Stock control is important because it prevents retailers from running out of products, according to the Houston Chronicle. Stock control also helps retailers keep track of goods that may have been lost or stolen.Know More
The Houston Chronicle adds that stock control requires monitoring current stock levels, ordered items and products that have been sold. Stock control helps retailers provide a steady supply of products to satisfy customer demand. A lack of items in a store forces customers to look elsewhere, which means lost revenue and bolstering the competition. Monitoring orders on a constant basis also allows owners and managers to order items at certain periods of the year to prepare for holiday or seasonal demand.
The Houston Chronicle notes stock control prevents "shrinkage," which occurs when products have mysteriously vanished through theft or misplacement of inventory. Identifying shrinkage through stock control allows security improvements to be made in the store and store procedures for tracking goods to be enhanced.Learn more about Managing a Business
To start a freight forwarding business, become an expert in the international freight transportation business; develop solid administrative and communication skills; understand freight transportation documentation and regulations; and obtain required licensing and certifications, according to Vanessa Cross for the Houston Chronicle. It is also helpful to specialize in a particular mode of transportation.Full Answer >
To announce a business closure or liquidation, notify the employees, suppliers and customers by letter, explains the Houston Chronicle. Business closure letters are signed and dated by the owners or top executives. They include the date of the closure and the reason the business is closing its doors.Full Answer >
The first step in getting a small business startup bonded is to create a list of services the company provides for its clients so the bonding company can estimate a premium, according to Candace Webb of the Houston Chronicle. Once a comprehensive list is created, contact bonding companies for quotes.Full Answer >
Supply chain management is the collaboration of manufacturers, wholesalers and retailers to deliver the best value to consumers in a particular trade channel or market. By collaborating on logistics, planning and transportation trade members reduce the cost structure of distribution, which improves profits and minimizes consumer prices.Full Answer >