ICT usage in Annual registration with stock balancing as a way for Compliance of standards with the businesses in EU

Abstract

All companies have an obligation to do regular annual registration and stock
balancing and a need to do the same periodically as a way for improvement of their
own business. This is especially important for Companies with e large number of
various items that are present at the same moment as well as also a very large
number of items that are active periodically.
This is a very voluminous task even in small Companies. It becomes more
complicated for larger Companies with higher number of departments and with
miscellaneous items.
With larger trading Companies it is always harder, because they usually have tenth
of thousands of active items and also tenth of thousands of periodically active
items. In addition to this, even articles that are not active momentarily occupy
room physically and in the databases both because of physical stock and historical
importance of the circulation.
Since the number of items that needs to be registered is considerably large, the
process of physical counting takes a very long time, thus the Company is forced to
pause its business for a number of days. It is also imposed to use a mathematical
method of consolidation of the retrieved data, as well using modern technology,
such as mixed networks, Wireless Handheld Computers together with desktops. As
a result the actual registration takes place, in two ways, first with a pause on stock
movement and also without any interruption while the Companies continue withbusiness as usual.
Once the registration is finished, the data is consolidated between the starting
stock at the beginning of the registration, sale and the registration itself to a
balance, which it can then be projected at a date of our convenience.