The Need for Physical Inventory

THE NEED FOR PHYSICAL INVENTORY

COUNT INVENTORY REGULARLY

Mitigate the effects of missing inventory by regularly performing physical count of the merchandise in your store. You can get started by:

• Setting a date in advance to take full inventory

• Scheduling your staff accordingly

• Holding yourself accountable

MAKE IT MANAGEABLE

It can be overwhelming to think about counting all of your inventory by hand. Some tips to help you with this process are to:

• Break up your store by product category and take inventory in small segments

• Stay focused and ignore distractions. Put other work on pause until you have completed the task at hand

• Set up a schedule that includes mandatory breaks

ORGANIZE YOUR STORE

Preparing your store for physical inventory will decrease the time it takes to complete the process. To the best of your ability you should:

• Place products in their appropriate departments

• Ensure each item is labeled

• Turn labels so the UPCs are facing upward.

ricssoftware.com

800.654.3123

@ricssoftware

For the full guide, visit

or

RICSSOFTWARE.COM

CLICK HERE ▷