Stock managment
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Posted: October 18, 2024
Standing orders are common throughout many industries - but especially valuable for the food industry – as running out of production critical consumables isn’t an option.
A standing order is simply determining how much stock you need over a certain period. It is usually set to a fixed time of ordering, such as once a week, fortnight, or month, to ensure the stock quantities on hand are sufficient.
The advantage of standing orders is that you can still place an ad hoc order when required, but it ensures that most of the time, stock is consistent and adequate.
Convenience: Ad hoc ordering is usually time-consuming and unpredictable. Standing orders, however, remove the need for constant checking and juggling stock. Creating a pattern or structure gives you confidence that you always have the stock you need on hand. This saves you time so you can focus on your other priorities.Cost Savings: Standing orders are more cost-effective for
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