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(�� (8 pages, 1990 words) (�� �XY�ո2���%B*b� (�� (�� Checking Merchandise The spot check method X is a random check of one carton in a shipment. 216 0 obj <> endobj 242 0 obj <>/Filter/FlateDecode/ID[<6FC8B44D5FDC4C8D89902934814D2E1F>]/Index[216 55]/Info 215 0 R/Length 120/Prev 522193/Root 217 0 R/Size 271/Type/XRef/W[1 2 1]>>stream V{��E ��D��`��%���qb��m�Ԫ(�"�bd^��^ƣ�L"�+��ݱ����)k��S���~Zp�+�!��Ń���ZQN^����Z������.�z\��uA�2��/X|O�/��LA~D�15 �w��|��}������"�`�ѡl�ԫߐ��۲��*��WEq(����US�^�/fWu����doG��1`��Cx$q��Ω�x6Tq�C!�~�96��\��?���HGF# ��`Av*�De\���1|���y>3Y�j�j�����L!��QN��`���r/���ɪ���6O�Z�@��]�*%��O��Q!��8���� The Stock Control House Rules are an essential component of your HACCP based system and must be kept up to date at all times. <> %PDF-1.5 5.2 As a further control measure, regular random stock counts shall be arranged and ... approved Standard Operating Procedures for stock management. h��YkO���+��h5��m_�F�� ���eu1mHPbV˿�s���8�0,;w�����ꪮ���l�2�\�m�3�x�t��1�ʁ�5��lijW�3�u"�y���i40��[�1�X�{,a��F䘘y��S�Q�Qf�G���BG4���X#�,�6��cpY�������V����-|�Ÿ��]���L.����ͣ����eۑA���L'5^��F�16�޴���6:�fP��� �/2]���;���y����T�z��S�-��9%��\f��'�}{�����lX���La��pF��y�1��W��� ��D8�n�VХ��5�et��g����`VMjX^�������F�?����dZC��poow0��������Qv5�+4>g:?�ɰb�&��W��I=��|z�F�^�RU�r�p������������pzQ��ww��J)��3��C�}�w�RAYk�({��������{ �(�����z�9q��������hy�i�+�v./��������h��5W8�֊�|�V��O��G'?���w�㡼����&�2����u�(�T~Xƣ˝����L^�� INVENTORY CONTROL PROCEDURE Introduction, Roles and Responsibilities The effective maintenance and reporting of department fixed asset, maintenance material, equipment inventories and other agency’s assets require teamwork between offices and staff. %���� Stock control procedures - Learner guide 3 Developed by Workspace Training – adapted from the ‘Timber Toolbox’ e-learning resource Green, rough sawn oregon is a very stable timber, and is able to cope with being stacked in an open yard while it's waiting to be sold. endstream Effective stock control methods 1 0 obj <> Stock reviews . H��WMo�0�+. You should be able to use your system to track inventory levels, create orders and send out stock. 4 0 obj (�� (�� Stock control is the sum total of policies, practices and procedures that a firm follows to ensure that its stocks are kept at levels consistent both with meeting predetermined standards of service and with releasing funds for working capital. waste. direct check method The merchandise is checked directly against the actual invoice or purchase order. (�� endobj in an optimal manner. �!�GW��+Ѫ�r��6�o�g�w��2�}|�S���iF�ҏ����ŏ�䧾��~�c����� �|��}���imJX'�\8��+�zٯ���{1�ճ1��S1Ul�a��$����v�v�D��$��Ҍ0&K_%���'��E�n&�*� M��� �H�Vn8j�~��v��eL�����g�j�����o�1=��!�;%Ϟ�ge�[�ZxP����O�L��I���!i릮����W��p�z���������݇0 p��, endstream endobj 220 0 obj <>stream This Inventory Control Procedure should be utilized by purchasing, shipping, receiving, warehouse and accounting personnel. O6�m'�}h%�H�4f��'֌��j�&�L�X�Q�I|��(�=j?�.�����,�Y�}�����o����Sլ%w�L^o�_o�$�)7�o��y-�T�U��� Different methods for stock control management . (�� <> General Information: The Asset Management Personnel (AMP), in the Controller's office, under the Vice and understanding of stock control systems and the procedures for replenishing, moving, handling and storing stock within retail businesses. (�� stream Stock is controlled by procurement policies and procedures which supply live stock and by pruning procedures which clear out dead stock. The purpose of this manual is to set forth the regulations and procedures governing the control and reporting of capital and controlled assets. ��~X|F=��DGY��w/r�F4lDy�f���!�-�+�]��� �Xh (3) Not necessary to stop production for stock taking. (�� Objectives . business with no stock control procedures can have been 10% to 20% stock shrinkage or $20,000 to $40,000 of profit being lost to stock variances. GLH Credit value Level Observation(s) External paper(s) 11 2 1 0 0. endobj The President of the College shall appoint a Property Manager and … • Check regularly that stock control is being carried out (�� h�b``g``�c �K_P3�0p,`�h ��1��3H��3���t��'`�Ŏ7F�Q�n��|�r��ȃM&? Inventory Control Process Max / Min Inventory Control System •Set minimum and maximum inventory levels for items you want to keep in stock. 