explains the management of inventory in stores and stock security

1. CHAPTER TWO :
STOCK CONTROL
RUTH NYIRAMAHORO
DEPT. OF MARKETING & PROCUREMENT
MUST

2. Introduction

3. Stock management

4. Stock value

5. Keeping lots of stock
• Advantages.
• Easy to monitor stock.
• Buying in bulk may be cheaper due to quantity discounts
• Low management costs.
• The organization never runs out of stock.

6. disadvantages:

7. Stock levels based on type of stock

8. Raw materials and components

9. Work in progress - stocks of unfinished goods

10. Finished goods -ready for sale

11. Consumables

12. Stock control methods

13. Periodic review

14. Just In Time (JIT)

15. Economic Order Quantity (EOQ)

16. Batch control

17. First in, first out -

18. Stock control systems - keeping track manually
• Stocktaking involves making an inventory, or list, of stock, and noting
its location and value. It's often an annual exercise - a kind of audit to
work out the value of the stock as part of the accounting process.
• Codes, including barcodes, can make the whole process much easier
but it can still be quite time-consuming. Checking stock more frequently
- a rolling inventory - avoids a massive annual exercise, but demands
constant attention throughout the year.
• Radio Frequency Identification (RFID) tagging using handheld readers
can offer a simple and efficient way to maintain a continuous check on
inventory.

19. Any stock control system must enable you to:

20. Stock control system cont’d

21. Stock control systems - keeping track using
computer software

22. Using computer software cont’d

23. Using RFID for inventory control, stock security and
quality management

24. RFID cont’d

25. Advantages of using RFID

26. RFID tagging can be used to:

27. Stock security

28. Thieves and shoplifters

29. Protect your stock

30. Theft by staff

31. Control the quality of your stock

32. stock tracking and batch tracking.

33. stock tracking and batch tracking

34. Stock control administration

35. Typical paperwork to be processed includes:

36. Health and safety