This task involves setting up a new Excel spreadsheet for stock control. The spreadsheet will serve as the central document for recording and tracking all stock in the warehouse. The task will ensure that you have a clean and organized spreadsheet to work with, enabling you to efficiently manage your stock. To complete this task, you will need access to Microsoft Excel or a similar spreadsheet program.
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Microsoft Excel
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Google Sheets
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Apple Numbers
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LibreOffice Calc
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Zoho Sheet
Enter Product Code In Spreadsheet
This task requires entering the product code of each item into the Excel spreadsheet. The product code is a unique identifier for each product in the warehouse. By recording the product code, you can easily track and locate specific items when needed. Remember to double-check the accuracy of the entered codes to avoid any errors or confusion.
Enter Product Name In Spreadsheet
In this task, you will enter the name of each product into the Excel spreadsheet. The product name provides a clear identification of the item and helps in categorizing and organizing the stock. Make sure to write the product names accurately, as any discrepancies can lead to confusion and errors in stock management.
Specify Type of Stock
This task involves specifying the type of stock being recorded in the Excel spreadsheet. The stock can be categorized into different types based on various factors such as product category, location, or condition. By classifying the stock, you can easily filter and analyze the data to gain insights into the warehouse inventory. Choose the most appropriate type from the options provided.
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Raw Materials
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Finished Goods
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Perishable Items
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Obsolete Stock
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Returned Goods
Provide Initial Stock Quantity
This task requires entering the initial quantity of stock for each product into the Excel spreadsheet. The initial stock quantity represents the amount of each item available at the start of the stock control process. Ensure accurate and up-to-date figures to establish a baseline for tracking stock changes and inventory replenishment. Use whole numbers only for the quantity field.
State the Unit Price
In this task, you will state the unit price of each product in the Excel spreadsheet. The unit price represents the cost per individual item. By recording this information, you can calculate the total value of the current stock and monitor financial aspects of inventory management. Provide the unit price accurately to ensure accurate valuation of the stock.
Stock Minimum Limit Notification
This task involves setting the minimum stock quantity limit for each product to receive a notification. When the stock quantity of a product falls below this minimum limit, a notification will be triggered to alert you about the low stock level. By setting appropriate minimum limits, you can ensure timely stock replenishment and prevent stockouts. Specify the minimum limit for each product.
Update after Receiving New Stock
This task involves updating the stock quantity in the Excel spreadsheet after receiving new stock. When new items are added to the warehouse, it is crucial to record the change to maintain accurate stock levels. Enter the quantity of the newly received stock for each product to ensure the spreadsheet reflects the current inventory status.
Approval: Supervisor New Stock
Will be submitted for approval:
Update after Receiving New Stock
Will be submitted
Document New Stock Value
In this task, you will document the total value of the newly received stock for each product in the Excel spreadsheet. The total value is calculated by multiplying the unit price of the product by the quantity of the newly received stock. Recording the new stock value helps monitor the financial impact of the stock intake and ensures accurate valuation of the inventory.
Update after Stock Release
This task requires updating the stock quantity in the Excel spreadsheet after releasing stock. When items are taken out of the warehouse for sale, distribution, or any other purpose, it is essential to reflect this change in the stock records. Enter the quantity of stock released for each product accurately to ensure the spreadsheet accurately reflects the current stock level.
Approval: Supervisor Stock Release
Will be submitted for approval:
Update after Stock Release
Will be submitted
Document Stock Value After Release
In this task, you will document the total value of the stock after release for each product in the Excel spreadsheet. The stock value after release is calculated by multiplying the unit price of the product by the remaining stock quantity. By recording this information, you can track the financial impact of stock releases and accurately assess the stock value in the warehouse.
Calculate Total Value of Current Stock
This task involves calculating the total value of the current stock in the Excel spreadsheet. The total value is calculated by summing the individual values of each product based on their unit price and quantity. Recording the total value helps assess the financial worth of the inventory and gain insights into the capital tied up in stock. Review the spreadsheet and provide the total value.
Review of Stock Status per Product
This task requires reviewing the stock status of each product in the Excel spreadsheet. Assess the current stock quantity, the minimum limit, and any notifications triggered. By regularly reviewing the stock status, you can identify potential stockouts, reorder opportunities, and discrepancies in the stock records. Provide a summary of the stock status observations for each product.
Approval: Manager Review
Will be submitted for approval:
Review of Stock Status per Product
Will be submitted
Record Date of Stock Review
In this task, you will record the date of the stock review conducted in the Excel spreadsheet. Regularly updating the stock review date helps maintain an audit trail and ensures you have timely information on when the last review occurred. Provide the date of the stock review in the format specified in the field below.
Prepare Report of Current Warehouse Stock Status
This task involves preparing a report on the current stock status in the warehouse. The report should include details such as stock quantities, values, minimum limits, and notable observations. By documenting the stock status, you can share relevant information with stakeholders and make informed decisions regarding stock management. Generate the report in the specified format and attach it to this task.
Submit Warehouse Stock Control Report
In this final task, you will submit the completed warehouse stock control report. The report provides an overview of the stock status, including quantities, values, and observations. By submitting the report, you ensure that the relevant stakeholders receive the necessary information for effective stock management and decision-making. Share the report through the specified channels or email it to the designated recipients.