Doing Physical Inventory
Managing your stock room more efficiently is a tedious task without the right tools and processes. This is easier said then done while managing your business, Selling goods, Managing employees, etc.... Lets have a quick breakdown of how to execute physical inventory and analyze what is selling and not selling.
Having the right tools for physical inventory really makes this job and I stress this job a lot easier on you and your staff. Having a handheld ipad with a scanner is the tool to get the job done faster and more accurate than doing it by hand. you are able to scan item and set the quantity. Below is an example report showing the variance you will be looking for.
So the moral of the story is having the right tools you will be able to do Physical inventory more than once a year and this will allow you to make better decisions ordering and maintaining your inventory correctly.