Digital Stocktaking with AdvStock
Anyone who is running a business must have been familiar with the process of stocktaking. Besides recording the quantities of all the inventory you currently have, it also involves checking the goodsÕ quality for any stock issues like damaged products, missing orders, and spoiled goods. Stocktaking should be conducted regularly as it affects your businessÕ purchasing, production, and sales. If it is done correctly, accurate stocktaking can help your business avoid stockouts, overstocking, and deadstock Ð all of which cause revenue loss. Unfortunately, the process is often time and energy-consuming. Businesses with a large number of stocks like drugstores and convenience stores can take forever to do stock control. Paper-based documentation is also a hassle to manage and organise, not to mention can be easily stolen and altered. Plus, since it is done manually, the results are prone to human error. Recognising the flaws of traditional stocktaking, we invite you to go ...