• by ASP Microcomputers / From / September 20, 2018 /

    What are the risks or implications for not doing a stocktake?

    • Stock being stolen or damaged could go undetected
    • Stock shrinkage – Inadvertently sending out more stock than you should ie one box of ten instead of one item
    • Stock value and cost of sale could be misstated in tax and financial reports
    • Customer satisfaction is effected
    • Running out of stock effecting sales turnover
    • Carrying too much stock or the wrong stock effecting profit
    • Not identifying slow moving or obsolete stock
    • Not identifying trends that may become a problem
    • Incorrect reordering of items and quantities