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How much gap should we keep till next stock counting?

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Question added by Nisar Khan , Sr.Buyer " Fashion Retail-Textile" , Fawaz Abdullaziz Al Hokair & Co.
Date Posted: 2014/04/26
Byron Wilson
by Byron Wilson , Waiter / Barman , Mikes Kitchen Parktown

I agree with the answers given

Manoharan Vallamunji Kasinathan Vallamunji
by Manoharan Vallamunji Kasinathan Vallamunji , Purchase Engineer (Supply Chain Management) , ITR MIDDLE EAST

Its depands upon the industries. in FMGC you to do stock counting daily.

For heavy equipment production units like our we will take stock counting for A class items3 months once and for B & C class we will take stock counting6 months once 

It will change depanding upon the industries, situation, organisation etc

 

NIZAR PUTTENKUNNU
by NIZAR PUTTENKUNNU , Group Finance Manager , Refa Gifts Markets LLC & Group of Companies

It depends the purpose.  Some stores conducting daily stock counting of important items. Others doing random counts on regular intervals.  But mostly, once in a year for annual counting.

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