How to carry out proper inventory control in your business

[Holicent]

Proper inventory control is essential for any business. It allows you to keep track of your stock, know when to re-order, and ensure that your customers are getting the product they want.

Inventory control starts with knowing how much product you have in stock. In order to do this, you need to take an initial inventory of what's in your store or warehouse. This will help you determine how much money you need to spend on purchasing more products, and it will also help you avoid running out of stock when it comes time for an event or special promotion.

Once you know how much product you have available, it's important to maintain that level throughout the year. If sales increase during certain times of year but decrease during others (like after Christmas), then make sure there's plenty of inventory on hand at those times so that customers can find what they're looking for without having to wait for another shipment from the manufacturer or supplier.

 

[Suba]

Although currently there is inventory software available, but I will discuss it manually. The importance of inventory control is mainly to maintain product quality, to calculate inventory turnover rates, determine purchases and to avoid excess/lack of investory goods. So to be able to carry out proper inventory control in our business, we must, Assess your Inventory so that it will be known how much inventory to order and store, and when to reorder which of course must be adjusted to the level of sales, type of stock, and how much storage space. In addition, we also need to carry out audits/stock opname periodically.