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Stocktaking.ie
is a team of highly trained and experienced food, beverage and
retail stock auditors who can add value to your business today!
Why you need us:
We can.......
•
Identify Theft quickly
• Establish & Analyse Profit Margins
• Identify Cost In-Efficiencies
• Obtain Stock on Hand Valuations
• Identify slow-moving lines
•
Show staff you
care about costs
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FREQUENTLY ASKED QUESTIONS
What is stocktaking?
Who are
stocktaking.ie?
Why do I need to
stocktake?
Do
you only provide stocktaking services?
We conduct stocktakes in-house and are happy with the results. Why would we need to use an external company?
How can I be assured that my sensitive business information will remain confidential?
What do Stocktaking.ie charge for their services?
How often should I have a stocktake?
What is stocktaking?
Stocktaking is required so as to get an accurate valuation of stock in your business at a particular time of the month or year. This valuation is then used to generate gross profit reports for your business. You will then be able to see if your business is performing to the expected profit margins.
Who are stocktaking.ie?
Stocktaking.ie is a company based in Galway and have a Dublin team who provide stocktaking services to the retail and hospitality industry nationwide. We have a team of over one hundred stocktakers who can conduct stocktakes for all sizes of shops, supermarkets and all retail premises.
Why do I need to stocktake?
Stocktaking is a fundamental part of running a successful business.
By accurately stocktaking you are monitoring your:
- Profit margins
- Waste
- Pilferage
By not stocktaking, you will be ignoring potential losses that can be occurring every day in your business.
Stocktaking highlights individual variances in beverage stocktakes, wastage and stock losses in the kitchen and stock loss values in retail outlets.
If you have never had an independent stocktake in your business, we recommend you commission a number of stocktakes over a three month period to understand if there are problems in your business. If the results yield no discrepancies you will have peace of mind, however if discrepancies are identified, then Stocktaking.ie will be able to recommend a suitable course of action to eliminate stock loss.
Do you only provide Stocktaking services?
For retail business we provide a stock counting service. This reduces the need to conduct the stocktake in-house.
While stocktaking constitutes the bulk of our business, we regularly provide ancillary services as a result of the findings of a stocktake. These are mainly geared towards hospitality business and focus on:
- Loss prevention
- Gross profit analysis
- Menu Engineering
- Cost control audits
We conduct stocktakes in-house and are happy with the results. Why would we need to use an external company?
There are 3 reasons why you should consider an external company.
- Any person who has a hand in ordering or serving the stock should not be involved in a stocktake as there is always the risk that stock quantities could be increased or manipulated on paper to account for breakages or theft that may occur during the period
- An independent stocktaking business will report the findings "as is"
- It saves you time and money.
- Organising staff
- additional scanner
- changing rotas
- training staff how to use scanners
- management and staff overtime
- rechecking reports
- collating the stocktake results
How can I be assured that my sensitive business information will remain confidential?
Since launching in 2004, Stocktaking.ie has built a solid reputation as a discreet, professional provider of stocktaking services and accurate reports.
Your confidential business information will always remain exactly that. Confidential.
All our data and customer data is backed up on an off-site server which is operated by ProtectYourData.com where all data is encrypted and is only retrieved by Stocktaking.ie management team.
How often should I have a stocktake?
Retail Business´s four times per year
Hospitality businesses, once a week for four weeks and then once per month thereafter.
Several businesses do not want a stocktake on a regular basis.
The main reason for this is mainly due to the cost of the stocktakes.
Compare the cost of not having a stocktake with the cost of a drop of a few percentage points in your profit margin over the course of the year.
By knowing what your profit margin is on a regular basis you have the information to know if you are performing in accordance with your expectations.
For example, if you are expecting a retail gross profit margin of 28% and at the end of the year it comes in at 27% due to excessive wastage, pilferage and loss making product lines. Knowing this at the end of the year is too late to make adjustments to rectify any changes required. With regular stocktakes you can monitor your margins and assess performance. On a turnover of €3million that’s a loss of €30k. Think of the wages that could be paid with that!
What do Stocktaking.ie charge for their services?
Because every business is different, it is difficult to quote without understanding your exact requirements such as:
- Do you have a hospitality or retail business
- How often do you want a stocktake
- What is your estimated stock on hand
- What is the square ft of your store
- Do you require the stock take results to be read back into your EPOS
After a brief telephone conversation we will be better positioned to give you a free quotation.
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