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Stock take


A stock take, or physical inventory, is the process of counting or measuring the stock at a company's location or sub-location. The stock quantities from a stock take system are known as quantity on hand, as they represent the quantity physically present, independent of whether the items have been reserved for future sales.

Stock take system practices vary in frequency for different kinds of businesses. For retail and restaurants, a business may do stock takes daily or weekly as a means of keeping a regular count of what is on hand. Other types of businesses, wholesale and distribution and manufacturing, may use stock takes on a less frequent or less regular basis to verify and correct stock levels that are kept up-to-date between stock takes based on the quantity deltas from shipments received or sent from purchases, sales, and transfers.

Businesses may do stock takes on location using paper and pencil, or typing into a mobile device, or scanning with a barcode scanner. Whichever process the company uses, the stock take software process should facilitate an efficient means of counting the stock items and recording them to update the stock records on the fly or after the stock take is completed.


Examples from Finale Inventory

Here is a video of using Finale Inventory for a stock take.


Stock take

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PARTNER STORIES

"Keeping track of inventory across multiple e-commerce channels can be just as taxing as streamlining fulfillment for online retailers. By partnering with Finale Inventory, we can help alleviate these pain points for our customers.”
Robert Gilbreath, VP Marketing, ShipStation

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CUSTOMER STORIES

Importing our data and training our staff was far easier than we imagined. Outshines other inventory control systems and asset tracking software for manufacturing hands down.
Howard & Sons, Australia

We've tried ERP systems at ten times the cost. Finale is the only cloud stock control system that had the depth of functionality to be used as order management software and warehouse management software while still being intuitive.
Illumination, USA

I would definitely recommend the product to everyone. Its simplicity yet scalability and speed is exactly what every inventory manager or COO must have.
LOX Extensions, USA

Saves everyone in our organization involved with products a ton of time and keeps me from running out of critical goods thus enabling us to grow continuously
AireBeam, USA


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