STOCK

CONTROL
PROCEDURES
Group Members
Stacia, Ronya, Romona, Narissa, Andrea
TOPICS

01.WHAT IS STOCK 02 STOCK CONTROL

CONTROL? PROCEDURES

03. TYPES OF 04. ADVANTAGES AND 05. CONCLUSION

STOCK CONTROL DISADVANTAGES
.

January 18 2023
DEFINITION : STOCK CONTROL

Stock Control, often known as Inventory control, is the process

of monitoring a company’s warehouse stock to make sure that it is
at the most sufficient level. It includes the process of managing
items from the time they are ordered, through storage, movement
within a warehouse or across different warehouses as well as to
their final destination or disposal. Inventory management is a
critical part of every retail business.

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TYPES OF STOCK CONTROL

❑ Periodic Inventory System.

❑ Perpetual Inventory System.

A periodic inventory system is kept up to date by
physical count of goods on hand at specific intervals.
A perpetual inventory control system tracks
With periodic inventory system, a business will not know
inventory in real-time. As soon as a product is sold,
how many products it has until after the physical count is
its barcode is scanned and it is removed from a
completed.
global inventory database.

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11 INVENTORY CONTROL PROCEDURES AND
TECHNIQUES

1. Prioritize location and accessibility

2. Establish the floor and layout arrangement

3. Optimize and forecast your inventory

4. Get rid of unneeded stock

5. Set a cycle count schedule

6. Check stock quickly after delivery

7. Label all products

8. Keep an eye on expiration dates

9. Make sure you’re keeping track of your inventory

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10. Assign inventory management responsibility

11. Create back-ups of your inventory data

Stock Requisition Forms and Stock Control
Cards are used to facilitate stock control .

Stock Requisitions are requests for supplies from stock A stock Control Card, also called the bin card is kept for
held for current use. In other words, they are requests each item of stock. It provides a record of receipts and
for items that have already been purchased and are issues of that item, in addition to the minimum, maximum
being held until required (e.g. stationery). and re-order levels for that item.

They are internal written requests to the purchasing Stock cards are checked to know when an item needs to be
department from other departments within the reordered.
organisation giving details of items that they require.

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 Stationery Requisition
Req. No. 004
Date:
From:
To:

QUANTITY DESCRIPTION

Signed: _______________ Date: _____________________

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 STOCK CONTROL CARD
Maximum: 100
Item: Reorder level: 50
To: Minimum: 25
From:
Unit:_____________

Receipts Issues On Order

Balance in
Date
Stock Date Order Date
Quantity Inv. No. Quantity Reqn. No. Dept/Staff Quantity
Ordered No. Rec’d

2023 2023 2023

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9 January 18 2023
“ CONCLUSION

In general, inventory management can affect the success or failure of a

business. Having proper visibility into your stock at any required
moment is essential for success. In order to get real-time and
informative inventory reports to make the plan for the business, it is
important to apply the right inventory control procedures, together with
suitable support tools and software
REFERENCE PAGE
https://www.magestore.com/blog/inventory-control-procedures/

● Scantleburry, B. & Harrison, (2001).

● New Caribbean Office Procedures Longman.

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