This is the one reason why you will want to get serious about stock control

It shocks me when I hear of any retailer selling items for which they do not track movement, While they scan items when they sell them, to get the price, they do not ‘receive’ new stock into their POS software.

Not tracking the movement of all inventory in the business sets the business up for certain failure.

Not tracking stock makes the business considerably more vulnerable to theft. The evidence supporting this claim is irrefutable.

If you are serious about reducing the cost of theft in your business you will track stock.

If you are not serious about reducing the cost of theft in your business you will not track stock.

Yes, it is as simple as that.

Not tracking stock is a dumb move. It is like saying come on and take what you want, because I will never know what you take, I won’t be able to report it to the police, I will not be able to claim it on insurance, so come on in and steal from me. Better still, all my employees – it is open slather as you know for sure that I don;t track anything.

Yes, not tracking stock from the moment it arrives in the business is dumb, stupid. Those do not not track stock get what they deserve.

There are no excuses.

Plenty of suppliers provide electronic invoices. Receiving stock into your software is fast, easy and leads to accurate pricing.

I have stories, many stories, of extraordinary theft in retail businesses including small business newsagencies, amounting to. in some cases, hundreds of thousands of dollars, where theft of cash would have been caught much sooner had all stock been tracked.

It is not the fault of the POS software if the business owner chooses to use it badly. Just as it is not the fault of the car maker if the driver makes poor driving decisions.

I urge you to ensure all stock coming into your business is tracked from the moment it arrives. Do not put it off. If you don;t know what yo do, ask your software company, they are sure to have free training you can use to learn and get this under control.

The benefits will be less theft and better business decisions based on accurate data.