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When should we do stock review? weekly or monthly. Explain please

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تم إضافة السؤال من قبل Nisar Khan , Sr.Buyer " Fashion Retail-Textile" , Fawaz Abdullaziz Al Hokair & Co.
تاريخ النشر: 2014/05/11
Crisanto Sor
من قبل Crisanto Sor , Storekeeper , Western Bainoona Group

Stock review is dependent on the movement of items. Fast moving or in-demand goods need more frequent monitoring maybe on a daily or weekly basis. Slower moving ones can be reviewed on a less frequent but regular basis (monthly/quarterly)

Perishable items need also to be monitored not only based on their movement but also on their shelf life.

Malak Philippe
من قبل Malak Philippe , SAP Account Manager / SAP Project Manager , Edraky

Dear Nisar

in stock control you have2 ways of inventory over view 

1- Daily process

2- periodic process ( weekly - monthly or annually )

 

but you can classify the stock into ABC Classification ( depending on Sales Amount & Margin of each item )

this way u can determine the turn over of each item and trace the A class in a Daily Procces - B Class in weekly and the rest of store Monthly or annualy

 

and trace the high Value items 

Gogula Krishna
من قبل Gogula Krishna , Parts Merchandiser , POWERICA LIMITED

15 days once.

Chaudhry Rizwan Akram
من قبل Chaudhry Rizwan Akram , Deputy General Manager , Gourmet Foods

Store Manager and department heads have to do the stock review on daily basis by reviewing dash boards. Too much stock means money is stuck and less stock means loosing sales and customers.

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