Unit__Inventory_Control.docVIP

Unit Five Inventory Control Part one Text Inventory Control Inventory control, otherwise known as stock control, is used to show how much inventory you have at any one time, and how you keep track of it 1. It applies to every item you use to produce a product or service, from raw materials to finished goods. It covers inventory at every stage of the production process, from purchase and delivery to using and re-ordering the inventory. Efficient inventory control allows you to have the right amount of inventory in the right place at the right time. It ensures that capital is not tied up un