Stock Control

The aim of stock control is to control sufficient quantity and quality of stocks to enable production and sales to continue while at the same time minimising costs.

Types of stock will in part depend on the kind of product or service being provided. There are however, three principal types listed below:

• Raw materials and components to be used in the making of products.
• Partly finished goods (referred to as work in progress) that are awaiting the next stage of production.
• Finished goods consisting of products ready for sale.