This video will be handy for those of you who run your own warehouse. Pallets are used every day and are shipped all around te world but they are often ignored as an asset. Managing Director Shan Manickam explains it is important to keep track of where they are and where they are going so you are not letting money fly out the door.

Managing your stock (both physically and on a system) should be at the fore front of your priorities all the time. We have found in the past that using MYOB works very well and it can give you history and break down by Stock Keeping Unit (SKU). The real key is to be diligent with every transaction that you make (even if it is sending a sample or a gift to one of your friends). The more accurate that you are with each transaction then the more accurate your inventory will be when you are re ordering stock or more importantly selling.

Another good idea is either do a stock take once per month (quite time consuming), or pick 5 – 10 different products per month and do them instead (saves time). This way you will know where you are at.

For more tips on this arduous task visit our blog where we have already addressed this issue.

For a comprehensive list of many Occupational Health and Safety related links visit http://www.ohs.com.au/Sites/
This site covers virtually every aspect of staying informed, knowing your OH&S rights and responsibilities and other tips to prevent workplace accidents. It covers areas of legislation, working with dangerous equipment, identifies potential hazards and offers solutions to OH&S concerns.

Following on from 7 Benefits of Maintaining an Accurate Inventory, Managing Director Shan Manickam talks us through 7 ways in which businesses can improve their work practices and maintain high standards of work to ensure that the stocktake process is accurate and efficient.

A PDF with a checklist and all the information included in this video can be downloaded here.