Introduction

The stock should be well handled, counted, and stored in order to ensure the smooth running of the business, which will in turn result in a healthy profit.

Stock control, otherwise known as inventory control, is used to show how much stock you have at any point in time, i.e., having a tracking system for stock.

It applies to every item you use to produce a product or service, from raw materials to finished goods. It covers stock at every stage of the production process, from purchase and delivery to using and re-ordering the stock.

Efficient stock control allows the company to have the right amount of stock in the right place at the right time. It ensures that capital is not tied up unnecessarily, and protects production if problems arise with the supply chain.