Stock Control

Stock Control

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I am an assistant Stock accountant for a very large retail organisation, recently my manager has asked me to produce quality stock information for the directors of the co. , Can anyone suggest any ideas of comparative info I could produce? I already have things like Stock turnover, condemns as % of Sales. Any help would be appreciated.
andrea

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By Accounting WEB
07th Jun 2001 17:26

What matters is the cost of your base stock
If you think about stock, the idea is to have just enough around to feed demand and so you do not want to be sitting on a great heap of it, because it is all money at the end of the day.
You need to be able to do some analysis of what is slow moving and what is not, to give you an idea of control. You also need to demonstate that you have proper controls in place so that yoo are valuing it properly, and providing adequate provision for obsolete stock.
It is also handy to be sure about your lead times for re-stocking.
I am sure your stock is done by department, and so it is just a case of working though consistently, and being able to explain any high or very low levels, and show the stock turnover .

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