Stock Control Systems

Stock control systems should ultimately serve the role of controlling your inventory through barcodes. We will touch on what system and method to use shortly; however, let’s understand how a stock control system works.

A stock control system must allow you to carry out the following tasks;

  • Track stock levels
  • Make orders
  • Issue stock
  • Set buffer stock levels

As a business, you have two options when implementing your stock control system. You can either opt for a manual stock control system where inventories & stock levels are controlled manually. Annual audits are usually the preferred option for SME business owners.

Alternatively, you can opt for a stock control system operating through computer software. We would strongly recommend choosing software if you are dealing with a large number of products. Computer software also allows for your business to expand and take on more products as well as different variations.

One of the first steps you will need to do is establish an inventory of all the products you are producing and selling to your consumers. If you are offering your products online, then your list should relate closely to your online store. Each product/item should have a monetary value/price attached.

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what is stock control

What Is Stock Control? Complete Guide For New Businesses

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Stock control also referred to as inventory control is a system which is essential for every business dealing with logistics.