Stock control, otherwise known as inventory control, is used to show how much stock you have at any one time and how you keep track of it. It applies to every item you use to produce a product or service, from raw materials to finished goods.
The purpose of stock control is to minimize stocks and the costs of holding stocks while ensuring that firms have sufficient stocks to meet customer needs. This proposition may sound simple, but it is complicated by fluctuations in demand; only some of which may be predictable.
Effective Store Management and Stock Control training course looks at efficient management of the movement and storage of goods and material, including when to order and store goods to meet operational requirements, how to inspect and receive goods in order to have a balanced flow of stores, and managing stock recording, stock control, and stocktaking.