The stock take is a fundamental part of any business that deals in goods. It’s the only way you can keep track of inventory, see if your ordering process is efficient, and reduce over-stocking. However, in order to achieve these goals, you need a firm process for carrying out the stock take itself. Here, I’ve compiled a list of easy steps to help you do the perfect stock take. Dedicate…
Read MoreHow to calculate inventory shrinkage
Every time you sell an item, the value of your inventory on hand is reduced by the price of that item. Conversely, whenever you place a new order of stock, the value of your inventory increases by the amount you ordered. Your shrinkage is whatever discrepancies arise between the sales and orders you have recorded and the actual value of the inventory you have on hand. Let’s say you have…
Read MoreEverything you need to run a successful trade counter
Turbo Inventory integrates all your separate trade counter processes into a specialist, easy-to-use software. It links together with your accounts, invoicing and stock control, meaning you can save hours of time on admin. What Turbo Inventory software does (in a nutshell): Auto-calculates trade prices Creates customer-specific pricing Helps you negotiate with customers Auto-emails VAT invoices Generates and save quotes Prints delivery notes Auto-Calculate Trade Prices If you have hundreds, thousands…
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