Post by Obafemi EMILOLA, FIMC, CMC® (@ObafemiEmilola)

YOUR STOCK RECORDS SHOULD MATCH YOUR PHYSICAL STOCK.

Imagine your records say you have 100 units, but when you check the warehouse, you find only 70. Where did the other 30 go?
Accurate inventory records help businesses know what they actually have, plan purchases properly and avoid unnecessary surprises.

If your records don't match what is on the shelf, you have a problem.

How often does your business check its actual stock against its records?

YOUR STOCK RECORDS SHOULD MATCH YOUR PHYSICAL STOCK. Imagine your records say you have 100 units, b...

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Comments

Chinenye: Exactly
It should ooo
Taking stock is also important
Okoh Godwin Ekah: Check and balancing stuff, very paramount for transparency and business profitability and growth.👍
Dordiase: And requisition voucher is very necessary for book keeping.
CSO intl: There should be a question for record purpose