4/11/2023 0 Comments Worldshift inventory editor![]() Your current inventory should be equal to whatever the count last week was, minus all sales for the week, plus the new inventory purchases.Īdvance to a point-of-sale (POS) inventory management method once your business size grows big enough to need a more sophisticated form of inventory control. You will then take your initial inventory count sheet, and do a full count of all your inventory.You will then want to acquire a list of any and all new inventory purchases for that time period (say, one week), as well as a list of the sales that occurred during the week (which represents inventory leaving).This will depend on how fast your inventory moves. You will want to pick an interval of time to regularly check your inventory by visual inspection and a physical count.It is important, however, to have a system of manually monitoring your inventory so you have a way to cross-check the accuracy of the software (or if you opt not to use any type of software). Inventory management software can be a helpful way to keep track of your inventory since it automatically updates your inventory records as new sales and purchases are inputted into the software. Inventory should be counted regularly, but can rely on statistical process or counting those items that move the most or the most valuable. ![]() A physical count also protects against unknown shrinkage and obsolescence.
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