• by ASP Microcomputers / From Stocktaking / May 31, 2019 /

    Why Do We Do a Stock-take?

    why-do-we-do-stocktake

    Stock-taking is a valuable process for every company selling a product/s. If not performed on a regular and consistent basis, it is bound to cause serious problems down the line. For example, when the stock-count on the system differs from the actual stock on the floor, wrong orders may be placed. The stock also adds […]

  • by ASP Microcomputers / From Stocktaking / May 31, 2019 /

    How to Find the Best System for Managing Fabric Inventory

    how-find-best-system-managing-fabric-inventory

    If you are in charge of a fabric business, you know how difficult it is to manage inventory. This is why it is essential that you find the right system to use. The problem with this is the fact that there are so many available options. If you are at the crossroads and having a […]

  • by ASP Microcomputers / From Stocktaking / April 30, 2019 /

    What Is the Best Practice for Warehouse Stock Counts?

    When it comes to product sales, most businesses share one common overriding fear – dead stock. Items or products that are not selling don’t just take up unnecessary space. These items also tie up the business’ money. One of the best ways to control dead stock from becoming a real problem is by engaging in […]

  • by ASP Microcomputers / From Stocktaking / April 30, 2019 /

    What Are the Steps for Stock-taking in an Audit?

    What Are the Steps for Stock-taking in an Audit

    Every business, regardless of how large or small, should engage in annual audits so that they can take a full inventory of their goods. Some companies have massive amounts of inventory and it can be very time-consuming to audit it. Even smaller companies can feel slightly overwhelmed because while the quantity of stock they are […]

  • by ASP Microcomputers / From Stocktaking / April 30, 2019 /

    What Is the Best Method for Physical Inventory Counting?

    What Is the Best Method for Physical Inventory Counting

    One of the biggest challenges that store owners face is keeping track of their physical inventory. It’s a necessary evil that is a massive disruption and inconvenience for most business. However, stock taking is something that you cannot avoid if you are serious about keeping your balance sheet and P&L statement up to date and […]

  • by ASP Microcomputers / From Stocktaking / April 30, 2019 /

    Understanding Inventory Management – The Perpetual Inventory System

    Inventory management is one of the trickiest parts of running a retail store. The inventory that you hold is vital to your business. However, for some companies, especially those that sell products of volatile value, it can be hard to account for the value of the goods that they hold.   There are two main […]

  • by ASP Microcomputers / From Stocktaking / April 28, 2019 /

    How To Manage All My Inventory In My Restaurant?

    How To Manage All My Inventory In My Restaurant.

    When it comes to restaurant management, labour, food costs and general overheads are the top expenses. Restaurant owners and managers all agree that knowing how to manage kitchen inventory is one of the biggest challenges in running the business. Beginner managers can easily fall victim to restaurant inventory as they don’t have effective procedures, tools […]

  • by ASP Microcomputers / From Stocktaking / April 28, 2019 /

    How to Determine Correct Inventory Quantities

    Inventory counting methods

    Inventory is the items that are on hand that are owned by a company and that are ready to be sold to the customers. For a store, inventory needs just one classification “merchandise inventory”, which can describe the items that make up the broader inventory. If you are dealing with a manufacturing company, then inventory […]

  • by ASP Microcomputers / From General,Stocktaking / April 24, 2019 /

    How to keep track of inventory?

    At the heart of a successful retail business is an inventory system that is managed with precision. It can take some time and years of experience to perfect this important aspect of business management, but the rewards are well worth it. In the following article, we will be taking a look at some methods of […]

  • by ASP Microcomputers / From Stocktaking / March 30, 2019 /

    How Does A Supermarket Control Its Inventory?

    How Does A Supermarket Control Its Inventory

    Control and management of inventory are vital to most types of businesses but especially to supermarkets. In the past, hand-written accounts were kept of inventory coming in and stock being sold. Later, software packages became available to assist in inventory control although all data still needed to be entered manually into a computer. These days, […]

  • by ASP Microcomputers / From General,Stocktaking / February 1, 2019 /

    All About Stocktake Procedures For Warehouses

    stocktaking procedures for warehouses

    An accurate stocktake will let you manage the warehouse inventory more effectively and make informed business decisions over time. That is why it is important that you follow the right stocktaking procedures for warehouses at all times. There are many important factors to consider when stocktaking in your warehouse. Accurate stocktaking will help your accountant […]

  • by ASP Microcomputers / From General,Stocktaking / February 1, 2019 /

    Notable Differences Between Stocktaking and Stock Checking

    difference between stocktaking and stock checking

    The inventory of a company is often one of its most important assets. They are available in a variety of forms such as finished and unfinished goods, work in progress, and raw materials. No matter what the actual inventory is, maintaining an accurate record is essential because it helps to calculate the holding cost of […]

  • by ASP Microcomputers / From General,Stocktaking / February 1, 2019 /

    Physical Stocktaking Eliminates Discrepancies and Helps Reduce Wastage and Theft

    physical stocktaking

    Inventory makes up a substantial part of the capital locked up in a business. Keeping control of inventory is helped by physical stocktaking which is done by counting, weighing or by other means to check all items in stock. Stocktaking allows a business to check the accuracy of all stock records maintained in warehouses, goods […]

  • by ASP Microcomputers / From General,Stocktaking / February 1, 2019 /

    All About Stocktaking Methods

    stocktaking methods

    If you own or operate a retail shop, you may already know the importance of stocktaking. In fact, stocktaking has numerous benefits for any type of business – whether a small, medium or large-scale establishment. The process may be carried out once a month, every year, or twice a year depending on the volume of […]

  • by ASP Microcomputers / From General,Stocktaking / February 1, 2019 /

    The Importance of Stocktaking

    importance of stocktaking

    In case you are wondering why you should stocktake, you have come to the right place. Whether you operate a small, medium, or large-scale business, regular stocktaking comes with many benefits. In fact, regular stocktaking will help you find new ways to improve your business and increase profits in the long run. You will discover […]

  • by ASP Microcomputers / From General,Stocktaking / February 1, 2019 /

    All About Stocktake Preparation

    stocktake preparation

    Being prepared for the process is crucial to the success of your stocktake. In fact, it will significantly smooth out the auditing and improve the accuracy of the stocktaking process.   Most Important Steps to Prepare For Your Next Stocktake There are many steps that you need to take before preparing for a stocktake in […]

  • by ASP Microcomputers / From General,Stocktaking / January 31, 2019 /

    How To Conduct A Stocktake?

    how to stocktake

    An accurate stocktake is crucial in effectively managing the inventory of your business. It helps the business owner to make informed decisions when managing his/her business. A successful stocktaking process will help your accounts staff to reconcile physical stock to the inventory records, and highlight the variances and identify any issues with the stock management […]

  • by ASP Microcomputers / From General,Stocktaking / January 31, 2019 /

    What is Stocktake in Retail?

    benefits of stocktaking

    Whether you operate a small, medium, or large-scale business, performing a complete stocktake at least twice a year is crucial for healthy inventory levels and minimising unwanted losses over time. However, stocktaking in a retail business can become quite frustrating, energy-draining, and time-consuming at times. On the other hand, the risk of serious human errors […]

  • by ASP Microcomputers / From General,Stocktaking / January 31, 2019 /

    The Benefits Of Stocktaking

    benefits of stocktaking

    Stocktaking is the process of physically counting the items in your storage or warehouse facility and checking the number against the numbers you have on your records. The process can be performed every month, twice a year, or once a year depending on the volume of stock in your warehouse. Even though stocktaking may cause […]