Description
Stock taking Means physically verifying the entirestock / inventory of an organization, comparing it with the Book Value and Working out the correct value.
STOCK TAKING
It Means physically verifying the entire stock / inventory of an organization, comparing it with the * Book Value and * Working out the correct value
WHY ?
STOCK TAKING
Law makes it Mandatory Leakage and Shortage can be foun Banker’s Demand it Position of Stock of Commodity gro Inflation Rate in the range can be a Condition of stock can be checked Trading Account / Balance Sheet re
WHY ?
L L B P I C T
STOCK TAKING
aw makes it Mandatory eakage and Shortage can be fou anker’s Demand it osition of Stock of Commodity g nflation Rate in the range can b ondition of stock can be checke rading Account / Balance Sheet
WHO ? DOES STOCK TAKING ?
Duty of Executive Management Directors / Managing Committee Members etc
Done by Staff
HOW ?
STOCK TAKING
How to organise Stock taking in SALE FLOOR
O Number all Racks/Gondolas/Shelves O Make Teams of two O Print Stock-taking form / Printout in Triplicate Sr/Rack No./Item/Rate/No.of Pcs/Value/Monthly sale/MRP O Formats must to be ready, 10 days before the Stock taking O Stock to be arranged in Vertical Display
O If No Computer, floor staff to fill up columns except last 3 O Old & Damaged Stock to be sold at Discount before 1 month O Racks should be arranged in the principle of Block Stacking O One member of team to call items loudly & other to write
HOW ? STOCK TAKING
How to organise Stock taking in GODOWN # Three days before Stock taking all loose items should
go to Sales Floor
# Items which are not transferable to Sales Floor should
be packed with slip indicating - items, quantity and rate
# Loose items if any should be in round value
e.g ½ Quintal of Rice, ¼ Quintal of Sugar etc.
These Techniques are applicable to SUPERMARKETS or Self Service Shops & Godown attached and not for Medical Section and Textile Section
VALUATION OF STOCK TAKING STATEMENT
CERTIFICATION SHORTAGE / LEAKAGE
STOCK TAKING AND TRANSFER OF STAFF
DISPOSAL OF OLD AND DAMAGED STOCK EVALUATION OF STOCK TAKING
MANAGEMENT ASPECT
AT C C O U N T IE N G A S P C
UNIT CONTROL SYSTEM VALUE CONTROL SYSTEM
UNIT CONTROL SYSTEM
Name of the Item ________________________
Date Bill No. Qt Stock Purchase Qt Stock Sold Balance Remark
UNIT CONTROL SYSTEM
Actual Quantity can be known
Over Stocking can be avoided
Purchase can be more scientific
Shortage and excess can be known
Employees can be accountable
UNIT CONTROL SYSTEM
Because of more SKUs, maintaining daily summary is too big In Large scale retailing, Unit control is impossible task It is too laborious It requires lot of Stationery
It is more expensive
VALUE CONTROL SYSTEM
VALUE CONTROL SYSTEM
It does not require item wise sales summary Every day nor stock register Only Sales amount is required
It is less laborious, less cumbersome
It is economical
Creates a psychological responsibility of the Sales staff
VALUE CONTROL SYSTEM
It does not help in knowing the volume of various items sold and also the balance Since the stock position is not known There can be Stock-out or Excess stock
After Stock taking, Shortage can be arrived But shortage of items can not be traced Manipulations by dishonest staff becomes difficult to be detected
STOCK CONTROL
KNOW THE EXACT DEMAND OF EACH ITEM NOTE THE DEMAND KNOW STOCK DAYS & STOCK TURN
TIMELY DISPOSAL - OLD, OBSOLETE & DAMAGED STOCK
INSECT PRONE ITEMS WOODEN PALLETS PACK AS REQUIRED- REQUIREMENT V/S UNIT LANDING PLACE V/S GODOWN CENTRALIZED PURCHASE WITH DECEN. DELIVERY
POST STOCK-TAKING REVIEWREASONS OF SHORTAGE & EXCESS
doc_616167704.ppt
Stock taking Means physically verifying the entirestock / inventory of an organization, comparing it with the Book Value and Working out the correct value.
