Free short course · about 30 minutes
Fundamentals of Stock Control
Stock is money sitting on a shelf. In about 30 minutes you will learn how to count it properly, measure how accurate your records are, work out when to re-order, and spot stock going missing.
What you will learn
- Explain why the stock record and the shelf must match, and what a variance is
- Count stock in a way that other people can trust
- Work out a count accuracy percentage for a shelf or a store
- Calculate a simple re-order point using daily sales and lead time
- Explain what shrinkage is and what to do when you find it