Why conduct a stocktake
Why conduct a stocktake?
Most companies actually do not want to count their stock because often it is a manual procedure and requires too much preparation. However, accurate inventory does contribute to a healthy business, like:
Improved stock availability; having a higher inventory accuracy will increase order fulfillment ratio and decrease out of stocks
- Increased profit margins through more accurate inventory
- Improved cash flow by reducing slow moving items from your stock holding
- Less reordering of stock due to increased inventory accuracy
Would you also like to achieve this? Try Countit in your environment, after all, accurate inventory management starts with knowing what you have in stock first, before applying new procedures and routines.