Doing a stocktake involves counting your business’ inventory on hand. Although it might seem like an arduous task, carrying out a stocktake is important and useful as it allows you to reconcile your physical stock with your inventory as recorded and to identify discrepancies. A stocktake is also a great chance to highlight other potential inventory-related issues in your business such as slow moving products, stock shrinkage and obsolete or expired stock. Here are ten tips to improve your stocktake.
1. Work out what you need to count
Understand what stock your business owns and, if you operate across multiple locations, where different types of stock are held. For different types of stock, make sure to determine what constitutes a “unit” of that product. Make sure to separate out stock that has been paid for by customers but which is still held in storage.
2. Think about timing
Consider how you will resource your stocktake and think about how it will be carried out. Will you close down during business hours, or will you carry out your stocktake after hours? If the stocktake will be over several days, you will need to think about how you will keep track of stock movements during the stocktake.
3. Determine the scope and purpose of the stocktake
Good stocktake planning also involves establishing priorities for the stocktake - will the stocktake simply be a count of inventory on hand or will it focus on resolving a particular problem or set of issues?
4. Ensure staff follow a consistent process when counting
Give stock counting staff clear directions about how you want them to count items. For example, staff could work from left to right, starting from the bottom. Having all staff follow a consistent process will reduce the potential for counting errors.
5. Mark items as you count
By having staff mark items after they count them, missed items are prevented and staff are able to more easily identify items that they have missed.
6. Identify ‘practical’ problems that make counting stock difficult
Even if you give staff clear directions about the method they should follow when counting stock, some non-standard items might present problems during the stocktake. It is a good idea to work out an appropriate procedure for counting ‘problem’ items before the stocktake gets underway. This tip is particularly important if some of your stock is hard to count or hard to reach. It is also important if your business deals in hazardous goods. Also, ensure that all staff participating in the stocktake understand the procedure which you come up with.
7. Reduce distractions where possible
Another way to reduce counting errors is to minimise distractions during the stocktake process. Make sure that staff are not unnecessarily interrupted during the stocktake process, whether by interruptions from other staff in the business or by mobile phones and other personal distractions.
8. Have appropriate oversight
To ensure accountability and accuracy, consider appointing a staff member to supervise the stocktake. You may also wish to have another staff member ‘audit’ the stocktake by randomly checking some counts.
9. Carry out a final check
After investing a potentially large amount of time and money into a stocktake, it makes sense to check to make sure that everything has been counted and that all of the documentation is in hand before returning to business as usual.
10. Review the process
Immediately after this year’s stocktake is a great time to think about the successful and not so successful aspects of the current process. Spend a little time thinking about ways to improve on this year’s effort and you could save a lot of time and stress next time around.Better yet, investigate using a perpetual inventory management system!
Socket Mobile barcode scanner is one of the most versatile bluetooth barcode scanner offer to the iOS device. It exhibit outstanding performance, reliability and usability compare to other brand in the market and long lasting battery to ensure over one day of usage with single charge. Following guide explain the step by step guide to pair the socket mobile barcode scanner with your iPad for Vend POS.
Once you've got your scanner, follow the steps below to set it up.
Socket Bluetooth Barcode Scanner
1. Press and hold the small power button until the LED turns blue, and it beeps twice (it will beep low and then high).
2. Your Socket barcode scanner is now powered on. Socket scanners have two different modes.
3. On your iPad, tap the 'Settings' icon to open the Settings App. Tap the 'Bluetooth' menu to open the Bluetooth settings.
4. Turn Bluetooth on. Your iPad will search for available devices to connect with. Once it locates the barcode scanner, Socket CHS, tap it to connect.
Socket Mobile QX universal stand allow any Socket Mobile barcode scanner to dock and enable auto scan features. By docking Socket Mobile 7Qi, 7Xi on QX stand, you are able to use Socket Mobile barcode scanner just like Omni-directional barcode scanner but with any barcode position (Omni-directional barcode scanner still require the barcode to be align with the laser light).
