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Tips for a Successful Stocktaking

Surely, running a business in the food and beverage industry is not that easy as it involves a lot of processes that can also be quite complex, especially for new entrepreneurs. Thus, many often wonder why they even need to perform food and drink stocktaking. Well, it is important so that the business would have smooth operations and in order to get the most benefit or profit out of it. However, it is a known fact that such thing is not that easy to do and so, to make things easier for you, below are some tips that would definitely help you out.



  • Plan Ahead
    Before anything else, there is a need for you to ensure that you are fully knowledgeable about all the resources that you have as well as the amount of time you would be consuming in performing restaurant stocktaking, as of course, it would take some time, especially if you have so many things in your inventory. In order for you to make sure that your business would not be interrupted for a long time, it would be best for it to be conducted during the quietest time or much better, after business hours. In addition to that, there is a need for you to ensure that all the materials or tools needed in performing it are ready.

  • Assign someone to do it
    This depends on your preference, whether you wanted to hire a third party who is an expert in food stocktaking or you wanted your staff to be the one to do it. The latter one is better for it allows your staff to be knowledgeable as well when it comes to managing the inventory. As much as possible, train your staff to do it and if you can, you can also teach him/her the best methods they can use to do it more effectively.

  • Make sure that there are no distractions
    Distractions only results to errors in the counts, which means that time and effort are wasted. Thus, you need to ensure that nothing would distract the one who does the bar stocktaking so that they would be able to focus on counting and so that they can provide accurate data. This also means that noise should also be kept minimal. It is also not advised for one to converse with others while they are counting. Bringing cellphones or playing music would also not help in the counting process.

  • Keep up with the latest value of your stock
    Of course, as you are doing business here, for sure, you want to earn money and not to lose some. Thus, you need to make sure that your stock is priced according to the most up-to-date prices. For example, if the price of the stock has increased, then there is a need for you to increase it’s selling price.

Without a doubt, improper food stocktaking can provide a negative impact on your business and so, as early as today, better exert more effort in doing it.