Whether you’re running a small or large business, having efficient inventory management is the key to rapid business growth.

One of the most common mistakes businesses make is overstocking. This issue occurs in both small and big companies. Despite seeming like a good idea, having too many stocks in your inventory does more damage than good.

Any business that sells physical goods must be familiar with inventory management. It is the process of ordering, storing, and tracking a business’ inventory.

If you are running a stock-based business, doing a stocktake regularly and correctly is essential. Having updated knowledge of the stock levels held in the inventory helps to avoid over-stocking, prevent stealing, and identify damaged or misplaced stocks.

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.

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.

Stocktaking is the process of checking and recording your inventory. It plays a major part in your business’ workflow as the insights you gain from it allow you to make sound business decisions in terms of purchasing, production, and sales.

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, mi...

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.

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.

Whether you’re handling inventory management using Excel or are using AdvStock’s retail solution, stocktaking is a critical part of running a retail store. Advanced and detailed planning is necessary so painful stocktaking won’t come into existence. Below...

Nothing is more cozy than being able to properly manage your inventories for sale. A well-managed inventory saves you from headaches. It saves your time, money and efforts too. A headache-free inventory system equates to a thriving business.

Stocktaking involves the process of physically checking the quantity and quality of the available items for sale in your warehouse. By performing the process, you will know how much you have in your inventory while taking note of the missing or damaged st...