Stock Controller Salary in Botswana
Who is a Stock Controller?
Inventory control or stock control can be broadly defined as “the activity of checking a shop’s stock”. It is the process of ensuring that the right amount of supply is available within a business.
Stock Controller Salary in Botswana
A Pharmacy Stock Controller working in Botswana will typically earn around 104,920 BWP per year, and this can range from the lowest average salary of about 51,340 BWP to the highest average salary of 163,800 BWP.
Frequently Asked Questions
What qualifications do I need to be a stock controller?
Stock Controller Requirements:
- Bachelor’s degree in logistics, business administration, or a related field preferred.
- A minimum of two years’ experience as a stock controller in a similar industry.
- Proficiency in inventory management software, such as Zoho Inventory and Katana.
Do controllers make good money?
According to PayScale, financial controllers with a bachelor’s in finance earned an average annual salary of $85,260 as of September 2021. This aligns with the profession’s overall average salary. With an MBA in accounting and finance, financial controller salaries rose to an average of $93,520 as of September 2021.
What are the two types of stock control?
Stock control methods
- Minimum stock level – you identify a minimum stock level, and re-order when stock reaches that level. This is known as the Re-order Level.
- Stock review – you have regular reviews of stock. At every review you place an order to return stocks to a predetermined level.
How many hours do controllers work?
Controllers may not work more than 10 straight hours during a shift, which includes required breaks, and must have 9 hours of rest before their next shift. Major airports may operate control towers on a 24-hour basis.
What is another name for stock control?
Stock control, otherwise known as inventory control, is used to show how much stock you have at any one time, and how you keep track of it.
What are 4 stock control methods?
What are the methods of stock control?
- Just-in-time (JIT)
- FIFO.
- Economic Order Quantity.
- Vendor-managed inventory.
- Batch control.
What does a stock controller do?
Stock Controller responsibilities include tracking shipments, overseeing inventory audits and maintaining reports of purchases and pricing. To be successful in this role, you should be familiar with supply chain procedures and have good communication skills to interact with vendors, clients and internal teams.
Is stock control a skill?
This is an important skill as these professionals’ ability to plan allows them to ensure the company always has a regular inventory level.
What is stock control in a warehouse?
Basically, stock control is the process of keeping track of how much product you have, and where your inventory has gone. If you keep on top of your stock control procedures properly, you should have a clear view of how much product you have in your warehouse and how much of your inventory has left through sales.
What are three stock control reports?
5 Essential Reports for Effective Stock Control
- Stock on Hand Enquiry. Knowing how much inventory is on hand can inform purchasing decisions and let sales staff know what is available for sale.
- Inventory Change Report.
- Inventory Turnover Ratio.
- Item Fill Rate.