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Stock management unites all the operations to be carried out to determine the frequency of supply and the quantities to be purchased. It will then have to put in place a good organization and a strategy adapted to the needs of the company to respond effectively to the expectations of the customers, but especially to…
When it comes to inventory tracking and management, automation and technology can be a business owner’s best friend. Although manual inventory counting was considered a useful technique in those days, current inventory systems are largely software-driven and organized with barcoding systems. When it comes to handling inventory, a barcode inventory system can help improve efficiency…
The warehouse is the hub of the production process. The maintenance of warehouse stocks allows the planning and supply of the production, on the other hand, the immediate satisfaction of the customer’s needs. An inventory management system is essential to make production efficient. Inventories are used to cope with sudden and unforeseen fluctuations in demand….
Inventories are related to all the goods involved in the operating cycle of a company either to be consumed or to be sold as-is or at the end of the production process. Good stock management will help meet future needs. Good stock management is a factor of flexibility for the company. Indeed, stocks represent a…
In its second year, the pandemic is taking its toll on the global economy and the impact on businesses has not been long in coming as they struggle to regain their inventory levels. We know that maintaining an optimal level of inventory is critical to the survival of businesses. Therefore, we prepare this article for…
Revaluation of fixed assets is the change in the value of the balance due to the change in market value. An investor’s decision to invest in a company is made based on special considerations. The ease of obtaining information makes anyone tend to care more about the company that they want to invest in. By…
Inventory management manages all items stored in the company. Have you ever felt that the food products you enjoy every day never run out? This is because the company uses a system to manage the existing inventory of raw materials so that the company is never in a state of running out of raw materials….
Sometimes if the company can’t manage its inventory whether it’s their own products or semi-finished goods and raw goods, it can hamper the process of making these goods or sometimes it can also hamper the implementation of the services offered by the company. This is why Inventory Management is important. Inventory consists of: Inventories of…
Today enterprises and companies are increasingly forced to work in conditions of limited resources – labor, material, financial. The lack of finance is compensated by the attraction of credit funds. However, loans reduce profits by the amount of bank interest. And the losses from ineffective inventory management increase the cost of production and its final…
Inventory control aims at two basic objectives: to minimize the cost of storage and to provide excellent customer service. The availability of an excellent stock and the constant and correct balance of stocks are fundamental for the company’s profitability. The reason is that stock outages could cause delays or complaints from customers. Moreover, an overstock…
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