Why counting more often is important in having the stock control?

Posted on August 22, 2023
Counting more often is important for having better stock control for several reasons:
  • Real-Time Accuracy

Frequent stock counts provide more up-to-date and accurate information about your inventory levels. This real-time data helps you make informed decisions about stock replenishment and ensures that your recorded stock levels align with the physical stock on hand.
  • Early Detection of Issues

Regular stock counts allow you to identify discrepancies or issues in your inventory management sooner rather than later. This enables you to take corrective action promptly and prevent potential stock-outs or overstock situations.
  • Reduced Disruptions

Frequent and smaller-scale stock counts (such as cycle counting) cause fewer disruptions to your daily operations compared to infrequent full stocktake. This minimizes the need to shut down your business for extended periods for inventory checks.
  • Improved Loss Prevention

Regular stock checks help identify inventory shrinkage due to theft, damage, or other factors. By catching these losses early, you can implement measures to reduce losses and improve security.
  • Optimized Reordering

Frequent stock counts provide more data points for demand forecasting, enabling you to optimize your reordering process. This helps you maintain optimal stock levels and avoid stock-outs or overstocking.
  • Enhanced Stock Accuracy

The more frequently you count your inventory, the less time there is for discrepancies to accumulate. Regular stock counts help maintain higher levels of stock accuracy and reduce the chances of significant errors.
  • Cyclical Nature of Inventory

Some items may have higher sales volumes during specific periods (seasonal products or promotions). More frequent stock counts help you adjust stock levels to meet changing demand.
  • Customer Satisfaction

Better stock control resulting from frequent counting ensures that you can consistently fulfill customer orders promptly, leading to higher customer satisfaction and loyalty.
  • Compliance and Auditing

Regular stock counts help ensure compliance with regulations and facilitate smoother auditing processes, especially if you need to provide accurate and up-to-date inventory records. Incorporating frequent stock counts into your stock control practices helps you maintain better control over your inventory, reduce the risk of stock-related issues, and improve the overall efficiency and profitability of your business.

It’s no longer “should I count?” It’s “can I afford not to count?”

At Altavant, as one and only official partner of DATASCAN in all over GCC and Europe, we help retailers achieve stock accuracy by counting more frequently. Don’t let a lack of employees slow down or limit your inventory counts. Now, you can experience the effortless stock take with our supplemental staffing. Get in touch with us to learn more.