AdvStock Inventories

  If you’re a business owner, you must be familiar with the process of stocktaking. Depending on your business’ size and type, this activity can be time and energy-consuming. Yet, the importance of stocktaking is evident. Other than reducing loss and waste, doing it regularly will help improve your business’ revenue and discover potential and dead stock. If it’s done properly, stocktaking can even uncover theft within the business and provide insights for accurate stock level forecasting. As technology continually evolves, more small businesses switch from traditional inventory management to digital methods with retail inventory software. Besides streamlining the entire process, numerous retail inventory software offer other supporting functions that contribute to a business’ workflow. For example, stocktaking apps for convenience stores generally come with a point-of-sale system to speed up the checkout process. Some stocktaking apps for convenience stores even have schedule and t...

Every online or offline business selling physical products must be familiar with stocktaking. This process involves manually checking whether the quantity and quality of all the inventory a business currently manages are accurate and in good condition.  By regularly conducting stocktakes, a business can gain insights into products that sell and don’t - essential information for avoiding product shortage. If you’re selling perishable goods, stocktaking makes sorting items due to expire easier, minimising (if not eliminating) expired costs. The larger a business’ inventory is, the longer it takes to count the stock. Fortunately, today’s technology makes it possible to digitise the entire process. Various  retail inventory software  offers different functions and integrations with supporting tools to streamline the procedure. Many technology companies develop  retail inventory software  for specific types of business, equipping it with industry-based features and f...