Stock record card.

A stock record card is a document used to track the movement and status of inventory items within a business. It typically includes information such as the item name, description, quantity on hand, unit cost, total value, reorder point, and supplier information. The card is updated regularly to reflect changes in inventory levels, such as purchases, sales, returns, and adjustments. This helps businesses maintain accurate inventory records and make informed decisions about ordering and managing stock.

Stock Record Card

Item:

Description:

Unit of Measure:

Location:

Reorder Point:

Reorder Quantity:

Maximum Inventory Level:

Transaction History:

| Date | Type | Quantity | Balance |
|---|---|---|---|
| | | | |

Additional Notes:

- Date: Date of transaction.
- Type: In (received), Out (issued), Adjustment (addition or subtraction from inventory).
- Quantity: Number of units received, issued, or adjusted.
- Balance: Current inventory balance after the transaction.

Purpose:

A stock record card is used to track the quantity and location of inventory items. It provides a detailed record of all transactions related to the item, including receipts, issues, and adjustments. The card also includes important information such as the reorder point, reorder quantity, and maximum inventory level.

Benefits:

- Accurate Inventory Tracking: Maintains accurate records of inventory levels, ensuring that businesses can make informed decisions about ordering and production.
- Improved Inventory Management: Helps businesses avoid overstocking or understocking, reducing inventory costs and increasing efficiency.
- Improved Ordering Process: Provides information on reorder points and quantities, helping businesses optimize their ordering and avoid stockouts.
- Reduced Losses: Tracks inventory movements and discrepancies, helping businesses identify and prevent losses due to theft or errors.
- Compliance: Meets regulatory and accounting requirements for inventory tracking and control.