A Stock Inventory refers to a process of analyzing and documenting the goods an organization has at its disposal, usually at a warehouse the company owns or rents.
It is obligatory to manually examine and write down the names of the items the company has on hand at the moment. Controlling the inventory is essential not only for warehouse optimization but also for production, sales, and deliveries - you will have an opportunity to detect problems like missing products and damaged goods and prioritize the inventory by putting the items into different categories.
Streamlined inventory management will help your business - the individual whose responsibility is to keep track of the stock will be able to draft a report for their supervisor and manager and express their opinion about the operation of the warehouse, current security measures, and potential overstocking or dead stock.
A Stock Inventory template can be downloaded via the link below.
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