how to maintain the stock actual and system base

Question

Accepted Answer

To maintain stock actual and system base, regular stock audits should be conducted, discrepancies should be investigated and resolved, and proper inventory management systems should be implemented.

Conduct regular stock audits to compare the actual stock with the system records.
Investigate and resolve any discrepancies found during the stock audits.
Implement proper inventory management systems to track stock levels accurately.
Use barcode or RFID technology to improve stock accuracy.
Train staff on proper stock management procedures to minimize errors.
Implement a system for receiving and recording stock accurately.
Regularly update stock records to reflect any changes or adjustments.
Implement a system for stock reconciliation to identify and resolve discrepancies.
Monitor stock levels closely to avoid overstocking or stockouts.
Establish clear procedures for stock movement and ensure proper documentation.
Implement a system for stock rotation to prevent expired or obsolete stock.
Regularly review and analyze stock data to identify trends and make informed decisions.

Accepted Answer

Daily base inventory cycle base propeller issue material date wise etc

how to maintain the stock actual and system base

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