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?Inventory control also known as stock control, refers. the regulation of stock and flow of materials and. components in an efficient, effective and economical. manner.

Generally, inventory types can be grouped into four classifications: raw material, work-in-process, finished goods, and MRO goods. RAW MATERIALS Raw materials are inventory items that are used in the manufacturer's conversion process to produce components, subassemblies, or finished products.

An inventory control system contains a list of orders to be filled and then prompts workers to pick the necessary items, and provides them with packaging and shaping information, inventory control may be used to automate a sales order fulfillment process and also manage in and outward material of hardware.

How to Make an Inventory in Adobe PDF Launch Your Adobe PDF Software Application. Launch your Adobe PDF software application to start with your inventory spreadsheet. ... Create a Table. ... Fill Out the Inventory Templates with Details. ... Add Some Graphic Elements. ... Print Your Inventory Sheet.

To ensure a continuous supply of materials and stock so that production should not suffer at the time of customers demand. To avoid both overstocking and under-stocking of inventory. To maintain the availability of materials whenever and wherever required in enough quantity.

Inventory control, also known as stock control, refers to the process of managing a company's warehouse inventory levels. The inventory control process involves managing items from the moment they're ordered; throughout their storage, movement, and usage; and to their final destination or disposal.

Here are a few checkpoints for an inventory tracking audit: Physically count your inventory (electronic scanners can help a lot with this). Make sure the total numbers match with your spreadsheet or inventory management system. ... Perform cycle counts on a regular basis. ... Compare inventory numbers to your financial records.