Stock taking is the process by which you can verify the quantity and condition of your assets or stock within the business. This may need to be completed as an audit of current stock valuation or to provide valuable information relating to stock levels and possible discrepancies.
Despite its obvious benefits to an organisation, performing a complete stock take can be a time consuming and consequently costly exercise for any business. It may be performed as an annual intensive review, or an ongoing process.
One technique which can dramatically streamline the stock-taking process is the use of fixed asset labels. Such labels can help you to track and monitor all assets or stock, in accordance with your specific requirements.
It is significantly quicker to scan a barcode label on each asset or stock item than any other alternative method of recording and capturing the information related to an individual item. By reducing the time to capture such information, a business can save valuable man-hours currently lost to the process.
It is also possible to integrate the information contained with the scanned details on the barcode label to your businesses tracking system, further reducing the timely process of collating the stock-take information.