The business plan questionnaire on "Stock" raises questions relating to:
- conducting regular stocktakes
- identification of obsolete and slow moving stock
- utilisation of a Stock Matrix
- identification of Stockturns
- age of stock etc
Many businesses have significant investments in stock and therefore in the business planning process, time should be given for an evaluation of how successful the business' stock system is functioning and how the information produced from the stock system is being used by management to contribute to bottom line profitability.
