Business Tips
Steer Clear of these Stock Taking Mistakes
Managing your inventory properly is critical to any retail business. Stock taking is one of the most essential tasks a company can do to ensure effective inventory management. Stock taking normally happens once or twice a year and gives a company a clear understanding of their inventory levels. In addition, it can unveil the overall […] ... Read More
January 16, 2018 stock, stock control, stock count
Business Tips
What does negative inventory do to your inventory control
A businesses’ inventory control can be adversely affected by inaccurate inventory records stemming from negative inventory. Negative inventory refers to the situation which occurs when an inventory count suggests that there is less than zero of the item or items in question. Below we summarise the key factors that may cause a negative invento ... Read More
July 21, 2017 inventory control, multiple warehouses, negative inventory, stock, stock control