Overview

EPOS REASONS - 9 - WASTE AND STOCK LOSS


The true margin is not the profit on sales, but the net profit once you take into account, theft, returns, wastage, and own use.


Before

Tills

Before


The stock is usually to large to count more than once per year for the annual stock take for the accounts. It is also quite likely that you have no procedures in place for handling the general adjustments that are necessary to maintain the system for shop breakages by customer and staff or product returns.

Solution

Tendering

Solution


The product ranges offered can be stored in multiple locations, and radio handsets correct stock levels instantly, and also perform rolling counts. The theft calculation requires you to know what you had so that when you have recounted you can calculate the lost, which is hard by manual counting. The time to count is so much quicker by gun, and you probably take weeks to count what a gun can do in days. The first count will bring home any weaknesses in checking everything is on the system, and provided that all items are on and cost priced then a valuation of stock holding by department produced Now we can identify shrinkage, own use and wastage, using the radio handsets.


Benefits

All activity relating to the stock balance or price changes get recorded from all parts of the system irrespective of the originating program. When brought together they represent a story book of movements by reason of the group and the products within it.



Features

  • Controls stock counts
  • Controls stock theft
  • Controls stock returns
  • Controls stock wastage
  • Controls stock own use