Any business that handles stock must have excellent inventory management. Having the products needed to meet customer demand helps to propel a business to success. This applies to businesses of every size, including pharmacies.To correctly predict market demand, a business owner requires accurate insights into real-time stock levels. Said insights can be achieved by tracking the flow of stock using retail inventory software.

Here is why pharmacies must have…

One of the most common mistakes businesses make is overstocking. This issue occurs in both small and big companies. Despite seeming like a good idea, having too many stocks in your inventory does more damage than good.

Overstocking is an easy mistake to make when you don’t use a retail inventory software to keep track of your stocks.…

Any business that sells physical goods must be familiar with inventory management. It is the process of ordering, storing, and tracking a business’ inventory. Inventory management governs the flow of raw materials, components, and finished goods – from stock purchasing to sale – and makes sure all the stocks are used effectively and efficiently.

Inventory management makes or breaks a business’ cash flow. For instance,…

Any business that deals with physical goods must be familiar with stocktaking. The process involves counting the items in your storage facility and cross-checking the results with the numbers on your records. Some businesses conduct stocktaking once a year, while others do it on a monthly basis.

The growing role of technology in the business sector, particularly in the…

In this fast-paced world, businesses will not survive without proper inventory management. Having too little or too many stocks in hand can result in revenue loss, which dampens your business’ growth. The best way to maintain your inventory’s health is to conduct regular stocktaking.

The purpose of stocktaking is to keep track of all the physical items stored in your storage…

Stocktaking is the process of checking and recording your inventory. It plays a major part in your business’ workflow as the insights you gain from it allow you to make sound business decisions in terms of purchasing, production, and sales.

If you’re a manufacturer, stocktake reports tell you when to purchase the goods needed to make your products. Similarly, retail business owners can use the stocktake records to identify dead…

If you’re a business owner, you must be familiar with the process of stocktaking. Depending on your business’ size and type, this activity can be time and energy-consuming.

Every online or offline business selling physical products must be familiar with stocktaking. This process involves manually checking whether the quantity and quality of all the inventory a business currently manages are accurate and in good condition. 

By regularly conducting stocktakes, a business can gain insights into products that sell and don’t - essential information for avoiding product shortage. If you’re selling…

Whether you’re handling inventory management using Excel or are using AdvStock’s retail solution, stocktaking is a critical part of running a retail store. Advanced and detailed planning is necessary so painful stocktaking won’t come into existence. Below are the top three stock counting tips we came up with for the hardworking retailers:

1. Use inventory scanners or other types of stock counting technologies…

Stocktaking involves the process of physically checking the quantity and quality of the available items for sale in your warehouse. By performing the process, you will know how much you have in your inventory while taking note of the missing or damaged stocks. The key advantage of stocktaking is being able to know when a business is having surplus. Whenever the process is done right, stocktaking reveals no disadvantages. The task is actually tedious, especially…

Nothing is more cozy than being able to properly manage your inventories for sale. A well-managed inventory saves you from headaches. It saves your time, money and efforts too. A headache-free inventory system equates to a thriving business.

Stocktaking apps have gained much popularity with the growth of businesses. The inventory tracking app for…