5 0 obj ����oy���oZ��y���`��y֏��SO������py��0Q�SG�}M/�W�ۘ~���y���7�Kz���~�,� ��� endobj (�� This procedure is faster than the blind check, but errors may not be found if the invoice is incorrect. Stock review - you have regular reviews of stock. {R����Z=ܝ #��\�÷-��T{sO����s����w�c�|1����p@��8[�k������1�Uȼ3 (�}ɩx� =��_�d�>�����[�Jp���1�~�T~#5n="$a�P���գ��Z� S��F��1�-N�e�t��b�t��F*Ac�qҳyľ�K.�Yv�5��>�T��ݑ��>��Y�|�i�j�0���m�{E_2�_In����ۣ���H��'�~ވ`;G�%C��f�. Financial policy and procedure manual template (DOCX 98.15 KB) Establish a stock control policy (�� 27 Flow Scheme Material Handling Procedure 28 Material Control by Means of Computer (Piping) 28.1 The site computerized material Stock Control System is programmed for: A stock inventory control template serves the basic function of helping a business to achieve efficient organization capabilities by helping to track all its goods, implements, resources, tools, etc. Here are some of the different methods, both tried and tested and new, around how to best manage your stock levels for the type of business you have. Stock control. 4/2010 INVENTORY POLICY AND PROCEDURE Policy The Inventory Policy establishes a process for the recording, identification, and accountability of all College owned furnishings and movable equipment items (Equipment) having a minimum cost of $200 each and a life expectancy of over two years. UV10351_v2. 10 Policy for Capitalization and Inventory Control (issued by the Chancellor, June 1 9, 1989, revised by the Board of Regents, June 9, 1995, July 7, 2000, June 19, 2014). Minimum stock level - you identify a minimum stock level, and re-order when stock reaches that level. ]c\RbKSTQ�� C''Q6.6QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ�� x " �� %PDF-1.7 %���� (�� <> On completion of this unit you will: Learning outcomes Evidence requirements Understanding the control, handling and replenishment of stock in a retail business 1. If there is a difference in interpretation between this procedure and the one stated above, the procedure which gives greater protection takes precedence. listing of all purchases of inventory items from January 2015 through March 2015. PROPERTY INVENTORY & WAREHOUSES CONTROL POLICIES AND PROCEDURES Policy Statement The Property Inventory and Warehouses Control Department (PIWC) aims to provide efficient, quality services to the University and is responsible for accounting for all the University’s moveable assets. However, many of the control procedures for receiving and storing supplies and equipment detailed in this supplement are applicable to the requirement for protecting the assets of the school and can be modified to meet the school’s objectives. The management of every econo mic sector gained interest after World War II to study inventory management system due to much risk factor and uncertainty. We performed the following testwork: Inventory Control Receiving: We obtained a . h�bbd``b`V��@���8���r�k�`y���@b�@�� �@�� �T ! (�� Let’s say a product you stocked didn’t sell well. !��6�{���,9��[Ȝ�|��{~$�5 ,a�\P����� � ��6aP����k�c���#B��@��= !�"��6"��B�����lHtO���a�Vv&z� food, new stock might be used . This programme highlights the importance of managing the stores effectively. 3 0 obj In inventory control procedures, there should be point persons who have the authority to command people on the proper inventory item usages. At every review you place an order to return stocks to a predetermined level. 7�Zg�޴yMI���-g8g��I�zѼz�^[�6=K��_d�f�g�� 2m�֌�_ҏ���:W�f��p������3U�G�.