Stock Control
The systematic administration of stock levels with respect to quantity at all times.
Stock Keeping Unit ...
Stock control account - An account held in the general ledger which holds the value of all the stock held in the inventory subsidiary ledger.
Stock control is how an organization ensures that its stocks are at levels that meet predetermined standards of service and allow funds to be released as working capital.
Stock control improves because with exact sales data a retailer knows exactly how much of any given item is available at any given locations as well as how fsat items are selling at each location.
While most approvals are for specific locations, in some cases approval can be given to a company and its commercial accounting and stock control systems. In these cases the approval is not linked to a specific location.
 See also: Forecasting, Mergers, Internal audit, Financial risk, Joint venture
  
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