Friday, April 27, 2012, AM | 1 Comment
Stock management is not just about managing products by the manufacturer; it entails other duties as well. The process aims at fulfilling other aspects that are considered integral for smooth running of a business.
Let us talk from the consumer’s perspective and find out how things really work when it comes to stock management; say you are consumer, would you like to purchase goods that are not well-packaged?
Instead you will look for smartly packaged goods. A well packaged product is definitely chosen over a one that lacks a polished finish.
A manufacturing business entails several functional divisions that mainly deliver an assorted range of services. However, not all manufacturers have separate divisions that carry out tasks such as stock management, packaging and more.
In such situations the role of the fulfillment service provider comes into play. Fulfillment services entail all duties that relate to shouldering tasks of storing, tracking, packing and shipping of goods.
Fulfillment professionals offer stock management services that comprise of stock monitoring and tracking. So what is stock monitoring? Say, you are a manufacturer and have appointed a fulfillment service provider to take care of your stock.
Definitely it is understandable that you would look for reliable services. The professionals would see to it that the goods are stored carefully and that no damage occurs while the later is under the supervision of the former.
They are exactly aware of the place where the goods are stored. They even inform you on goods that need to be restocked at an earlier date. Most importantly these tasks are handled by professionals for maximum traceability and protection.
Fulfillment service providers even offer you the benefit of allocating selling price for goods and inform you from time to time about goods that are most sold and those that have reached a minimum level and needs refilling at once.
Stock control plays an integral role for a business and the process is quite complex. The professionals play a vital role in informing you about damaged stock. They even see to it that any unreliable data on stock are eliminated at the earliest. The process comprises optimum efficacy in maintaining stock.
Today’s stock management entails the use of advanced technology with the help of which all aspects are looked after perfectly.
Some of the major services of a fulfillment solution provider that also offer stock control services are given below:
- Stock control
- Inventory management