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 Stock on hand

Stock on hand is the amount of stock present currently in warehouse(s) and/or storage locations of a business and ready to be shipped/sold to interested buyers. Stock on hand management has the effect of affecting the profits of the business. Businesses make sales decisions based on the value or amount of stocks they have on hand.

Knowing the Stock on hand is the key information for businesses to take many purchase and sale decisions in time. Further having correct stock in hand detail reduces lost or missing inventory and will assist in doing inventory count. Businesses generally know the approximate stock in hand but do not always have a way to know the exact stock in hand, thus they cannot do inventory check and other inventory related processes at will.

UPITag keeps track of each Product, so businesses have up-to-date current stock status. UPITag provides various reports to manage stock on hand.