Inventory Control in Marine Components and Servicing Businesses

For the owner of a marine servicing business, inventory manage is crucial to fantastic management but can grow to be a real nightmare. I heard of 1 enterprise shipyard that lost over $40,000 worth of stock over the course of a year. The cause? One of several personnel was regularly taking tiny things and selling them privately. The disappearance of your stock went un-noticed until the end from the year when the annual stock take showed the discrepancies in expected versus actual counts. But it was as well late - the employee had left several months ahead of the stock-take and was nowhere to be identified, leaving the business higher and dry.

How can you prevent this type of theft within your business enterprise? Frequent stock-taking can reduce the problem, but that may be fairly daunting with a huge number of products in stock. You need an automated solution - an integrated database application can make fantastic inroads towards the target of successful inventory management. The approach is straightforward, and goes like this:

Following such a method will let you sleep at evening. If anything is missing, you could function out what has occurred before time fudges your memory. Who was operating, what jobs were being performed, who came in and bought things - these are your clues and you are in the best position to understand what has occurred if it really is recent. Also, if the men and women within your business realize that random stock-takes are happening, the temptation to 'borrow' a thing is minimized.