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Inventory / Stock Accounting & Control

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Inventory / Stock Accounting & Control

Accurate inventory control protects profits and improves operations.

Inventory is often a significant asset—effective control reduces shrinkage and supports sales planning.

Inventory Valuation Methods:

Apply FIFO, LIFO, or weighted average methods for accurate cost accounting.

Stock Movement Tracking:

Record and monitor all inventory inflows and outflows.

Physical Stock Count Coordination:

Organize regular stock takes to validate records.

Inventory Reconciliation & Adjustments:

Correct discrepancies between physical counts and records.

Obsolescence & Slow-Moving Stock Analysis:

Identify and address slow or obsolete inventory.

Warehouse & Logistics Coordination:

Integrate inventory management with operational logistics.

Integration with Procurement & Sales Systems:

Synchronize inventory data across departments.
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