Main Reasons for Stocktaking Neglect

We find the main reasons why business owners have a dislike in stocktaking is amongst others because:

  • It interferes with your operations…
  • Then you have to move it to after-hours…
  • Then you must pay people overtime to get it done…
  • Then there is a good change that you won’t like the end result…
  • And that is why you fail to see how stocktaking adds value to your business.

At Trio Status Logistics we admit that these activities will influence on your operations.

However, we are also confident that with our decades of experience we can illustrate how your business will benefit from this cumbersome and time-consuming task.

We also regard asset verification as part of stocktaking.

Whilst the purpose of the end-of-the-financial-year stocktaking is mainly to determine financial values, stocktaking should also serves as a powerful management and mostly a control tool in the day-to-day operations of your business.

Our Stocktaking Services

Our services will assist and support you in the following:

  • Like most things that ends up being a success it starts with a proper plan. We will assist you to draft a proper plan that will address all fascists of stocktaking.
  • It will also addresses an equally important in-between spot-checking program.
  • This plan will attend to the 5 phases of stocktaking:
    • Planning
    • Execution
    • Investigations
    • Corrections
    • Finalisation

Why Stocktaking?

Stocktaking should give you an early warning of: 

  • Any form of shrinkage due to theft and losses
  • In-correct, careless or negligent handling practices
  • Storage facility issues
  • Any form of operational issues, including accounting, due to slackness in the timely completion of receiving, issuing and dispatching tasks.

Stocktaking gives you the opportunity to timely implement corrective or additional control measures or processes.

Also, stocktaking will indicate if proper warehouse management principles are applied regarding the FIFO rule, expiry dates, serial number control and stock level planning.

If properly managed, your stocktaking WILL add value to your business.