Constantly updating stock prices Voyeur web camera live
It's quite a complex calculation, so you may find it easier to use stock control software.
Batch control - managing the production of goods in batches.
The type of stock can influence how much you should keep - see the page in this guide on how much stock you should keep.
Stock value You can categorise stock further, according to its value.
Just In Time (JIT) - this aims to reduce costs by cutting stock to a minimum.
Items are delivered when they are needed and used immediately.
Deciding how much stock to keep depends on the size and nature of your business, and the type of stock involved.
If you are short of space, you may be able to buy stock in bulk and then pay a fee to your supplier to store it, calling it off as and when needed.
This guide explains different stock control methods, shows you how to set one up and tells you where to find more information.
For example, you could put items into low, medium and high value categories.
If your stock levels are limited by capital, this will help you to plan expenditure on new and replacement stock.
Checking stock more frequently - a rolling inventory - avoids a massive annual exercise, but demands constant attention throughout the year.
Radio Frequency Identification (RFID) tagging using handheld readers can offer a simple and efficient way to maintain a continuous check on inventory.