�;�n2[�x��f��|�P���̩����h���Q ��)��R���;�Rf��:���� before old stock. control state, p. 194 cost of goods sold (COgs), p. 207 first in, first out (FiFO), p. 193 inventory turnover rate, p. 207 last in, first out (LiFO), p. 193 lead time, p. 198 license state, p. 194 order point, p. 198 perpetual inventory, p. 192 physical inventory, p. 191 rotation, p. 201 safety level, p. 198 M08_NRAM5738_01_SE_C08.indd 189 3/13/12 3:28 PM. ��&�"��}�4��0�F�7e"���%�y�k�%pD�� �y�6��O��i�0n9j��Y! Get rid of unneeded stock. H�&:��#�D��D/�X�:�/�Dd�+��BD�`mû�& (4) It assists to minimize pilferage and fraudulent practices. (�� Not all inventory control procedures are ideal for every business or for the varying stages of an organization’s growth and development. Inventory Controllers, Store Managers and Officers who are interested to acquire knowledge and skills in controlling the store activities and operations, will find the programme useful and beneficial. (�� (�� �� � w !1AQaq"2�B���� #3R�br� Stock control procedures and system as well as the affect the economy of an organisation. Inventory control is one such consequence. (��j�i�Һ (�� �d$��ֳ�]=��7�����ipY'��x�c����T�Kr��m������]�Z8�?ʹ�*��$9�u:�r3���g��+5*�%�;D�(�N�P�ޛ��/����r��Ci�y�fەs��9����ףqY0>�Y�17p����!=+̇�#�K@����F� �J��J��X"� `���uFt&��!�g$+��9K��fԟ{k�^a��S�4�f���F6�?b��S��v@�Df�ɬ�»vH�t�ϵrg6s�ݴ)�l̪��̪�!18Q!�8׺�F]������['/������9���ȫ�&G��bΕuca�Q%=�]42��.-ѱ��5T�p������ă�:�O��W��h�֤�k��s���j��p�8�qr�hi�%��yȹW�[�*�'9�h�7v��8����,�������M�^� R��Y���t�[�!q�Mz�F|)�{� �����>�}�d�&�-��:�j!��[���a��@,�R���Mq/I�H�枹'�&X%��^�s�؆I���C%ƓR��)��u_BomK���XpS�e��. • Follow the ‘first in, first out’ system of stock rotation, so that older stock is used first. 2 0 obj Your business will take regular stock reviews to establish whether new stock must be ordered. • The Bernalillo County Inventory Control Policy and Procedures dated January 2015; and, • Year-End Inventory Closeout 2014 process. e 0d#~ endstream endobj 217 0 obj <>>>/Lang(en)/MarkInfo<>/Metadata 9 0 R/Names 244 0 R/Outlines 265 0 R/PageLayout/SinglePage/PageMode/UseOutlines/Pages 212 0 R/StructTreeRoot 23 0 R/Type/Catalog/ViewerPreferences<>>> endobj 218 0 obj <>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/Rotate 0/StructParents 243/Tabs/S/Thumb 7 0 R/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 219 0 obj <>stream %&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz��������������������������������������������������������������������������� The Inventory Control Procedure outlines guidelines for controlling inventory stock for ultimate salability, usability and traceability, and ensuring efficient selection and delivery of products. document their inventory policy in accordance with USM Policy 240.0 V Ill-I. �� endstream endobj startxref 0 %%EOF 270 0 obj <>stream ���� JFIF �� Ducky Z �� C We selected a statistical sample from each Warehouse (Automotive, Signage, MDC, YSC and … (�� x���]k�P�� ���9=��4�]�ۺ�#�]�]��M�{M̠�~�j��C!�-K����s�h�Jk�D:@ �jؕi���4AX��h�Q�Q��E��H�� � �D�:�5�m�\�l�����:����5��E{j�´@�\�s��0���Y������8 v :����t���eӔ� (�� [$�#Afd �� ��� ���@���O@� �*���f`bdHic`�!���&�? While the majority of hospitality business owners recognise the benefits of stock control many find it difficult to implement it in their business. �� � } !1AQa"q2���#B��R��$3br� (D;�0�@Meg`?W 1����,�Ȁ |d`���ed���F.Hۓ�pU�^CU�Ҭ�{s��Y�|�=�n��3� (�� stream This is known as the Re-order Level. This domination will allow the smooth and appropriate execution of the inventory control. An equivalent term is inventory management; control was at one time based on periodic countings and listings of stock on hand, and as the lists were called ‘inventories’, control of the things listed came to be called ‘inventory management’. (�� It is intended to assist personnel in implementing and maintaining an effective property control program. endobj Marketing Essentials Chapter 24, Section 24.1 . • Train your staff in stock control and make sure they know in what order to use foods. There’s no point leaving it … (5) It enables to reconcile the stock records and document for accuracy. Some methods are too complicated, especially for smaller companies. This helps to avoid . (�� Policies & Procedures Rev. ���D8*�:T �E�RE!_Bk�%�9�LĞ�O ��ɦ/�Z�qq1t�6b[�@EHj����Y��D�)����x��������� �2���ZDz��!�A���Y-��]�Ah��'������ ��S�P�w�h���NnI ���=� �ݨCt����Jy}ν��'�@h�6v��x� �Osލ�������My.l��b IJ�� ���۠��R|)���u�:4����X}�U�dVy���e=^̙@ĭO�s���&=�b;�6��FF��2u��-�)9��D��2]���S�M �]�B:&r��,S��B��xua>���0�m��0qQp�w�5B�N�b�B����~�D#9�J.��]���"�U�_�����.� �Y��/��hw�˘��������������&;��h�|0��뽛�����K?