With EOFY fast approaching, small businesses are faced with the task of stocktaking. Keeping tabs on what stock you have not only keeps you in control, but it can also have a big impact on your bottom line. Here are five smart ways Grace Self Storage can help you stocktake.
Plan for Success
A stocktake sounds simple – after all, it’s just counting, right? The truth is there’s a bit more to it than that. No matter how big or small your business is, you need to have a plan. Before you get counting make sure you print a current stock list. Gather up all of the items you’ll need before you begin – your stocktake survival kit should include labels, pens, highlighters, calculators, spare boxes and packaging tape, and a sense of humour.
Store Excess Stock
A stocktake is the perfect time to sort and store your excess items. Get strategic by separating your stock into categories, including any extra or seasonal stock you don’t need to access every day. Take the opportunity to free up valuable space by storing your extra stock in self storage. With Grace the self storage unit comes to you, which means there’s no need to make extra trips. Just load the surplus directly into the storage unit and Grace will take care of the rest.
Make a List this Stocktake
It may be fresh in your mind on the day you do the stocktake, but trying to remember what you counted a couple of months down the track isn’t as easy, so make sure you keep a good record. List as you count. It can be easy to lose count so try to avoid distractions and find a quiet time to stock take. Develop a system for counting that works for you, whether that be counting in piles of 10 or counting out loud.
Time to Tidy
A stocktake is an excellent opportunity to tidy your space up. You’re pulling out your boxes anyway, so take advantage of this rather than just putting things back how they were. Before you seal and close count, make sure your stock is as accessible as possible, as there are always stray stock pieces. To avoid having to recount, write the count on a post it note and stick it to the box, so that if you do find any extras it’ll be easy to keep track.
Box it Up
The key to a stress-free stocktake is being organised and staying that way. There’s no better time to make sure your stock is safely and neatly boxed up. Take the opportunity to check the quality of your boxes. If you notice any sagging, tears or sogginess, replace the box and seal it properly with packaging tape. Don’t forget to plan ahead and order your boxes before you start your stocktake.