This module offers a comprehensive overview of inventory management from the time of order to stock taking and stock adjustment.
Contents:
- Prepare goods received note for the items received in the organization
- Allocate the goods according to item code if applicable
- Enter the goods purchased into the inventory register and track the sales of the items in inventory
- Identify reorder level and raise purchase orders
- Stock take and inventory adjustments
- Accounting for loss for obsolete and damaged items in an inventory
Learning Outcomes
Enter Inventory
Reconcile Inventory
Track Inventory
Record Journal Entries for closing stock/ loss of inventory / stock adjustment etc