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6 Reasons Why You Need to Streamline Your Stocktaking Process
Anything that will make your stocktake more accurate, reduce waste and improve your gross profit margin, is worth doing. Streamlining your stocktaking process will do exactly this and so much more.
The best way to streamline your stocktaking process is to get rid of the pen and paper and make the switch to a digital solution.
Here are some of the main reasons why we believe you should streamline your stocktaking process.
It simplifies systems. The more complex a process, the more room for error. Digitising your stocktaking process significantly reduces the risk of problems and simplifies the whole process.
It supports accuracy. By streamlining your stocktaking process you’ll significantly reduce spoilage, increase the accuracy of the count, and orders which inform pricing and all work together to make this a tighter, more efficient and effective way of doing business.
It encourages analysis. We always say, spend less time collating data and more time analysing it. There is no reason why you should waste your time with laborious and outdated processes if you don’t have to. They take time away from the more valuable tasks like looking at your data, so you know how best to proceed.
Make faster decisions. When you streamline your stocktaking process and improve accuracy, you can immediately make quicker decisions. If you have multiple sites and a digitised system aligning this process, you have everything you need at the touch of a button so you can instantly make faster choices.
It informs action. Not only can you act fast, but you are taking the right actions. Having the oversight and insight you need of your stocktaking process means you are much more informed to take the best steps forward.
It saves time. Last, but certainly not least, is the time you will save. Aligning a system such as this will remove any dead weight, promote efficiency and save you time across the whole process. You can spend this time elsewhere in your business.
A process that was taking 2 hours is now taking 45 minutes. That alone is enough of a reason to make this positive change for your business. From saving time and money to increasing efficiency and effectiveness, why have a system that drags out across the week when you don’t have to? If you streamline your process, you’ll be streamlining your accuracy, and most importantly, you’ll never look back.
