stock control


stock control
= inventory control
Regulation of the inventory (stock-in-trade) of a company so that all components or items are available without delay but without tying up unnecessarily large sums of money. Stock control is a discipline well suited to computerization. Many large manufacturers, retailers, etc. , have a computerized stock-control system with automatic reordering when the stock of an item reaches a predetermined low level. In retail supermarkets, for example, the act of registering a sale at the check-out reduces the quantity of that item on the computer-held stock record; new deliveries are entered as they arrive. Thus, the stock at any instant can be read from the computer. A periodic check of the actual stock reveals the extent of pilfering. See also perpetual inventory

Big dictionary of business and management. 2014.

Look at other dictionaries:

  • stock control — UK US noun [uncountable] the activity of checking a shop’s stock Thesaurus: activity of sellinghyponym …   Useful english dictionary

  • stock control — the method of determining how much stock should be held and how much needs to be reordered and when, with the aim of controlling stock holding costs while maintaining efficient operation of the business. Glossary of Business Terms * * * stock… …   Financial and business terms

  • stock control — atsargų kontrolė statusas T sritis Gynyba apibrėžtis Inventorizacijos duomenų apie gautų, turimų ir išduotų materialinių priemonių ir įrangos kiekį, sandėliavimo vietą ir tiekimo sąlygas apskaita, tvarkoma siekiant nustatyti turimų materialinių… …   NATO terminų aiškinamasis žodynas

  • stock control — N UNCOUNT Stock control is the activity of making sure that a company always has exactly the right amount of goods available to sell …   English dictionary

  • stock control — stock con,trol noun uncount the activity of checking a store s STOCK …   Usage of the words and phrases in modern English

  • stock control — / stɒk kənˌtrəυl/ noun the process of making sure that the correct level of stock is maintained, to be able to meet demand while keeping the costs of holding stock to a minimum (NOTE: The US term is inventory control.) …   Dictionary of banking and finance

  • stock control — / stɒk kənˌtrəυl/ noun the process of making sure that the correct level of stock is maintained, to be able to meet demand while keeping the costs of holding stock to a minimum …   Marketing dictionary in english

  • stock control — UK / US noun [uncountable] the activity of checking a shop s stock …   English dictionary

  • stock control — Process of maintaining inventory data on the quantity, location, and condition of supplies and equipment due in, on hand, and due out, to determine quantities of material and equipment available and/or required for issue and to facilitate… …   Military dictionary

  • stock control — See: inventory control …   Accounting dictionary