by
FOWZY seraj , project manager , APSG in King Abdul-Aziz Airport (Hajj Terminal )
TheMaterial is properly disposed of and the stock records Adjusted.
And Use a stock record card Efficient stock control allows you to have the right amount of stock in the right place at the right time.
Stock control, otherwise known as inventory control, is used to show how much stock you have at any one time, and how you keep track of it.
It applies to every item you use to produce a product or service, from raw materials to finished goods. It covers stock at every stage of the production process, from purchase and delivery to using and re-ordering the stock.
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 protects production if problems arise with the supply chain.
For a public ltd. company it is mandatory to have a Stock Audit since the inventory is tied up with the capital, they are answerable to the shareholders to the bankers. This process throws away the problems which prevails in the company for misuses,thefts,pilferages so that the gaps can be minimised . Also this acts as an indicator for inventory levels for better stock control which in turn play a vital role for Inventory turn over ration