Never a thing that any business looks forward to, but it is not possible to run a business efficiently and above all know if it is profitable without undertaking a stock take at least one a year, well run business will do it more than that. Depending upon the necessity for totally accuracy or a close approximation, will determine when the stock take takes place. For most business, this is undertaken after trading has ceased for the day.
Stock taking for accounting purposes is undertaken by physical count or today it can be done through utilising barcode technology. Barcodes operating with a database can also be used to see at a glance which are the best selling lines and which ones are slow sellers, this can be valuable in stock ordering and ensuring that cash is not tied up with items which only sell occasionally and it serves little purpose in keeping large stocks of them.
Barcodes are also invaluable when it come to inventory checking, combined with an asset tag equipment can be located and computers, printers, Xerox machines, fax machines, office furniture and electrical appliances are protected and easily identified. Using asset tags is a simple procedure, and they are also a cost-effective method of identifying, tracking and preserving an organisation’s property.
Barcodes are the 21st century way of checking stock, ensuring that equipment is located and it is also serviced as required in order to keep it working efficiently. Contact us and we will be happy to discuss how barcodes, together with asset tags can keep you ahead of your competitors in today’s business world.