Industry-recommended approaches to achieve better stock control outcomes

Achieving better stock control outcomes is essential for your businesses across various industries to maintain optimal inventory levels, minimize costs, and provide excellent customer service. Here are some industry-recommended approaches to improve stock control that Datascan can help with:

• Implement Inventory Management Software

Utilize inventory management software tailored to your industry and business size. With Datascan, you can automate stock tracking, provide real-time visibility, and streamline inventory-related processes.

• Adopt Just-in-Time (JIT) Inventory

Implement JIT inventory principles to minimize holding costs and improve inventory turnover. Stock is ordered or produced only when needed, reducing excess inventory.

• Apply ABC Analysis

Classify inventory items based on their value and demand. Focus on managing high-value and high-demand items more closely while applying different control measures to each category.

• Use Barcode and RFID Technology

Integrate barcode or RFID technology for accurate and efficient stock tracking, reducing manual errors during stocktaking and order processing and thus, giving real-time visibility.

• Conduct Regular Stocktaking and Cycle Counting

Regularly verify and reconcile inventory levels through stocktaking or cycle counting to maintain accurate stock records.

• Leverage Technology Integration

Integrate inventory management software with other business systems like point-of-sale (POS), accounting, and e-commerce platforms for seamless data flow and accurate stock updates.

• Train and Empower Employees

Datascan provides training to staff involved in stock control to ensure they understand the importance of accuracy and efficiency in managing inventory.

Monitor your inventory-tracking progress from anywhere with user-friendly analytics display

With the world’s easiest-to-use barcode and RFID inventory counting solution provided by DATASCAN, you can significantly improve your stock accuracy, leading to more efficient stock control system, reduced costs, and better decision-making capabilities.

At Altavant, as one and only official partner of DATASCAN in all over GCC and Europe, we help retailers achieve stock control by providing full suite of services from equipment to staffing. Now, the effortless stock take with real-time visibility is in your hand. Get in touch with us to learn more.