Why Stock Control Is Important For Small Businesses?
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ricard
Apprentice
Joined: 02 Jun 2004
Posts: 3
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 Posted: 10/04/07 - 05:59 Post subject: |
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| I started running a small business recently and it is about retailing goods and since it is not about drop shipping so therefore I need to hold stocks. Anyway the thing is that I was explained by some more experienced in this business that I need take some extra care of stock control if I want my business to develop so I would like to hear actually why stock control is important for small business? |
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valeria
Apprentice
Joined: 10 Dec 2004
Posts: 8
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| Posted: 11/08/07 - 22:25 Post subject: |
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| Controlling stock control has a lot to do with your business success especially regarding its daily operating –generally the problem is in unavailable stock that could cause the problems to all 3 sides –suppliers, buyers and to you of course. Anyway you should take a constant control of your stock especially regarding its costs such as insurance, funds costs as well as the costs of the damaged goods along with stock turnover rate analyze. I know it is pretty much job here to have a persistent stock control but you have there many help opt involving also setting up some stock control software as one of the forms of stock control systems such as online system but also custom built or paper based solution. |
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