Approaches and Objectives to Stock Control

  1. To minimise capital investment in inventory by eliminating excessive stocks;
  2. To ensure availability of needed inventory for uninterrupted production and for meeting consumer demand;
  3. To provide a scientific basis for planning of inventory needs;
  4. To tiding over the demand fluctuations by maintaining reasonable safety stock;
  5. To minimise risk of loss due to obsolescence, deterioration, etc.;
  6. To maintain necessary records for protecting against thefts, wastes leakages of inventories and to decide timely replenishment of stocks.
(Visited 99 times, 1 visits today)
Share this:

Written by