Tweets by ProFouad1 Career and Jobs: Inventory Management

Sunday, November 8, 2015

Inventory Management

Store optimally increases the turnover of a company. With inventory management principles, companies can ensure high stock turnover, optimize supply management and avoid over-stocking.


Management methods to efficiently store

To reduce storage costs and the various forms of waste, companies can apply different methods of Lean management, such as just-in-time, the control point or the Kanban method.

Inventory accounting

Companies can use different accounting methods, such as the calculation of the change in inventories, stocks inventory, inventory valuation and impairment of inventories in order to follow the evolution of stocks of goods.

Records management

There are two types of stocks in a company: goods and archives. The archiving of documents is very different from the management of goods, although the two activities are subject to strict regulations. Filing and archive conservation depend on their content.

Store digital archiving

With new technology, it is now possible to dematerialize archival documents and store them digitally. The electronic document management differs from archive management. Storage modes include online storage and use of storage drives. Another key way to store digitally is archiving emails, they have become one of the most used means of communication.

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