Product Review

How, why and when does a retailer conduct a stocktake? This extended article gives an overview of best practice in the area of counting stock or 'performing an inventory' in a retail business. Who should do the counting and what methods shouild be used? When should the counts take place? How should they be used to measure shrinkage or value the inventory in the business. "Taking stock" provideds some practical advice in a crucial but frequently overlooked area of the the retail business.