Stock rotation procedure is important to any business as it ensures that stock is balanced. You will not be left with old stock and sell the new stock only. This creates a good balance also in terms of the quality.
First in first out
"When stock a new delivery of goods takes place, it is important that stock items are rotated so that the older units are on prominent display."
Stock rotation of materials is important to ensure that older stock is used before newer stock, preventing expired or obsolete materials from being wasted. It also helps to maintain product quality by preventing deterioration or spoilage of goods. Additionally, stock rotation can improve inventory accuracy and minimize the risk of stockouts.
what are the procedure of a stock verification
Easy, because no one wants to eat expired food. Not good for you
The biggest reason for poor stock rotation is that the employees just put the new items on the shelf without pulling the older ones to the front. All stock items should be rotated out based on the product's expiration date.
Stoketake is a process of stock varification in the Libraries. Periodic stocktakes are important to ensure that operator data entry and external handling errors are caught and corrected, and that the quantity information in your stock files remain accurate. Folowing are few another resons which make it important process for all storehouses. to identify missing items e. g. Books in a library to check items ( Books ) are in correct shelf location Get an accurate picture of losses books Remove missing items from the collection
Essential
Change speed of rotation. change direction of rotation.
Poor stock rotation is evident when items on the shelves are not sold before their "best by" dates. In a grocery store, new items should always be rotated to the back of the shelf. Even some soaps have a "best by" date.
The first and most important step in the posting procedure is?
so they do not get ripped off