STOCK TAKING
It Means physically verifying the entire stock / inventory of an organization, comparing it with the * Book Value and * Working out the correct value
WHY ?
STOCK TAKING
Law makes it Mandatory Leakage and Shortage can be foun Banker’s Demand it Position of Stock of Commodity gro Inflation Rate in the range can be a Condition of stock can be checked Trading Account / Balance Sheet re
WHY ?
L L B P I C T
STOCK TAKING
aw makes it Mandatory eakage and Shortage can be fou anker’s Demand it osition of Stock of Commodity g nflation Rate in the range can b ondition of stock can be checke rading Account / Balance Sheet
WHO ? DOES STOCK TAKING ?
Duty of Executive Management Directors / Managing Committee Members etc
Done by Staff
HOW ?
STOCK TAKING
How to organise Stock taking in SALE FLOOR
O Number all Racks/Gondolas/Shelves O Make Teams of two O Print Stock-taking form / Printout in Triplicate Sr/Rack No./Item/Rate/No.of Pcs/Value/Monthly sale/MRP O Formats must to be ready, 10 days before the Stock taking O Stock to be arranged in Vertical Display
O If No Computer, floor staff to fill up columns except last 3 O Old & Damaged Stock to be sold at Discount before 1 month O Racks should be arranged in the principle of Block Stacking O One member of team to call items loudly & other to write
HOW ? STOCK TAKING
How to organise Stock taking in GODOWN # Three days before Stock taking all loose items should
go to Sales Floor
# Items which are not transferable to Sales Floor should
be packed with slip indicating - items, quantity and rate
# Loose items if any should be in round value
e.g ½ Quintal of Rice, ¼ Quintal of Sugar etc.
These Techniques are applicable to SUPERMARKETS or Self Service Shops & Godown attached and not for Medical Section and Textile Section
VALUATION OF STOCK TAKING STATEMENT
CERTIFICATION SHORTAGE / LEAKAGE
STOCK TAKING AND TRANSFER OF STAFF
DISPOSAL OF OLD AND DAMAGED STOCK EVALUATION OF STOCK TAKING
MANAGEMENT ASPECT
AT C C O U N T IE N G A S P C
UNIT CONTROL SYSTEM VALUE CONTROL SYSTEM
UNIT CONTROL SYSTEM
Name of the Item ________________________
Date Bill No. Qt Stock Purchase Qt Stock Sold Balance Remark
UNIT CONTROL SYSTEM
Actual Quantity can be known
Over Stocking can be avoided
Purchase can be more scientific
Shortage and excess can be known
Employees can be accountable
UNIT CONTROL SYSTEM
Because of more SKUs, maintaining daily summary is too big In Large scale retailing, Unit control is impossible task It is too laborious It requires lot of Stationery
It is more expensive
VALUE CONTROL SYSTEM
VALUE CONTROL SYSTEM
It does not require item wise sales summary Every day nor stock register Only Sales amount is required
It is less laborious, less cumbersome
It is economical
Creates a psychological responsibility of the Sales staff
VALUE CONTROL SYSTEM
It does not help in knowing the volume of various items sold and also the balance Since the stock position is not known There can be Stock-out or Excess stock
After Stock taking, Shortage can be arrived But shortage of items can not be traced Manipulations by dishonest staff becomes difficult to be detected
STOCK CONTROL
KNOW THE EXACT DEMAND OF EACH ITEM NOTE THE DEMAND KNOW STOCK DAYS & STOCK TURN
TIMELY DISPOSAL - OLD, OBSOLETE & DAMAGED STOCK
INSECT PRONE ITEMS WOODEN PALLETS PACK AS REQUIRED- REQUIREMENT V/S UNIT LANDING PLACE V/S GODOWN CENTRALIZED PURCHASE WITH DECEN. DELIVERY
POST STOCK-TAKING REVIEWREASONS OF SHORTAGE & EXCESS
doc_616167704.ppt