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A company needs enough to cover the amount of sales or manufacturing they are doing. Otherwise that will affect their sales or ability to make products. If they have too much, then they may not be able to sell it all. Perishable products may go out of date, and although they have paid for those goods, they won't be able to sell them, meaning they would lose money. It can also take up space that they need for other goods that there is a demand for. The same applies to manufacturing, in that they may have too much of one thing and not be able to use it all.
What else can I help you with?
Why do companies do stock control?
In order to check for loss and fraud of stock
What is stock control?
Stock control software certainly comes in handy for any retail business, especially those looking to streamline processes and get a real return on investment. This is because it offers a range of solutions to make retail businesses more efficient. Not only does stock control software give you a clear overview of all your stock and its location at any given time, but it can help you to manage forecasting of future demand and supply chain management. This prevents the need for error prone, time consuming and disparate manual systems.If you own a retail establishment and want to have a clear overview of your inventory, one of the best ways is to invest in a dedicated stock control system, like the ones offered by Eurostop. To learn more about their stock control and POS solutions, contact them online or call +44 (0)20 8991 2700.
Explain what is Stock out cost?
Stock out cost is that cost which a company may earn if stock was not finished for example revenue could be earned by using that inventory stock or sales order may be lost due to non-availability of stock etc.
Explain the three ways investors can make money from common stock?
frozen pizza
BIN card in Inventory control management system?
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.
What Qualifications do i need to be a Stock Control?
define what a stock controller is
How important is stock control?
"Stock control is very important! It is what keeps things running smoothly. Stock control insures how much or a product you have, how much you need, and when to restock. It is the order to the whole business."
How do you control the subwoofer in your Ford Expedition?
You need to specify if this is a stock or aftermarket subwoofer. You need to specify if this is a stock or aftermarket subwoofer.
Where can I learn about taxation of stock options?
Online, ETrade is an excellent website to find out everything you need about taxation of stock options. They have information provided to explain and help aide in the process.
Explain why we need to control our pollution?
so that we cannot sick thats would be all thank you
Internal control in stock holding and security?
Internal control in stock holding and security helps in the management and proper handling of the stock.
What is the difference between stock control and stock management?
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
How are computers used in stock control?
Computers are used in stock control to monitor the daily changes on the stock market. Computers are essential in participating in the stock exchange online.
Explain the advantages and disadvantages of stock exchange listing?
disadvantages of stock market listing
Can you explain how a buy limit order works in the stock market?
A buy limit order is an instruction to purchase a stock at a specific price or lower. This order will only be executed if the stock's price reaches the specified limit price or lower. It allows investors to control the price at which they are willing to buy a stock, helping them to potentially get a better deal.
Can you explain how a limit order works in trading?
A limit order is a type of order placed by an investor to buy or sell a stock at a specific price or better. It allows the investor to set a price at which they are willing to buy or sell a stock, and the order will only be executed if the stock reaches that price. This helps investors control the price at which they enter or exit a trade, providing more control over their investments.
Can you explain how a limit sell order works in trading?
A limit sell order is a type of order in trading where you set a specific price at which you want to sell a stock. Once the stock reaches that price, the order is automatically executed. This allows you to control the price at which you sell your stock, potentially maximizing your profits.
