Stock Control


The aim of stock control is to ensure stock levels remain accurate and there is sufficient stock available to meet its own needs and those of consumers. Key focus should be placed on this activity to ensure stocks are not too high, to minimise waste and to optimise the overall cost of the holding stock. Having too high or too low a stock can be harmful; too high a stock level represent money tied up and can impact on cash flow whereas too low stocks could result in not being able to satisfy order demand.

CIPS Procurement Topics

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Economic Production Quantity (EPQ)

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Vendor Managed Inventory

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Just-In-Time (JIT)

If you produce only what you need when you need it, then there is no room for error (Russell and Taylor)

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