In this assignment, we learn about the importance and significance of stock control in business management. The article highlights that effective stock control can help a company maintain a competitive edge in the market, avoid losses, and maximize free capital. It also discusses the different types of stock control mechanisms, including perpetual and periodic systems, barcode and RFID systems. Furthermore, it presents various methods for stock control, such as setting a safe level of stock, stock review, batch control, just-in-time, ABC analysis, economic order quantity, vendor-managed inventory, first-in-first-out, and last-in-first-out. The article concludes that managing inventories at the right level is crucial for an organization's sustainability and competitiveness in the market.