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A bin card, as the name suggests is a card kept with the stock item in the place where the stock is held. Since many small stock items were (and still are) held in "bins" (e.g. screws, nuts, bolts, etc) the card would be kept inside the bin with the items.
This made it easy to update movements in and out, as the card would be updated on the spot.
A bin card has five core columns: namely Date/Time; Amount/Quantity Outward, Amount/Quantity Inward, Closing Balance; Signature/initial and an optional column for comments.
The bin card header contains the stock code and stock description plus the opening balance and opening date.
Keeping track of all the goods you have in your store in the warehouse is one of the key success factors of a healthy and good business. This requires spending time and attention to detail in keeping an overview. Useful tools in Excel that make their life better or help their business flourish.
A BIN Card is a spreadsheet or table that records the status of a good held in stock. A typical retailing business with a large stock warehouse will use a BIN card to record a running balance of stock on hand, in addition to information about stock received and notes about problems associated with that stock item.
By printing and keeping once a week or once a new hardcopy BIN card inside the store, most columns within this BIN Card format will be left empty before a storekeeper writes down exactly the transactions on the hardcopy form.
When you are a storekeeper, looking for a solution to keep track of the transactions that are taking place. You can use a BIN Card system. A BIN card records the status of products held in stock in a warehouse. Most retail companies that are having a large warehouse or stock room will use a bin card to record a running balance of stock items on hand, in addition to information about the stock items received and notes about problems associated with that stock of that product.
You can start working or start improving your warehouse process, directly with this BIN Card system. Bin Card is commonly used in Stores, see more info about what a BIN Card is on this video: Video explains BIN Card
Source: Free BIN Card Format
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