Stock control
Encyclopedia
Stock control is used to evaluate how much stock
is used. It is also used to know what is needed to be ordered. Stock control can only happen if a stock take
has taken place. Stock rotation
must be put into use with stock control by using the oldest products before the newer products.
Stock
The capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors...
is used. It is also used to know what is needed to be ordered. Stock control can only happen if a stock take
Stock-taking
Stock-taking or inventory checking is the physical verification of the quantities and condition of items held in an inventory or warehouse. This may be done to provide an audit of existing stock valuation. It is also the source of stock discrepancy information.Stock-taking may be performed as an...
has taken place. Stock rotation
Stock rotation
Stock rotation is the practice, used in hospitality and retail, especially in food stores such as restaurants and supermarkets, of moving products with an earlier sell-by date to the front of a shelf , so they get picked up and sold first, and of moving products with a later sell-by date to the...
must be put into use with stock control by using the oldest products before the newer products.