MANAGEMENT

Detailed explanation-1: -noun. 1. : a list of the stock issues admitted to dealings on an exchange. : the list of stock issues with prices and volume of turnover published in a newspaper.

Detailed explanation-2: -The basic stock list is a schedule or listing of “stock keeping units” (SKU) for staple merchandise. A “stock keeping unit” is a merchandise category for which separate records (both sales and stock) are maintained. A ‘SKU’ can consist of a single merchandise item or group of items.

Detailed explanation-3: -Basic Stock This is a threshold that inventory levels should never fall below. It is calculated as average inventory divided by average sales. This method of planning inventory levels is useful for retailers with consistent-selling items that are not subject to large fluctuations.

Detailed explanation-4: -An inventory list is a complete, itemized list of every product your business has in stock. This includes your raw materials, work-in-progress, and finished goods. An inventory list should include each item’s SKU number, name, description, cost, and quantity in stock.