Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

What is the purpose of regular stock count in controlling issuance of goods and delivery?

user-image
Question added by michael oyeleso , INVENTORY , VAULT/DISPATCH COORDINATOR OFFICER , secureID LTD
Date Posted: 2013/07/05
FOWZY seraj
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.
                                       

SREENIVASULU NADDELLA
by SREENIVASULU NADDELLA , PHARMACIST , CHANDRA MIDICALS

abc analsis &eoq metheds stock purchasing

Rex Riños
by Rex Riños , WAREHOUSE CONTROLLER, ISO AUDITOR , Trendy Plastic Mfg. Inc.

To have a control on hand stocks and remaining stocks if customer needed to know.

hammad hassan
by hammad hassan , Assistant Manager Stores& warehouse , Safi Impex

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.

Karthigai Balan Subramanian
by Karthigai Balan Subramanian , Material Controller , kharafinational

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

More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.