This warehousing management is inseparable from various activities that are in the warehouse such as sovran self storage of goods, expenditure of goods, packing goods, and the return of goods (return of goods). When a company buys raw materials, the process of storing goods is carried out in a warehouse with certain administrative records. Some important things in warehousing management include the following; Exit-entry of goods must be checked first by the warehouse. This check is to avoid any purchase returns and also sales returns. The check is also used to test the feasibility of items that will enter the warehouse. Warehousing management also includes administration that involves the entry and exit of goods and also returns of goods. It is very important if this administration is done properly because if the administration is not organized then the production process will also have an effect. This administration includes receipt of goods, storage of goods and return of goods.
The goods in the warehouse are current assets that the owner can used to increase capital. This inventory is carried out through warehousing management that can be reported every month on the company’s balance sheet. This stock crisis is also needed at the end of each month as part of the control of goods in the warehouse and know the difference in whether or not the item is. If it is deemed necessary, this warehousing management will also be used to assess the good and bad management of existing warehouses. If it feels detrimental to the company, the warehouse management can be changed for the better by a different method.
Inventory is the material or a good that will be used to fulfill certain objectives. Every company that conducts business activities generally has inventory. Its existence is not only considered a burden (liability) because it is waste but at the same time, it can also be considered as assets that can be immediately disbursed in the form of cash.
Inventory management is a system that is responsible for planning and overseeing inventory starting from the raw material stage to the customer. In order for a business entity to obtain optimal profits, inventory management must aim to reduce the plant’s low operating costs.