Stock management: The Success Key to Deliver Manufactured Goods
Saturday, May 8, 2010
A big company which engages itself in the manufacturing of goods and raw materials can succeed in the race of delivering the finished products through efficient stock management of the workers.
There are mainly three types of stocks which need to be managed carefully for the development of the company. The stocks which are managed or handled in stock management are also called inventories. So we can say stock management and inventory management go in a same queue to work for their respective companies. The stocks or the inventories are managed in a warehouse. The warehouse act as a storage place for those stocks which have been finished manufacturing. There are three main types of stocks which are managed in a stock management house. These are as follows:
The inputs for the stocks of raw materials which have been ordered from a customer's end
The stocks of raw materials whose work is in progress.
The finished stocks whose manufacturing is complete and is ready to be packed and shipped to the far end customer.
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