Effective Stock Management15 Mar
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.
