Bin Card

 

A bin card is a document used to track the movement of inventory within a warehouse or storage area. It is a manual record-keeping system that provides a real-time overview of inventory levels, stock movements, and stock balance.

The bin card typically includes the following information:

1. Item details: It contains information such as the item name, code, and description.
2. Quantity received: It records the initial quantity of the item received in the warehouse.
3. Quantity issued: It records the quantity of items that have been taken out from the warehouse.
4. Balance quantity: It shows the current balance of items in the warehouse.
5. Bin location: It contains the physical location of the item within the warehouse, which helps in managing the stock and facilitating quick retrieval of the items.

The bin card system helps in preventing overstocking or stockouts by providing real-time information about inventory levels. It also helps in minimizing the cost of storage and maximizing warehouse efficiency. Bin card systems can be implemented manually, through spreadsheets, or using specialized software as part of an inventory management system.