Stocktaking vs Cycle Counting: Understanding the Differences
Any business, large or small, must perform some sort of count of their inventory at some point in time. There are two commonly accepted methods of counting inventory stock: stocktaking or cycle counting. The method that will best suit a particular company needs to be carefully considered as they are drastically different and can have […] ... Read More
April 12, 2018 accurate stock counts, inventory stock, stock counts, stock takeConducting a Successful Stocktake
A stocktake is a record of the inventory a business has on hand, which is commonly done at the end of the year. However, some businesses may perform stocktakes more regularly. An accurate stocktake is essential for making informed business decisions relating to inventory management and control. A successful stocktake gives you valuable insight into ... Read More
July 1, 2017 accurate inventory, accurate stock counts, inventory management, inventory tips, stock take, stocktakeStocktake day – 10 points to consider
An accurate stocktake is an essential part of inventory management as it provides a reference point for assessing other inventory components. ... Read More
April 19, 2017 accurate stock counts, business management, how-to, inventory tips, stocktakeTaking stock of your inventory: 10 tips
Stocktaking is an important process that allows businesses to reconcile physical stock on hand against their records. Whether your business is a large operation running a barcode system or a small family enterprise that keeps paper records, it is important to complete a stocktake at least annually before the end of the financial year (although som ... Read More
October 17, 2016 accurate stock counts, inventory control, stock count