Press releases worldwide
Understanding manual stocktaking Manual stocktaking involves physically counting inventory items using paper forms, spreadsheets, or basic checklists—often without real-time system integration. This traditional approach typically requires closing off sections of the store or warehouse, assigning staff to count and record […]
Retailers must conduct regular stocktakes to maintain accurate inventory records, which are essential for effective business operations. A stocktake helps identify discrepancies between actual stock and recorded inventory, revealing issues like theft, misplacement, or data entry errors. It also enables […]
Stock variances after a stock take: What is the cause? Stock variances refer to the difference between the actual stock of goods captured during the inventory and the stock recorded in the accounts or inventory management system. These differences can […]
In any business that manages physical goods—whether it’s retail, wholesale, manufacturing, or logistics—accurate inventory management is non-negotiable. Stock taking is the foundation of this process. It ensures that the actual inventory levels match what’s recorded in the system, helping to […]
Taking inventory take made Simple: Importance and Practical Application What is an inventory take? Definition and purpose Taking inventory is a systematic process conducted annually to capture a company’s assets and liabilities for accounting and financial reporting purposes. This involves […]
A stock take is the process of physically counting and verifying the inventory a business holds at a specific point in time. It involves comparing actual stock levels with recorded inventory data to ensure accuracy, identify discrepancies, and maintain proper […]
The digital revolution in logistics is no longer a concept of the future — it has firmly become reality. Intralogistics 4.0 refers to the full-scale networking and automation of all internal material flows, from inbound goods and warehouse operations to […]
Stock taking: importance and legal requirements for businesses Inventory management plays a crucial role in business accounting, ensuring an accurate record of assets and liabilities. It provides transparency regarding actual stock levels and serves as the foundation for proper bookkeeping. […]
A stock take is the process of physically counting and verifying the inventory in your warehouse or store to ensure that recorded stock levels match actual quantities. This is a crucial aspect of inventory management, helping businesses maintain accuracy, prevent […]
Manual inventory counts are often inefficient and error-prone, leading to inaccurate data, operational delays, and increased costs. Without a digital solution, businesses face challenges such as human error, lost records, and a lack of real-time visibility. The COSYS stock taking […]