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6 Reasons Why You Should Streamline Your Stocktaking Process
If something could benefit your stocktake, reduce waste and improve your gross profit margin, then it’s worth doing. One such example is streamlining your food inventory management process. These often develop over time but not always in the right direction. And they are not always updated in line with the growth of a business. This is why it’s worth reviewing and improving, so it supports a profit rather than become a nesting ground for loss. 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. For example, we always say go with a software solution because digitising this process significantly reduces the risk of problems. Automated systems are easy to use. They are simpler and, once in place, support smoother running operations. This naturally has a positive knock-on effect for other processes too.
It supports accuracy. Attention to detail matters. And especially when it comes to this process. By streamlining it, 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 and achieving.
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 There is no reason why you should waste your time with laborious and outdated processes if you don’t have to.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. It might be 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 or 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.