Inventory counting is essential for all product-based businesses.
No matter the type of your business or the scale, it always pays to conduct regular stocktakes.
Stocktaking essentially refers to manually counting your stock or inventory and matching it up with your stock records to find any discrepancies. Discovering such discrepancies helps to pick up and resolve any store-level issues leading to better stock management and control. A third-part stocktaking provides the most unbiased and accurate numbers that any business requires. Likewise, stocktaking helps you to uncover countless ways to boost your business. Let’s look at some.
Detect theft & improve inventory tracking
- Stockouts (running out of products to sell)
- Overstocking (too many products to sell)
- Dead stock (products become obsolete while in the store)