Stock control

Also referred to as inventory control is a system that is essential for every business dealing with logistics. Simply put, it is utilised to indicate how much stock you have remaining at any given time. When used correctly, an effective stock management system is used at all points of the production process.

Example: If a start-up business was producing and selling furniture, their stock management system should display how much capital is available in the warehouse. Ensuring the correct level of output is delivered. An efficient stock control system will avoid the issue of ‘wasted stock’.