2. What is Stock-taking?
Stock taking is the physical verification of the quantities
and condition of items held in an inventory of warehouse.
3. 1. Schedule your stock takes to
reduce impact on Business.
It is important to plan ahead before you begin your stocktaking process.
This means having a full understanding of the resources and time required,
so as to reduce the level of interruption to your business operations.
4. 2. Clean and organize the stock
room
Before stock taking, it is important to clean and
organize the stock room. A clear and organized
stock room helps in minimizing the risk of errors
during stock taking.
5. 3. Organize your stocking tools
ahead of time
Before you begin stocktaking, the manager or supervisor
should double-check that each and every staff has the
necessary tools for the job.
6. 4.ONLY USE UP TO DATE INVENTORY
DATA
Only count inventory that belongs to the business. Not all
stock held in a distribution centre belongs to the business. If
stock has not yet been shipped then it does not belong to the
business.
7. 5. Open and count absolute everything
no guess work allowed
During stock taking make sure that as stock taker your aim
is to have an absolute accurate stock, have your
stocktaking method should aim for readings that are as
close to 100 percent
8. 6. Know what stock you counting and
how you are counting it
Even if you have a large warehouse filled with various types of
stock/inventory or just a small stockroom with few types of stock,
let stock takers know which section they will be counting in what
order. Then create a clear system for how they should physically
count your stock.
