has to perform the stock taking on regular intervels depends on the stock which they posses. At least they have to do regular random checkups of the stock to remove any errors in the stock report and physical stock.
Store is a place where we stock inventories. Store deals in material (money) which built inventory. To keep the control on store, inventory control is very necessary. Control on inventory enable us to predict the correct requirement of material to be purchased. It avoids chances of production held ups.
If we do not have control on inventory then we can not give correct data of material requirement to be purchased to continue the production process. We can reduce our stock level and indirectly save company's money. A company can make profit only if it has control on inventory.
The major function of stores/warehouse is inventory control. If it is in control and the balances in books and stores are exactly the same then it would be said that the inventory in this store/warehouse is in control.
REGARDS.
inventory control is warehousing , in other words , warehouse is not just a place to keep your goods in , warehouse is a place where you place your goods (majir facto in your operation) in and dontrol it properly throug variuose means depending on your goods , starting from implamenting an effective inventory monitoring system reaching to providing good storage conditions (tempertaure, humidity , and lighting)because the goods in the warehouse should always match your books, whether they are manual books or electronic books, since all opertaions (purchasing, plannig, selling , and finance) depend on the figurs and values in those books.
Thanks so much,is warehouse job done with out inventory ,daily stock count and adjusting,liasing ,following, coordinating,data entry and transactions?realy inventory it is main function at any warehouse.
Best regards
