Why is it important to take inventory?

Why is it important to take inventory?

It is important Know how to identify which products are selling and which are not. One inventory will make it possible to highlight: – unsold stocks, linked to prices that are too high or to a bad location; -stock shortages, for products that are highly prized or positioned in the right location.

What is the inventory procedure?

It is the counting of all the quantities in stock and in all the stores at the end of each accounting year It meets a legal obligation It is costly for the company 7 3. INVENTORY PROCEDURE

How to properly manage your inventory?

3. Set up the counting cycle To properly manage your inventory, you can rely on stock management software. It’s a real time saver, in addition to offering you a complete view of the status of your stocks in real time.

What are the objectives of the inventory?

It is the counting of all the quantities in stock and in all the stores at the end of each accounting year It meets a legal obligation It is costly for the company 7 3. INVENTORY PROCEDURE 8 PROCEDURE D INVENTORY MUST EXPLAIN 9 The objectives of the inventory (stock regularization, optimization

What is Inventory?

DEFINITION The inventory is the manual count of the quantities of stored goods The main objective of this count is to make a comparison between the theoretical stock and the physical stock in order to unseal the differences in quantities, the dormant stocks… 3 2. THE MAIN TYPES OF INVENTORY 4 Annual Turnaround