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Explain the stocktaking schedules

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Stocktaking schedules

Talk to other team members who have been involved in stocktaking and whoever is responsible for setting the schedule for stocktaking. Find answers to the following questions and record your answers in the space provided: 

  • How often are stocktakes conducted? 
  • How long does a stocktake take?
  • How many people are involved in a stocktake? 
  • What activities can be carried out while the enterprise is still operating? 
  • What activities have to be carried out when the enterprise is closed or stops business operations? 
  • What is the variance between actual stock and stock records? 
  • What processes or aids are used to undertake the stocktake ( see examples given in the learning guide above)? 
  • What changes or improvements have been made in stocktaking over the past few years?
  • How are other team members selected for stocktaking?

Reference no: EM133157334

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