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It is therefore imperative that a company periodically carry out inventories in order to ensure the reality, exhaustiveness and correct valuation of its assets and liabilities during its financial year. The inventory of stocks provides supporting documents for goods, raw materials and finished or outstanding products that are the property of the company, regardless of…
COVID-19 has created problems in many industries where some of their skills have to be shaped while opening the door to a new world for the Supply Chain. The emergence of e-commerce and the birth of the digital evolution have been recognized as key factors in shaping the future of the Supply Chain. But the…
The moment of making an inventory begins weeks and even months before the physical taking of it, especially when it comes to the ending inventory of each year. Inventory is not impulsively counting the stock of a warehouse, but a deliberate task that requires planning and order. Below you will find some basic guidelines shared…
It is recommended that companies take an annual inventory to keep their records up-to-date and to help you analyze how things have developed during the year. An annual inventory is not as simple as it sounds and should be well prepared. Read on for more information on what you need to understand when taking your…
The opportunity to take inventory begins weeks or even long before your physical intake, particularly with respect to the last inventory of each year. Taking inventory is not an impulse to know the stock of a warehouse, however, it is a designed job that needs planning and order. Here are 10 basic tips to prevent…
The basis of all commercial companies is the purchase and sale of goods and services; from here comes the importance of inventory management by it. This inventory management by inventory management companies in India will allow the company to maintain control in a timely manner, as well as to know at the end of the accounting period…
It is necessary to have an efficient administration to have proper management of the inventory in logistics. This allows determining the ways and times of delivery of the goods that a company sells. Although each company is different, and many times the handling of its products differs from each other, it is necessary that the…
Inventory is the heart of any company that markets tangible products regardless of size. Maintaining a stock that allows you to fulfil all customer orders in a timely manner is essential to achieve the sales goals of the company, remember that the latter is basically the source of support for it. Inventory management firm can…
Administrative errors These failures occur without bad intent on the part of the employees. Still, they can bring problems to the company without wanting to. A common mistake is to forget to register the output of products. On the one hand, there will be a vacuum in the inventory of a company that is not…
We can define inventory outsourcing such as counting outsourcing and periodic verification of material stocks (movable and immovable property) that a company has, in order to verify the degree of effectiveness in material handling systems, method of storage, use of space in the warehouse and control of goods. In this post, we explain the advantages…
