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Stock Control

In: Business Workshop

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  • Yvonne Locker

Abstract

Stock control means looking after the goods in stock and ensuring that items that are low in quantity are ordered in plenty of time. Similarly, checks are kept on how quickly items are being used so that too much is not ordered, resulting in stockpiling. Apart from wasting valuable space by storing unwanted or slow moving items, over-ordering ties up a company’s capital unnecessarily. Some goods such as food are perishable and cannot be kept for long periods. Similarly, materials like paper discolour if kept for too long.

Suggested Citation

  • Yvonne Locker, 1991. "Stock Control," Palgrave Macmillan Books, in: Business Workshop, chapter 17, pages 174-178, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-11727-7_17
    DOI: 10.1007/978-1-349-11727-7_17
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