A stocktake is a challenging but vital part of any company with inventory, especially given inventory can be one of the biggest assets of a company. However, using the right techniques and cloud-based stocktaking software can help. Here are 10 tips for a successful stocktake:
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Ensure inbound shipments are closed off
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Finalizing sale orders
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Maintain an organized work area
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Provide the necessary tools for a stocktake
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Decrease distractions in the warehouse
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Maintain auditable records
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Count all inventory items - do not estimate
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Know the value of each inventory item
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Update records upon completion
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Use this stock take to shape your next one