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4 Steps to Better Stock Control

The word “Inventory”, according to Merriam-Webster, is simply defined as a list of goods that are in a place, such as a business location or warehouse. But many business owners know that inventory or stock can be a vastly more complex resource to manage and control successfully. Companies often over-invest in stock for the sole […]

Understanding The Most Popular Stocktaking Methods

If you own or operate a hospitality based business, you probably already know the importance of stocktaking. In fact, stocktaking has numerous benefits for any type of business – whether a small, medium or large-scale establishment. The stocktaking process may be carried out once a month, every year, or twice a year depending on the […]

How To Prepare For Your Stocktake

An accurate stocktake is crucial in effectively managing the inventory of your business. It helps the business owner to make informed decisions when managing his/her business. A successful stocktaking process will help your staff to reconcile physical stock to the inventory records, and highlight the variances and identify any issues with the stock management system […]

Quick Tips To Increase Your Pub Margins

If you own or manage a pub or restaurant you will know that in order to run a successful business there are many factors you need to monitor. One of the keys areas that can make or break a business is stock or more specifically your stocktaking routine. If you can implement an excellent stocktaking […]

Key Steps For An Accurate Stocktake

Performing a regular stocktake is absolutely essential for maintaining healthy inventory levels, minimizing losses and managing your profit margins. But many hospitality based businesses find them to be time-consuming, energy-draining, and frustrating. And without a clear, methodical plan, you face the risk of serious human errors such as over-counting or under-counting. These type of mistakes […]