002-080 - Stock (Inventory) Control

Many small businesses have significant problems with the control of stock.

The Stock (Inventory) Control Paper summarises in fourteen pages, many of the issues confronting a small/medium enterprise relative to stock control. The paper gives recommendations on the establishment of a Stock Control System and includes Flowcharts relative to:

stock ordering
receiving materials from suppliers
issuing materials for production
finished goods
dispatching finished goods
Items covered in the paper include:

Accounting For Inventory (Stock)
Stock Losses
Purchasing Of Stock Problems
Receiving Of Stock Problems
Inspection Problems
Storage Problems
Manufacturing Problems
Dispatch Problems
Accounting Problems - Stock
Proper Segregation Of Duties - Stock Control
Inventory Identification And Recording
Perpetual Inventory Record
Inventory Control Without Records
Imprest System
Single Bin System
Purchasing Procedures
Issuing, Receiving And Dispatching Procedures
Stock Ordering
Receiving Materials From Suppliers
Issuing Materials For Production
Finished Goods
Dispatching Finished Goods
Control Of Inventory
Physical Stocktakes