Posted on September 20, 2018
- 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
