Do I need to close my doors to conduct a stocktake?

There are various modes and frequencies of conducting a stocktake such as daily, weekly, monthly or annually.  If you are doing more frequent stocktakes then typically you don’t need to close your doors but you do need to close off the stock you are counting to ensure you get an accurate count.  For those who undertake a stocktake annually, which is typically as close to the end of the financial year as practicable, then it is usual to lock down the stock and cease the movement of stock coming in or going out.  Using an automated system such as a portable barcode terminal and stocktake software will dramatically reduce the time to conduct the stocktake and therefore saving you money in areas such as labour costs.  The return on investment [ROI] on the stocktake solution will be quick.