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One effective solution to face stock management problems is by implementing stock management software. It should be noted that the implementation of such software aims to improve stock management performance. This blog will tell you the common problems that occur during stock management and how stock management software plays a role as the solution to these problems.

The Cost of Goods Sold or COGS can be understood as the total expenditures and expenses, both directly and indirectly incurred by the company, in order to produce goods or services. Another definition of COGS according to accounting principles is the total expenditures and expenses allowed, both direct and indirect, to produce goods or services in the condition and location where the goods can be sold or used.

Stock Level is the amount of inventory available in the warehouse at a given time. Its main purpose is to ensure that stock is sufficiently available to meet customer demand and company operations efficiently, without causing problems such as overstock or stock shortages.

MRP is a system used to calculate the detailed amount of raw materials, basic materials, or components needed to produce a product in a company. Generally, the MRP system is used by manufacturing companies whose main business activity is producing goods. With MRP software, companies can accurately estimate the raw materials needed, along with the exact quantities and details during production, up to the delivery scheduling process.

A good warehouse management system doesn't just ensure that product stock is available in your warehouse. But it also ensures that products received by customers are still in good or acceptable condition, this is also part of a warehouse management system. Here are 10 ways to build a good warehouse management system for your company.

Both Barcode and RFID systems have been widely implemented by companies to simplify the process of recording and managing stock. This technology replaces manual stock management processes that are prone to several risks, such as inaccurate data or quantity discrepancies.

In warehouse management, there are several storage and stock release methods used to optimize stock flow and reduce the risk of losses due to expired or obsolete goods. In general, there are three main methods commonly used in stock management: FIFO, FEFO, and LEFO.

Dead stock is a term used to describe goods that remain unsold or cannot be sold within a certain period for various reasons. For example, damaged or expired products, seasonal items, or incorrectly shipped products.

reorder point is a specific threshold at which the inventory of a certain item in the warehouse must be replenished before it runs out.

Stock opname is the activity of counting the available stock of goods in a warehouse, conducted to ensure that the recorded stock data aligns with the actual physical condition in the field. Generally, this activity is carried out during the inbound or outbound processes of goods. Stock opname must be conducted meticulously and carefully so that the results are accurate and useful for improving company operations.