Understanding Stock Losses The loss of physical inventory, stock losses affect the revenue of every business—including those in the retail sector. In fact, retailers realize well that stock loss or inventory shrinkage is a real problem that can hurt the bottom line, causing sizeable loss of profits each year. To put simply, stock loss […]
Month: March 2018
How Often Should You Have a Stocktake Performed
Generally, hospitality businesses in Ireland and even abroad complete and record a stocktake at the end of each month. However, some businesses may perform stocktake more than once a month. Regardless of the frequency, performing stocktaking during the month is essential for maintaining healthy stock levels and minimizing stock losses in the business. This […]
How to Ensure a Problem Free Stocktake
Knowledge is power and the more you know about your stock, the better you will be able to manage it. By conducting regular stocktakes, you can gain valuable insights that enable you to make stock decisions proactively and more importantly, help to increase your bottom line. By revealing discrepancies between inventory records and the […]
