What is Stock Process | IGI Global (2024)

Shows how much stock the firm has, at any time, and how it keeps track of it. This applies to every item used to produce a product/service. Efficiently managed, it allows the right amount of stock in the right place at the right time, and serves production if problems arise.

Published in Chapter:

A Challenge in Organizations: The Process Innovation – Main Results of a Case in Portugal

Dário Ribeiros (FE, University of Algarve, Portugal), Paula Ventura (FCT & Cinturs, University of Algarve, Portugal), and Silvia Fernandes (FE & Cinturs, University of Algarve, Portugal)

DOI: 10.4018/978-1-7998-6792-0.ch001

Abstract

The chapter intends to exemplify process innovation challenges and trends. A case is studied—stock management—at an important enterprise in Portugal. It involves the analysis and improvement of this process within a firm related with gas distribution. Stock management is critical to deliver value to other processes such as sales. This issue has led to a focus on improving the inventory process. As it involves sub-value chains, this work highlights a comparison between current process and its proposed redesign. DMAIC method (define-measure-analyze-improve-control) is systematically applied, and new data emerge from tests made in the ERP (enterprise resource planning system) of the company. The improved process tends to greatly reduce execution time, as well as the number of actors and amount of information circulating outside the system. Other aspects are studied in line with new trends in ERP platforms due to cloud computing.

What is Stock Process | IGI Global (2024)

FAQs

What is the stock processing? ›

Shows how much stock the firm has, at any time, and how it keeps track of it. This applies to every item used to produce a product/service. Efficiently managed, it allows the right amount of stock in the right place at the right time, and serves production if problems arise.

What is the stock take process? ›

A stocktake is when you physically count your inventory to check it against your records. You'll then make any adjustments to ensure your records match the actual stock levels.

What is the stock answer? ›

A stock answer, expression, or way of doing something is one that is very commonly used, especially because people cannot be bothered to think of something new.

What is a stock very short answer? ›

A stock is a financial instrument which represents partial ownership of a corporation. Stocks are issued by companies in units called shares. Investors who buy the shares help the company raise funds, and in return the shareholder shares in the companies assets and profits.

What is the stock production process? ›

Make to Stock (MTS) is a conventional production technique wherein producers produce commodities on a large scale in accordance with anticipated consumer demand. Some of the commodities are put up on the shelves of the shop for customers to purchase, and the rest is stored as inventory.

What is the process of making stock? ›

To make homemade chicken stock, place chicken bones, vegetables, herbs and spices into a large pot. Cover with cold water then simmer for about 3 hours. Let it cool, then skim the fat. Store in the refrigerator for up to 5 days or in the freezer for up to 6 months.

What does stocks in process mean? ›

Stock in Process means “raw stock” which has undergone any aging, seasoning, mechanical or other process of manufacturing but which has not become “finished stock”.

What is the global stocktake report? ›

The global stocktake is a process for countries and stakeholders to see where they're collectively making progress towards meeting the goals of the Paris Climate Change Agreement – and where they're not.

How long does it take for stocks to process? ›

Currently, settlement date occurs two business days after trade date, but recent rule amendments from the Securities and Exchange Commission (SEC) and conforming FINRA rule changes will soon make that cycle one day shorter.

What is stock in simple words? ›

A stock, also known as equity, is a security that represents the ownership of a fraction of the issuing corporation. Units of stock are called "shares" which entitles the owner to a proportion of the corporation's assets and profits equal to how much stock they own.

What is a stock example? ›

Some examples of large-cap stocks could include Microsoft (MSFT), Apple, (AAPL), ExxonMobil (XOM), Walmart (WMT), and Coca-Cola (KO).

What is stock explained simply? ›

A stock represents a share in the ownership of a company, including a claim on the company's earnings and assets. As such, stockholders are partial owners of the company. Fractional shares of stock also represent ownership of a company, but at a size smaller than a full share of common stock.

How do stocks work? ›

Stocks are a type of security that gives stockholders a share of ownership in a company. Companies sell shares typically to gain additional money to grow the company. This is called the initial public offering (IPO). After the IPO, stockholders can resell shares on the stock market.

Do you get money from stocks? ›

The way you make money from stocks is by the selling them at a higher price than you bought them. For instance, if you bought a share of Apple stock at $200 and sold it when it reached $300, you would have made $100 (minus any taxes you'd have to pay on the money you made).

How do you explain stocks for dummies? ›

Stocks, which are also called equities, are securities that give shareholders an ownership interest in a public company. It's a real stake in the business, and if you own a majority of the shares of the business, you control how the business operates.

What is the meaning of stock in process? ›

Stock in Process means raw stock which has undergone any aging, seasoning, mechanical or other process of manufacture at the locations described but which has not become finished stock.

What is stock trading process? ›

The process begins with selecting an individual or company to trade, known as a broker. Then, a Demat account is opened, an order is placed, which is then carried out by the broker and is ultimately settled by the buyer and seller.

What is an example of a make to stock process? ›

What Is an Example of Make to Stock? The make-to-stock strategy might be used by companies that produce goods that tend to be particularly popular during the holiday season. For instance, a toy manufacturer would forecast consumer demand and produce products accordingly.

How long do stocks take to process? ›

In fact, it takes two trading days for equity trades to settle. This means if you sold a stock on Monday, you wouldn't receive the cash until Wednesday.

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