Stock control systems Flashcards
What is a stock control system?
A system that encompasses (includes) all aspects of managing a company’s inventories; purchasing, shipping, receiving, tracking, warehousing and storage, turnover, and reordering.
what are the advantages of a stock control system?
It tell the business what stock they have, how much space is in the storage room, what does and doesn’t need reordering, when something have arrived or needs shipping out, whether something needs to be used because its coming close to the sell by date. it prevents stock being left outside, stops stock that isn’t selling to be reordered which makes more space in storage, stops products from going off and having to be thrown away.
what are the disadvantages of a stock control system?
Its expensive, staff will need to be trained how to use it and they may not like the idea of a new system.
