In these article we are going to look into how to keep a store record not only by keeping a store record any way, but by also ensuring to keep a correct and exact record at all times.
Mind you if you are interested in the business of owning a warehouse, provision store and businesses that has to-do with keeping of goods in ware houses for a period of time to come.
This blog post is for you, because in a big investment keeping a store record in a company, organization (this can be inform of organization of farmers who cultivate and store crops and foods in bulk) firms of been managed by what we call the stock management department.
Workers in the stock department are known to keep this records with books, drafting sheet and piece of paper.
By doing so, it will now serve as a help to them whenever their want to remember the list of goods (products) that is still available, and when cross-checking, they just have to glance through the records which was been taken before.
So as a business owner who store goods in bulk this is for you as am now going into the documents that is needed in the stick department.
Documents needed in a stock department
first of all you are to take note that in stock department there different types of documents you can see, it's not just a paper and pen.
1. Stock Requisition Form
As a business owner, trader students and apprentice, you should be able to know the use of a stick requisition form.
The stock requisition form looks more like an invoice but it is not an invoice because it doesn't serve or provide the need of an invoice, instead it serves the use of recording the goods you collect from a store or warehouse.
A times when a department in a company need something from the stock department this is the form their use in order to get what they actually want from the company.
This is why you see the list of items, details of goods, number of goods required and the quantity in a stock requisition form.
2. Stock Card
The stock Card is another document you need to have in a ware house or in your store as a business manager or chief executive at the stock records department of a company or an organization you represent.
This is because stock Card is a document that is used for each an every item in warehouses.
3. Purchase Requisition Form
Purchase requisition form is a document that serve the need of informing the general manager of a good you need to buy in other to replenish the store or warehouse.
And before you do this you have to fill the details that says dates, Details of goods to buy, a proof of receipts that was used in purchasing the first goods, requisition number and lastly the balance of goods remaining in the companies store.
What Is store record In Business Studies?
Actually means the process in which a business owner or workers in a company takes count of the number of goods available and the ability to take note of the ones unavailable.
Well next time we are going to be looking at the importance of store records and store control.
