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Showing posts from April, 2022

The Importance of Regular Stocktaking

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  Any business that deals with physical goods must be familiar with stocktaking. The process involves counting the items in your storage facility and cross-checking the results with the numbers on your records. Some businesses conduct stocktaking once a year, while others do it on a monthly basis. The growing role of technology in the business sector, particularly in the stocktaking area, influences the birth of  stock and inventory apps . Advstock Inventories supplies this need with cutting-edge retail inventory software, available for iOS and Android devices. We offer stocktaking apps for convenience stores to provide business owners with insights into their inventoryĂ•s flow, making it easier to identify any deadstock. Our stocktaking apps for food and beverage and stocktaking apps for pharmacies help businesses avoid spoilage costs and ensure all products are safe for consumption. Advstock Inventories stocktaking apps for bars and clubs are designed to adapt to a fast-paced...

Smart Inventory Management With Stocktaking App

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  In this fast-paced world, businesses will not survive without proper inventory management. Having too little or too many stocks in hand can result in revenue loss, which dampens your business’ growth. The best way to maintain your inventory’s health is to conduct regular stocktaking. The purpose of stocktaking is to keep track of all the physical items stored in your storage facility. You process the findings into a comprehensive report and cross-check it with the records of your previous inventories. Stocktakes can be done every month, semiannually, or annually, depending on the inventory size. If done properly, stocktaking gives you insights into which products are selling well and which ones are not. This information allows you to make data-backed business decisions regarding restocks, inventory reshuffling, and what to do with dead stocks. Stocktaking also helps you prevent theft and fraud, providing additional security on your inventory. All in all, proper stocktaking brings...