Stock control (stock takes)

All businesses need to perform a stock take at least once a year; if not to keep track of stock loss through theft then for their annual accounts. Small businesses will usually do this as an annual task, larger businesses may do this quarterly, or even monthly.

To assist with the laborious process of stock takes SimplEPOS provides a stock take facility. This allows the store team to tell the system what stock the store physically holds and for this to be reconciled against the system's inventory (ie. what the store should be holding):

Items of stock can be individually scanned or BULK scanned in the case of boxes or known pre-counted quantities.

An exception report produces a list of discrepancies between physical stock levels and computed stock levels allowing mistakes and big discrepancies to be spotted.

Multiple terminals can be used to count stock during the stock take so all the store's computers/EPOS terminals can be employed to assist the stock take. This reduces the time required, speeding up the process considerably.

Once completed the stock take process adjusts the stock levels to those physically counted, transferring lost and stolen stock off of the system.

In the case of a multi-site organisation this information can be polled by the head office system to produce detailed reports on stock loss or a quick valuation of the stock held at each store or for the whole business.

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