What is stocktaking?
GET STARTED PRODUCT PRICING INDUSTRIES LEARNING ADVISORS CONTACT US Sales +64 9 801 6337 Send message Stocktaking Counting inventory is a pivotal part of stock management for any product-based business — no matter how sophisticated your inventory system is. Find out everything you need to know about stocktaking here. What is stocktaking? Stocktaking (or stock counting) is when you manually check and record all the inventory that your business currently has on hand. It’s a vital part of your inventory control , but will also affect your purchasing, production and sales . Much like any aspect of inventory, the process of stocktaking will vary hugely from company to company. Despite the name, a stocktake is about more than just stock management. Any inventory that your business needs should be included. If you’re a manufacturer, for example, then you’ll want to record products that you use to create your finished goods — because running out o...