This unit is based on preparation of stock cards for every item of the inventory from the order of re acquisition
- Determine stock cards for each item of inventory and recording movement of stock card
- Complete order for items that drop below the minimum stock level
- Recording value of stock on hand on the stock cards completed in Task 1
INTRODUCTION
This project report is made on Controlling stocks and supplies of a medical Outlet. For the management of the inventory and meeting the minimum inventory level requirement the business has adopted certain models and process. It is very significant for every business to control the levels of inventory in the organisation and the maintain the levels of stock in the Business so that the operations of the company are not hindered and the goods are provided to the consumers as and when the demand arises.
This project report has shown the preparation of completed stock cards for the each item that is in the inventory and recording the movement of stocks on the inventory cards from the orders of reacquisition. This report also discussed about Completed order for items that drop below the minimum inventory level required by the company. Finally, recording the value of stock and making an estimation about the inventory Amount in the accounts of business.
TASK 1
1.1: Completing stock cards for each item of Inventory and record the movement of stock on the stock cards from requisition orders
Stock Control Card |
|||||
Item: Microshield Handwash |
Max stock |
100 |
|||
Min stock |
50 |
||||
Stock no. |
1 |
||||
Supplier: |
Livingstone |
||||
Date |
Requisition no. |
In |
Out |
Initials |
Balance |
100 |
|||||
15/Aug |
1 |
10 |
90 |
||
16/Aug |
2 |
15 |
75 |
||
21/Aug |
4 |
10 |
65 |
||
23/Aug |
5 |
15 |
50 |
||
Reorder |
50 |
100 |
|||
29/Aug |
6 |
4 |
96 |
||
31/Aug |
8 |
20 |
76 |
||
31/Aug |
9 |
10 |
66 |
||
04/Sep |
10 |
5 |
61 |
||
15/Sep |
11 |
10 |
51 |
||
19/Sep |
12 |
5 |
46 |
||
Reorder |
54 |
100 |
|||
19/Sep |
13 |
2 |
98 |
Stock Control Card |
|||||
Item: Reflex Copy Paper |
Max stock |
100 |
|||
Min stock |
50 |
||||
Stock no. |
2 |
||||
Supplier: |
Livingstone |
||||
Date |
Requisition no. |
In |
Out |
Initials |
Balance |
100 |
|||||
21/Aug |
4 |
2 |
98 |
||
31/Aug |
8 |
5 |
93 |
||
19/Sep |
12 |
5 |
88 |
||
19/Sep |
13 |
3 |
85 |
Stock Control Card |
||||||
Item: Aloe Vera Green Powder- |
Max stock |
50 |
||||
Min stock |
10 |
|||||
Stock no. |
3 |
|||||
Supplier: |
Livingstone |
|||||
Date |
Requisition no. |
In |
Out |
Initials |
Balance |
|
50 |
||||||
16/Aug |
2 |
10 |
40 |
|||
15/Sep |
11 |
10 |
30 |
|||
Stock Control Card |
|||||
Item: Cotton Gloves |
Max stock |
100 |
|||
Min stock |
50 |
||||
Stock no. |
4 |
||||
Supplier: |
Livingstone |
||||
Date |
Requisition no. |
In |
Out |
Initials |
Balance |
100 |
|||||
15/Aug |
1 |
10 |
90 |
||
31/Aug |
8 |
20 |
70 |
Stock Control Card |
||||||
Item: N-Dex Nitrile Gloves |
Max stock |
50 |
||||
Min stock |
10 |
|||||
Stock no. |
5 |
|||||
Supplier: |
Livingstone |
|||||
Date |
Requisition no. |
In |
Out |
Initials |
Balance |
|
50 |
||||||
29/Aug |
6 |
5 |
45 |
|||
31/Aug |
8 |
10 |
35 |
|||
31/Aug |
9 |
10 |
25 |
Stock Control Card |
|||||
Item: Kling Gauze Bandages 10.2 |
Max stock |
100 |
|||
Min stock |
50 |
||||
Stock no. |
6 |
||||
Supplier: |
Livingstone |
||||
Date |
Requisition no. |
In |
Out |
Initials |
Balance |
100 |
|||||
21/Aug |
3 |
20 |
80 |
||
31/Aug |
8 |
20 |
60 |
||
15/Sep |
11 |
10 |
50 |
||
15/Sep |
Reorder |
50 |
100 |
Stock Control Card |
|||||
Stock Control Card |
|||||
item: |
Adler Standard aspirating |
Min stock |
5 |
||
Stock no: |
7 |
Max stock |
10 |
||
Supplier |
Vitalmed |
||||
Date |
Requisition no. |
In |
Out |
Initials |
Balance |
10 |
|||||
31/Aug |
7 |
5 |
5 |
||
Re order |
5 |
10 |
|||
15 sept |
11 |
3 |
7 |
Stock Control Card |
|||||
Item: Superdent Disposal plastic syrings |
Max stock |
25 bags |
|||
Min stock |
10 Bags |
||||
Stock no. |
8 |
||||
Supplier: |
living stone |
||||
Date |
Requisition no. |
In |
Out |
Initials |
Balance |
25 |
|||||
21/Aug |
3 |
5 |
20 |
||
23/Aug |
5 |
10 |
10 |
||
Re-order |
15 |
25 |
|||
04/Sep |
10 |
5 |
20 |
||
Stock Control Card |
||||||
item: |
HUG Baby Wipes UN-scented |
Min stock |
50 |
|||
stock no: |
9 |
Max stock |
100 |
|||
supplier |
Livingstone |
|||||
Date |
Requisition no. |
In |
Out |
Initials |
Balance |
|
100 |
||||||
15/Aug |
1 |
5 |
95 |
|||
31/Aug |
8 |
20 |
75 |
|||
15 Sept |
11 |
20 |
55 |
|||
19 Sept |
13 |
10 |
45 |
|||
Reorder |
55 |
100 |
||||
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