Taking an accurate stock of your business’s goods is an important task that requires careful planning and preparation. If you don’t keep track of your stock on a regular basis, you could see your profits fall and your business eventually fail. Here are some Do’s and Don’ts of a good stocktake that you may find […]

How do find your stock? Do you have a hard times in doing such thing? Does you have an accurate records of your stocks? Or maybe, you cannot determine the amount of item to be purchased? One problem face by every businesses today is stock complications. They cannot decide exactly how much to order in […]

The word „Inventory“, according to Merriam-Webster, is simply defined as a list of goods that are in a place, such as a business location or warehouse. But many business owners know that inventory or stock can be a vastly more complex resource to manage and control successfully. Companies often over-invest in stock for the sole […]

If you own or operate a hospitality based business, you probably 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 stocktaking process may be carried out once a month, every year, or twice a year depending on the […]

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 staff to reconcile physical stock to the inventory records, and highlight the variances and identify any issues with the stock management system […]