Here at Sterling Stock Auditors we feel that stocktaking is essential to the catering and hospitality industry. Yet, of course we would say that, as independent stocktaking business. In this blog post we would like to talk about ways in which stocktaking proves its value to a business.
How Can Stocktaking Prove Its Value To My Business: Example One
In some cases stock is never delivered. The delivery note says it is there and a member of your team ticks it off to say it has arrived. Yet when you look closer, you realise that an item of stock you ordered did not arrive.
In some cases a delivery driver says he left the barrel of beer in the cellar but will bring it tomorrow. Your team member ticks it off as arrived and thinks nothing more of it. Yet when the stocktaker completes your stocktake you see you are a barrel of beer down and can’t think why.
On looking back at the CCTV or speaking to the team member, it turns out the missing barrel of beer never arrived. This is why your stocktake won’t add up. You may then be able to contact the supplier and if it hasn’t been signed for, they may send you the missing stock or refund you for this missing stock.
This is one way that stocktaking can prove its value to your business.
How Can Stocktaking Prove Its Value To My Business: Example Two
It is normal to arrange special rates or deals with a supplier. This is extremely common when you order multiple products from one supplier or have been loyal to them. However, what happens when your main contact at the supplier leaves and someone else takes over your account and is not aware of these special offers of preferential rates? However in some cases a rep may agree a price that the accounts team have not applied to your order. At times like this you can request that credit is raised.
It is only when your stocktaker sees that the numbers don’t match that they look through your invoices and see the prices have changed.
This is just one more example of how stocktaking proves its worth to a business.
To find out how an independent stocktaker can help save your catering or hospitality business money then call us now. We can give you lots more examples of how professional stocktaking can pay for itself and add real value to your business.