We are about a week to the EOFY and businesses are required to count their stock before the 30th of June. Counting each and every item in your warehouse can be a chore and many companies admits that they conduct stocktakes badly or inefficiently as they found the process both time consuming and labour intensive. But physical counts does not have to be this way, you can run a smooth and fast stocktake process with the right tools and the right platform.
Counting your stock is crucial for your business as it helps you manage your stock better through better insights - how much stock are you holding, how much stock gets damaged or stolen, how much obsolete or expired stock are you keeping, what are your fast moving and slow moving stock and so on. Companies benefit from a smoother stocktaking experience with a live inventory management system such as Sage 300 or Sage X3 (Sage Business Cloud Enterprise Management).
A live inventory system improves the accuracy of your stock by making sure you have sufficient stock to fulfill orders but also by allowing users to replenish the inventory with more confidence. With a properly implemented live inventory system, your organisation will be able to avoid overstocking and stock shortages.
Sage 300 and Sage X3 presents real-time stock figure with the facility of running cycle or partial stocktakes which breaks down the task into smaller and more frequent counts (by location, by category, by stock type, etc...) which are easier to manage and faster to complete. Coupled with a warehouse management solution, your physical inventory count becomes easy and effortless with the help of scanning devices to speed up the process while pushing all the counts back to your ERP.
Contact us at firstname.lastname@example.org to see how our live inventory system can make your stocktaking process smoother and faster and find out more about our barcode scanning solution to turn days of stocktake into a few hours only.