Stock Control Software: 3 Types Of Monitoring Strategies

Stock Control Software is a system that helps you keep track of your inventory by monitoring the number of products in stock and notifying you when an item needs to be reordered. Stock management can be complex, mainly if many people use the same account or work on different shifts. This article will provide 3 types of Stock Control Monitoring Strategies:

Point Stock

Point Stock is where each item only gets one point. If the product goes over its points, it will be considered reordered, and any excess inventory counted as sold. The benefit of this strategy is that you can easily order more items and have them arrive simultaneously.

Cycle Stock

Cycle Stock is where each item gets an initial amount, and then it increments by the period. The benefit of this strategy is that you know how much to order based on your previous orders, making inventory easier to manage.

Planogram Stock

Planogram Stock is where each item gets an initial amount. Then, it decrements by the period. The benefit of this strategy is that you know how much to order based on your previous orders, making inventory easier to manage.