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what are benefits of stocktaking?

Asked by: julius Homadzi 647 days ago - 1 Answers - 2097 views

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Having an up to date stock inventory can aid in tracking stock held by the business. There are less chances of stock being stolen and if there are missing items there has to be accountability by the person responsible for it. Some companies prefer to use a computerized stock control system and as stock is ordered it is entered on the system with regular checks carried out to ensure no item of stock is missing. Reminders are set so that stock can be reordered when levels start to decrease and reports can be analyzed to assess exactly how much stock should be held by the business during varying business cycles so that a balance exists between the minimum and maximum stock levels. Using an excel program can also perform the same functions to enable the business to know when to reorder required stock.

Answer by Abdulsalam Alsabbagh 571 days ago

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