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Include everything Individually recording every item might seem like a tiresome task, but cutting corners can have dire consequences. So take the time to check everything properly, including all your safety stock, cycle stock, and unfinished goods. Don't just rely on what the labels say.
Stocktaking is a process where you check, count, and record all your inventory manually. It is a significant aspect of your inventory control. Manufacturers need to keep records of raw materials required to build the final goods. So, stocktaking helps them in raw material inventory management.
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.
How to write an inventory report Create a column for inventory items. Similar to an inventory sheet template, create a list of items in your inventory using a vertical column. ... Create a column for descriptions. ... Assign a price to each item. ... Create a column for remaining stock. ... Select a time frame.
Stocktaking helps with your stock control. For example, if you sell food, you'll need to know when items are due to reach their sell by date so you can refresh the shelves when necessary. A back order, on the other hand, is when you accept orders but have temporarily run out of stock in your warehouse.