Stock control

Abstract

By the end of this chapter you should be able to explain:

• the reason stock control affects all firms

• the importance of effective stock control

• the need to stocktake

• the calculation of the value of stock in hand

• the reasons why the written records do not always agree with the amount of stock actually being held

• the documentation used to record stock

• the need for stock levels to be established

• the procedure for storing and caring for stock

• the duties of a stock controller

• the computerisation of stock control.