With stock take season more or less over it was good to see more newsagents use their computer systems in counting and maintaining stock on hand records. That said, too many newsagents still use manual stock takers who do not provide data which can be used to update computer based records.
Such manual and paper based stock takes are a waste of money for newsagents. Other than knowing the value of stock on hand, there is no benefit for the business.
By completing a stock take using your computer system you set your business up for better business decisions, ordering based on accurate sales data and having evidence with which to hold suppliers to account.
The benefits of an accurate on hand count within your computer system are considerable and far-reaching.
I’d urge newsagents to use their computer system for future stock takes, regardless of the system you have. By treading your business data as one of your most valuable business assets you set the business up for considerable flow on benefits beyond the stock count itself.
OK aslong as the data is correct. I have found staitonary items have been scanned at individual price but Total Retail has been boxed so Totals are way out.
Gosh last comment I made looks terrible . Worked until mid night last night finalising the stock take but it is still way out with box totals intead of individual for a number of stationary items.
Don’t know how to correct this.
We try to perform stock takes on a rolling basis during the year and thus avoid one big one at the years end. I know for a fact that our stationery is reasonably accurate as we use the system for stock replenishment and have to keep it accurate. Other departments replinished via the retail system are also accurate. Large departments such as cards are a challenge and I fear gifts may be a disaster. Fixing these are priorities fore us over the next couple of months.
Carol does this mean that they are scanning at box price when you sell them ?
No. The cost they are scanning correctly but are being recognised as a box for the cost price