BuildUp | Growth Consulting for KuwaitStartup Businesses

Founded and managed by career banker Kamal Shurbaji, BuildUp growth consulting equipsbusinesses in Kuwait to transform early success into enduring value.

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Inventory

The Inventory Stocktaking Service is a process aimed at verifying the actual quantities of inventory available within the company and reconciling them with accounting records and system data. The service includes:

Inventory Stocktaking Service

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1. Planning and Preparation for Stocktaking:

Define stocktaking type (full, partial, periodic, surprise).
Set a work plan covering locations, warehouses, and counting method.
Schedule the stock-take to minimize operational downtime.

2. Conducting the Physical Stock-take:

Count inventory manually or via electronic devices.
Set a work plan covering locations, warehouses, Classify items by type or category.counting method.
Record actual quantities on forms or directly in the system.

3. Comparing Physical Count with Records:

Match actual quantities with accounting records.
Identify variances (excess or shortage) and analyze causes.
Adjust system balances to reflect actual quantities.

4. Preparing the Stocktaking Report:

Report results, variances, and recommendations.
Include notes on slow-moving, obsolete, or damaged items.

5. Providing Recommendations:

Strengthen internal inventory control systems.
Suggest improvements for receiving, issuing, and storage procedures.

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KD 75

Basic Accounting

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KD 75

Basic Accounting

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KD 150

Standard Accounting

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KD 150

Standard Accounting

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KD 250

Premium Accounting

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KD 250

Premium Accounting

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