Stand-alone system or fully integrated with other Maxton modules.
if effective stock control system is followed, then there will not be any scarcity of raw materials and production will not halt. that is it, so simplw
stock control is the process of making sure that the correct level of stock is maitained and stock management is to meet demand while the cost of holding stock is to a minimum
under Traditional management ownership and management/control stay with the same persons. In Professional management, ownership and management may differ. ex: Take Joint stock companies - Owners are the shareholders whereas the management is taken care by managerial personnel who are professionals
I don't know. ok.
A fixed order quantity system is the arrangement in which the inventory level is continuously monitored and replenishment stock is ordered in previously-fixed quantities whenever at-hand stock falls to the established re-order point.
Level of stock at which order is made for new stock.
SBO (Sales Based Ordering)
There are almost as many disadvantages of a stock control system as there are advantages. The disadvantages of a stock control system are: expense, staff training is needed, incoming stock updates can be forgotten, equipment breakdown, and breakages and theft must be accounted for to keep stock levels accurate.
if effective stock control system is followed, then there will not be any scarcity of raw materials and production will not halt. that is it, so simplw
A BIN card is actually a document used in inventory control systems. It is used to keep track of the available stock and any problems involved with the stock of a specific item.
It is a system that helps control and manage the purchasing and receiving of stock for a business and also preventing unauthorized employee or other purchases.
Stock Control System School Library System Restaurant Billing System School Enrolment System Payroll System Electricity Billing
the stock system :)
An important part of stock control is to keep an inventory of stock levels, and to reorder and replace stock that has been sold to customers. Nowadays, most stock control is automated by a computer system, being linked directly to the tills, with the tills being linked to stock levels available in the warehouse, and even in other branches if need be.Most businesses hold an annual stocktake, which is usually done manually by employees visually noting and counting stock levels, which are then used to update and correct the computer system. The annual (once or twice yearly) stocktake is also done for insurance purposes, and to bring to light any misplaced, missing or stolen stock.
C. C. Cheung has written: 'Stock control information system for a warehouse'
Internal control in stock holding and security helps in the management and proper handling of the stock.
what is floor stock system