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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

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Difference between professional and traditional management?

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


What is the importance of effective stock management for a manufacturer?

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


What is a stock control manager?

A stock control manager is responsible for overseeing a company's inventory levels and ensuring that stock is maintained at optimal levels to meet demand without overstocking. They manage the procurement process, track inventory movement, and analyze sales data to forecast future needs. Additionally, they implement inventory management systems and policies to minimize losses and improve efficiency. Their role is crucial in maintaining the balance between supply and demand, contributing to the overall financial health of the organization.


Difference between stock administration and warehouse?

1.warehosing deals with storing of goods in a warehouse while stock administration deals with contriing of stock. 2.stock admin station can be one of the component a warehouse while warehousing can not be one of the component of stock administration. Simon Stanley


Which best describes the difference between preferred and common stocks Preferred stock allows shareholders to vote for a board of directors while shareholders of common stock do not have voting right?

The statement is incorrect; preferred stockholders typically do not have voting rights, while common stockholders do. The main difference between the two is that preferred stock generally provides fixed dividends and has priority over common stock in asset liquidation, but common stockholders have voting rights and the potential for higher returns through capital appreciation. Preferred stock is often seen as a hybrid between equity and debt.

Related Questions

Difference between professional and traditional management?

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


What are the difference between buffer stock and safety stock?

no difference


Internal control in stock holding and security?

Internal control in stock holding and security helps in the management and proper handling of the stock.


Does information and communication technology affect stock control in the management of sale trader?

does information and communication technology affect stock control in the management of sale trader


What is the difference between a unit of stock and a share of stock?

No difference. A unit of stock is called a share.


What is the difference between stock and inventory?

The difference between stock and inventory is that stock is what you have if you're selling items. Inventory includes what you have as your belongings.


What is difference between stock and a scion?

the difference between scion and stock is that scion is the cut stem of a plant while stock is the stem attached to the ground


What is the difference between the australian stock exchange and the american stock exchange?

The difference between that Australian stock exchange and the American stock exchange is that they are based out of two different countries: Australia and America.


What's the difference between the 1938 Stock and the 1959 1962 Stock?

The difference between the 1938, 1959 and 1952 is that it has been progressively modernized.


What is the difference between dealer and stock markets?

differance between stock market and dealer market?


What is the difference between a stock and a sock?

The T


What are the different between cycle stock and safety stock?

the difference is your fat mum