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How to do stocktaking Choose how often to do stocktaking. There's no getting around the fact that a stock take is time consuming and laborious. ... Print your stock take sheets. ... Organise your stock before the stock take. ... Organise staff. ... Stock control doesn't involve guessing. ... Validate your stock take. ... Update your stock records.
Meaning of stocktake in English to count the goods and materials owned by a company or available for sale in a store at a particular time: How often you need to stocktake is different for every business. stocktake. noun [ C ]
Table of contents Always plan ahead. Make use of inventory scanners and equipment? Start undertaking cyclical counts? Organise staff appropriately. Map out your store? Don't forget items that are in transit. Mark off all stock as it's counted to avoid duplication? Make sure the data for the stocktake is valid.
How to do a stocktake Set a date and time for the stocktake. Ensure your stock records are maintained and printed before the count starts. Count all physical items of stock. Review the records for any anomalies and discrepancies. Review your records for any reasons there may be a discrepancy.
Your stocktaking process should aim to deliver as close to 100% accurate readings as possible, which means you shouldn't estimate or guess on any number.