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Topic: stock level

The True Cost of Poor Inventory Control

For small businesses just starting out, inventory management may seem like an unnecessary burden, but it is, in fact, one of the key processes involved in running a successful company. Good inventory control can improve sales, customer satisfaction and the overall productivity of a business, so it is essential that you do it right. In […] ... Read More

  December 7, 2018     

Optimise Cashflow With Better Inventory Management

It is imperative to understand that cashflow and profit are two different things. While you evaluate your cashflow you may encounter situations where you have made a profit, but you are lacking in working capital. Low working capital means that your current liabilities exceed your current assets in this case the company may have outstanding [&helli ... Read More

  December 5, 2018     

12 Reasons Why You Have Stocktake Discrepancies

Stocktake discrepancies happen when the actual quantity of inventory stock on hand is different from the quantity recorded in an inventory system for any particular item. Unfortunately, this is a real issue every business tasked with maintaining and controlling inventory is faced with. If not avoided or detected, discrepancies will bring about vari ... Read More

  October 30, 2018