A Detailed Guide About Stock Management

Stock management (ระบบ สต๊อก สินค้า, which is the term in Thai) is the process of monitoring and controlling the levels of inventory in a company. It is a process based on several factors including demand for the product, lead times, and production capacity. This process helps to improve efficiency and reduce costs for organizations.

Stock Management: Detailed Info

In the past, the stock was managed by physically counting inventory and checking off items as they were sold. With the advent of technology, this process has been automated. Some organizations use barcodes to automate the process but it still requires human input to scan and identify the appropriate parcel label.

RFID tags are more advanced and can be used to automate the whole process, from identifying the parcels to printing labels. This system of management can be integrated with other systems like accounting software, CRM, ERP, etc. It can help managers keep track of their stocks so they know when they need to order more from their suppliers or when they need to increase production if there are too many products left unsold at the end of each day.

To keep track of parcels, companies need to keep records of what they have in stock and where it is located. This system can be either manual or computerized depending on how large the company is.

Manual stock management would involve using pen and paper while computerized one would use software like SAP ERP or Oracle ERP which has features like inventory control, ordering, customer service, production control, etc

What Is A Label Parcel?

Labels are the most important part of any parcel. They are used to identify the package and provide a barcode for the package. They are usually on a piece of paper or card which is then covered with a plastic film to protect it from water and dirt.

  • A label parcel (จ่าหน้าพัสดุ, term in Thai) is a parcel that has been labeled with information about its contents and sender.
  • The process of labeling parcels is a time-consuming and tedious task that takes up a lot of an employee’s time. This is where an automated solution can come in handy.
  • The label should be affixed to the parcel in such a way that it is visible and easy to read.

Conclusion

Stock management is an important part of the business for any retailer or manufacturer. Retailers need to maintain an accurate count of their stock levels to avoid running out of stock and incurring losses and here it comes in handy.

Greene Ralph

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