The "actual stock transfer" refers to the process where the actual or current inventory levels of a company or organization are incorporated into the inventory management or control system. This process involves updating the inventory data in the software or records of the company based on the physical inventory determined through inventory counting or stocktaking.
Typical functions of software in the area of "actual stock transfer" include:
Data import: Ability to import inventory data from various sources such as Excel sheets, CSV files, or other external systems.
Data validation: Verification of imported data for completeness, consistency, and accuracy to ensure that only correct information is taken over.
Customizable capture methods: Support for different methods of capturing actual inventory, including manual entry, barcode scanning, or RFID technology.
Automated reconciliation functions: Automation of reconciling the imported actual inventory with the existing inventory data in the software to identify and correct discrepancies.