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
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.
Easy, because no one wants to eat expired food. Not good for you
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.
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.
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.
You should ensure that older stock is pulled to the front, and newer stock is put to the back. It is a question of stock rotation. Don't sell new stock if older stock is waiting to be sold.
Stock wastage can be attributed to food or beverage spoilage, lack of business to sell product, or poor stock rotation practices. One of the most important things in a restaurant is good controls and ordering practices as most products are considered perishable retail and must be used and sold in a timely manner.
It is important to do regular stock checks of stock investments to ensure that you your stock prices are profitable. Failure to regularly check can cause you to lose lots of money.