It’s no secret that the retail world is going through some major shifts. The continuing rise of
ecommerce as well as emerging trends like mobile and augmented reality are changing the way
consumers behave. In order to keep up, brick-and-mortar merchants must adapt to the
rapidly-changing landscape of modern retail.
Below are some the top trends dictating these changes. If you’re a retailer looking to thrive in the
coming years, be sure to keep the following in your radar:
Meanwhile in Indonesia, Toyota published an AR-enabled print ad that allowed users to see the
Toyota Yaris in a whole new way. All they had to do was place the print ad in front of their web cam and they would see the Yaris come to life.
See that girl with the iPad in the corner of the store, tapping at the screen while her eyes scan the products?
She’s not showrooming. She’s the store owner, and she’s using a mobile point-of-sale (POS) system to pull up sales reports and plan next month’s purchases.
We all know that a lot of shopping happens on smartphones and tablets, but what about selling that way? It’s a rising trend.
One of the powerful features that Vend user should leverage on is the Pricebook. Pricebook make it easier for the shop to manage variable pricing without constantly changing the product price or the need to create multi-tiers pricing which require to monitor with extra efforts.
Pricebook is date sensitive where it become active within the dates window and deactivated automatically outside of the window. It can be associated with customer groups by having different level of discount between regular customer and VIP customers. Since Vend keep track of customer expenses, you can upgrade a regular customer to VIP once they meet the minimum spending amount accumulated over the time. This will certainly make your customer happy!
For this tutorial, we will focus on quantity discount on a product using pricebook. This will allow you to set different level of discount base on the purchase quantity.
What is Alexa Rank?
Alexa.com defines themself as a "web information company".They rank every website and blog based on their traffic and some other factors.This Alexa Rank gets updated daily. Lesser the number better.
How Alexa Rank is measured?
You might freak out after reading "How Alexa Ranking is measured?"
Alexa.com is measuring your website’s traffic is one of the most unfair surveys around. Why?
They only record those hits which passes through their systems.That means your visitors either have to Install Alexa Toolbar on their browser or you should put an Alexa widget/plugin installed on your blog.
That means the blogs under the niche Blogging,Technology will have a better Alexa Rank compared with the blogs which are not related to Tech Stuff.
Disclaimer: This article is derived from VendHQ.com
Choosing the Right POS System for Your Business.
Welcome! This guide covers all the essentials in the POS selection process and it answers the most common and important questions that are bound to arise as you go about upgrading your system.
Why upgrade your POS? Well, aside from enabling you to easily accept and process payments, a modern POS system lets you sync, track, and manage virtually every aspect your business–from your inventory and sales to your customer data—all from one convenient location. It can simplify how you run your business, make information easier to find, and minimize mistakes. A modern POS system also enables you to better serve your customers and enhance their shopping experience, thus building loyalty in the process.
A modern POS, in short, can be a whole lot of awesome.
So let's find the best one for you.
Give us a Phone Call
We are always reachable via phone or email. Call our solution consultant at (65)9739 0150. Or email us at email@example.com
Setup Trial account
If you like hands on. Register your Vend account at vendhq.com and you can start using the system right away!
join our live demo
Still not sure? Don't worry, you are welcome to join our weekly (every Thursday) online demo. Just tell us who you are so we know you.
How do I run a sale in my store?
Price books can also be used for wholesale rates.
These sales automatically activate when customers from the assigned group purchase an eligible item.
Not sure what a customer group is? You can assign customers you create in Vend to a group so that you can report on sales and offer special rates.
Vend POS is a new generation POS that goes by monthly subscription. Just like you pay for your phone bill or Internet bill, Vend supply the services and you pay for what you use. There is no contract for the subscription hence you can upgrade, downgrade or cancel at anytime. Even for the hardware that you invested, you can sell it back to us if you decided to discontinue.
TIPS: Point of sale is one of the qualify product for IRAS PIC Grant and iDA iSprint Grant. Find out more
Point Of Sale
Shopping Mall Integration
Vend Pos Training