Methods of stock verification , Other Management

Assignment Help:

Methods

Following is a brief description of the prevalent methods of stock taking. 

Stock Verification by Accession Numbers:  The  accession numbers of the books from the shelves are read by one person and another person checks and tick marks the corresponding accession number in the register. When all the books in the  library and  out in circulation are checked in this manner, the unmarked accession numbers give us a list of lost books. 

This method is cumbersome and time consuming as the books on the shelves are arranged by class numbers. The use of accession register, which is a very important record also spoils. A  modified  method is to prepare and use a duplicate accession register. But then the task of preparing another duplicate accession register is  stupenduous and also involves unnecessary wastage of time, energy and money. 

Another simplified variant of this method is  to  prepare slips with only the accession numbers and use these slips for stock taking. Alternatively a register bearing only serial numbers in columns  in a page may be used. Numbers may be crossed out for books on the shelf. However both the methods may lead to malpractices since bibliographical detail cannot be verified in either of the two. However, this method may lead to malpractices; for example, a lost book may be replaced  by another cheap book with the same accession number, since bibliographical details are not provided. 

Numerical Counting Method: This is another simple method, wherein all the books on the shelves and the books out on loan are counted and tallied with the total number of books as per records. The comparison indicates the less of books in terms of only numbers. However, it does not reveal the particulars of the books and hence it serves only a limited purpose of stock verification, however, this method gives a rough idea of the extent of loss.  

Stock Verification by Shelf List Method: Maintenance of an up-to-date and accurate, shelf list is a pre-condition for this method of stock taking. Shelf list on cards is very flexible and facilitates speedy stock verification. The cards are taken to the  stack and call number of each book on the shelf is  read' by one person and another person either ticks it or takes out and keeps it in-.another tray. Otherwise the cards  of missing books' can be removed and kept it in another tray. Otherwise the cards of missing books can be removed and kept separately. This is an easy, simple and quick method. The trays containing the shelf register cards can be distributed among a number of persons and   simultaneous stock verification of  various sections of the stack is possible. Though time-consuming, this is a very  efficient method  of stock taking, and stock verification is also achieved in this method.


Related Discussions:- Methods of stock verification

Essays, LENGTH: 1000- 1200 WORDS : ESSAY Choose one of these essay topics....

LENGTH: 1000- 1200 WORDS : ESSAY Choose one of these essay topics. (Include ABSTRACT AND PLAN for your report or your essay) If you choose to write an essay for this assignment, y

Explain legal issues related to e-procurement, Question 1: As a procure...

Question 1: As a procurement manager of the public sector, discuss the factors that you will consider in the implementation of an e-Procurement system. Question 2: (i).

Measures of central Tendency, What are the importance of Measures of Centra...

What are the importance of Measures of Central Tendency to A Human Resource Manager?

Card system and ledger system, The Ledger System: In this system, the ...

The Ledger System: In this system, the record is kept in the form of a bound register wherein each page is allotted to a  periodical. On top of the page usually, details like

Information centres, Information Centres: It is now customary to estab...

Information Centres: It is now customary to establish documentation cells within many special libraries to provide different types of information services to their clients. Wh

What is the role of communication in culture, QUESTION 1 Explain the me...

QUESTION 1 Explain the meaning of organizational and cultural diversity Why is it important for us to be sensitive to and aware of cultural diversity within your workplace?

Case study, Rajender Kumar was a production worker at competent Motors Limi...

Rajender Kumar was a production worker at competent Motors Limited (CML) which made components and accessories for the automotive industry. He had worked at CML for almost seven ye

Prioritising the customers for project, P rioritising the customers It...

P rioritising the customers It is difficult to give the same importance to all customers.  One could think of  the  old  proverb  about  the  individual  rank  in  the  organi

Sewing materials - binding materials, Sewing Materials - binding materials:...

Sewing Materials - binding materials: Thread: Sewing is the central operation in binding. The life of binding depends very much on the kind of sewing and the material used f

What do you understand by classical utilitarianism, QUESTION (a) What d...

QUESTION (a) What do you understand by classical utilitarianism? Explain its principles (b) How relevant do you think this concept is to our public and business organization

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd