Stock control (also called inventory control) is used to manage levels stock and track it through a production process. It is used to control all the items used to produce a product or service, ranging from the raw materials to the finished goods. It tracks stock through every stage of a production process, including purchase, delivery, using and re-ordering.
Stock control software is used to manage this process and to ensure the most efficient processes are used when ordering and using stock to ensure there is no waste or other mismanagement. This type of software is used to automate the stock control process and can help a company to grow by saving on costs and reducing revenue loss from cancelled orders.
The software has features that ensures that capital is not tied up unnecessarily because of overstocking as well as being able to identify the cause of any problems that occur in the supply chain.
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