Overview
Explain different methods of controlling stock; Explain the different levels of control; Explain different ways of issuing stock.
What you'll learn
- Methods of stock control:
- Manual methods
- Perpetual methods
- Periodic method
- Stock taking, etc.
- Computerized methods
- Level of stock control
- Maximum
- Minimum
- Re-order level
- Issuing of stock
- First in first-out < FIFO>
- Last in first -out < LIFO>