DigiTally Stocktaking News

Am I Overstocked? How To Calculate Your Days Stock On Hand As a food business, gross profit margin and cash flow are the two most important parts of your business (outside of food quality) that are paramount to staying above the survival line and generating the profits you require..When generating your gross profit it is […]

7 Golden Rules Of An Inventory Count These are our general rules for inventory counting, although most are to do with a physical count, a lot of these rules still apply here when using a digital method such as the inventory counting software that Digitally provides. An accurate inventory count helps you make the correct decisions about […]

9 Ways For A Food Business To Increase Profits For many food business owners, they work hard, potter along with the everyday tasks, and for many businesses, they are not actively reviewing their margins. Receiving your end of year margin several months after the year has already passed is now a thing of the past. […]

What is Gross Profit? How to Calculate Your Gross Profit Margin – Step by Step Gross profit is your net sales (gross sales less VAT/sales tax) minus your Cost Of Goods Sold (COGS, also called Cost Of Sale). Your COGS is the direct cost of producing the product or service. Your sales is normally taken […]

Top 10 Inventory Control Tips When speaking with business owners, we are constantly asked “What is the best way to manage my inventory control?” We understand that everyone wants to manage their inventory efficiently to maximise profits! So, we have compiled a 10 top list of the most efficient ways of ensuring accurate inventory control […]

What Can Retailers Do To Decrease Stock Loss/Shrinkage? With an increase in stock losses by 22.2% and cost of over £5bn in lost sales to retailers, we have decided to provide you with a list of the top 10 ways to reduce stock losses in your business. According to RetailFraud.com’s 2014 Retail Fraud Survey, increased […]