Stock control means keeping a current count on all of the products that are in your business. When a product is sold, the stock control should be reduced by one item. This allows for reordering to be done with ease. There are several different types of stock within a normal small business, included among these are:
- Work in progress – stock of unfinished products
- Goods ready for resale
- Raw materials and components to make a new product
- Consumables – including stationery and printer supplies
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