Stocktaking—it’s one of those tasks that often gets pushed to the bottom of the to-do list, especially when you’re running a busy business. But let’s be honest, keeping track of your inventory is crucial for making informed decisions, reducing losses, and ensuring smooth operations. While many businesses try to handle stocktaking in-house, outsourcing this task […]
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The Financial Benefits of Accurate Stocktaking
Stocktaking might not be the most glamorous part of running your own venture but an accurate stocktake can have HUGE financial benefits for you and your business, from reducing stock loss to improving efficiency all round. Makes getting it right a whole lot more interesting…right? Read on for even more ways that getting your stock […]
Preparing for a successful stocktake in advance
If you’ve ever felt a bit overwhelmed by an impending stocktake, you’re not alone. The key to a smooth and successful stocktake (like anything else) lies in the preparation. Think of it like planning a party—you wouldn’t throw one without organising everything first, right? So, let’s dive into the essentials of preparing for a successful […]
The Rising Tide of Shoplifting in the UK: How Effective Stocktaking Can Help Retailers Stay Afloat
In 2024, the UK has seen a sharp increase in shoplifting cases, with reports indicating a 25% rise compared to the previous year. This surge has been felt across the board, from high street stores to local corner shops. In fact, recent studies estimate that UK retailers lost approximately £1.8 billion to shoplifting in 2023, […]
The Importance of Stocktaking for Small Businesses
Stocktaking. You know you have to do it. You probably have an idea on how you’re going to tackle it. But do you really know WHY you’re doing it? Whether you’re running a cozy corner shop or a trendy online boutique, keeping a close eye on your inventory can make or break your business. Let’s […]
10 Common Stocktaking Mistakes and How to Avoid Them
You don’t need us to tell you that stocktaking is a vital part of managing any business, but let’s face it, it’s rarely as straightforward as it seems! Whether you’re on your first or 1000th stock count, it’s really easy to fall into a few traps that leave your data wanting. And inaccurate data is […]