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hi there in this short topic video were going to take a quick look at stock control charts dont forget there are three main types of stock or inventory a stock is otherwise known three main types in the business raw materials and components stock or production thats not yet complete known as work in progress and then finally finished goods finished products ready for sale stock control charts are particularly useful for raw materials and components but also very useful for finished goods and finished goods and products lets have a look at how they work to do so lets firstly think about why you might use a stock control chart we already know that its important for a business to manage the amount of stock that it holds partly because holding stock has costs the cost of storing it managing it securing it and of course the the potential cost of the stock becoming obsolete so the overall objective of stock control is to maintain stock so that the total cost of holding stock are minimi
