Warehouse

Warehouse

1. Warehouse entrance.

   • Warehouse inventory entries are record of the products and materials that are stored in the warehouse. These entries are used to keep track of products and materials in stock, as well as to determine when they need to be replenished.

2. Purchase order.

   • Is a commercial document issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services required. It is used to control the purchasing of products and services from external suppliers. Purchase orders can be an essential part of enterprise resource planning system orders. An indent is a purchase order often placed through an agent (ident agent) under specified conditions of sale. The issue of a purchase order does not itself form a contract. If no prior contract exists, then it is the acceptance of the order by the seller that forms a contract between the buyer and seller.

3. Shrinkage control.

   • Is the loss of inventory that can be attributed to factors such as employee theft, shoplifting, administrative error, vendor fraud, demage, and cashier error.
     • Shrink reduction strategies:
       • 1. Clarifying company policies.
         • 2. Train employees on theft prevention.
           • 3. Reduce human errors with checklists and reporting.
             • 4. Frequent inventory audits.
               • 5. Video surveillance.
                 • 6. Hire a loss prevention manager.
                   • 7. Triple-check your vendors.

4. Storage card.

   • Is the document where the exits and entries of merchandise to the warehouse are recorded. Keep track of the cost of the product following the inventory valuation system that the company has selected.

5. Transfer of merchandise.

   • Transfer is defined as internal movement activity where certain goods in the warehouse change location.
     • Also part of the control of the reception and departure of merchandise, this operation requires an exhaustive record of the movements.

6. Materials request.

   • Is an internal document that contains details about any products or services required in an organisation.
     • They are created for various needs, for example, if raw materials are needed for production, or if stationary is required for internal use in the organisation or even for assets like laptops.

7. Merchandise issue.

   • Warehouse issues are movements of goods that are carried out to supply customers and can be classified into two main types:
     • Material issues for production.
       • And finished product issues for sale.