Shoplifting is one of the most common causes of stock loss, and makes up approximately 60% (nearly two-thirds) of crime committed against wholesale and retail premises, costing the UK more than £600m a year. The number of shoplifting offences in England has risen by around 25% in the last five years, with an estimated 950,000 instances of shoplifting […]
The Easter school holidays often mark the start of the busiest time of the year for many tourism businesses across the country, with visitor numbers soaring overnight in eager anticipation and hope that the great British weather will be kind this time around! As any good cub scout knows; the key to success is preparation […]
Technology has moved at an incredible rate over the past decade. If you think back just 12 short years there was no iPhone, definitely no iPad and computers were certainly larger than the laptops that we all now happily tap away on day after day. Warehouse stock control systems have had a similar rise in […]
Pardon the pun, but the new year is a great time take stock; to reflect on what went well, what could have gone better and make strides towards improving performance over the course of the next twelve months. Challenging times for mainstream retailers This is certainly true for many retail businesses across the country, with […]
As a retailer you’ll know that the run up to Christmas is a vital time for your business; Black Friday (which will fall on November 23rd of this year) is now the biggest single day for online spending not only in the UK but across the world and the months of November and December still […]
If you’re a retail business and offer items for seasonal sale at discounted prices then you’re definitely not alone; while Christmas sales used to commence on Boxing Day they now span all the way to November, with hard-earned consumer cash spent on days such as ‘Black Friday’ having soared from £400 billion in 2003 to […]
Providing an accurate and quality service for our clients has always been at the heart of everything we do at Abacus Valuers and we believe it’s one of the key reasons that so many of them continue to work with us for years and sometimes even decades! But we know what you’re thinking; every business […]
If you’re currently looking for a stocktaker it can be easy to think that we’re all the same and it’s just figures on a computer screen or dashes on a clipboard. The reality couldn’t be more different and the implications of getting it wrong can have a significant impact on your bottom line. So what […]
As a business it can be easy to think of a stocktake as a one-off event; something that happens sporadically or perhaps once a year. In reality it’s vitally important for you to always have a handle on your current stock levels. Once you have this knowledge and understanding it can come with any number […]
At the heart of every stock take is a lot of numbers, figures and counting. But this isn’t what it’s all about; it’s about the information that those facts and figures give you as a business owner and what you can then do with them to not only improve the current financial position of your […]
Stocktaking can so often be thought of as just numbers and tallies in a spreadsheet or on a clipboard, or perhaps something you ‘have to’ do each year, when in reality it can give you a rich and broad range of information that can help you to not only understand current stock levels but also […]
If you own or work for a retail business it’s vitally important you know how much stock you have at any given time. Too much and you could be left with a lot of unwanted items you’re unable to sell, too little and you’ll potentially be missing out on sales and revenue. No matter which of the two it is, they can ultimately have a large impact on how much profit you’re able to make.
We’ve worked with businesses of all sizes within the retail sector; from multi-nationals to local businesses with one or a handful of stores. We understand retail stocktaking inside out and with that in mind we know how to minimise the causes of stock loss in these businesses. To highlight some of the most common causes […]
If you’re currently considering the value an external stocktaker could add to your business, then you’ll no doubt be weighing up the pros and cons of an independent provider versus the current stocktaking or internal systems that are responsible for managing your stock. When we work with new clients it’s a topic we’re often asked […]
It can be easy to think of stocktaking as just numbers on a spreadsheet; inventories, sales and orders. In reality an effective stocktake can provide a business with so much more, from increasing efficiency and profitability right through to ensuring decisions are made based on a rich and thorough range of information. There can be […]
When you buy stock and inventory you’ll be doing so with the expectation it will be sold. But what happens if an item is lost, stolen or misplaced leading to it not making the shelves or perhaps even the store? It is estimated that the average UK retail business will lose as much as 2% […]
“I have been using Abacus Valuers to do our stocktakes for all my stores across Northern Ireland, including Tommy Hilfiger, Remus Uomo and others, for the past few years. I highly recommend them, for lots of reasons. They are a very trustworthy company, who take pride in their organisational skills, professionalism and their wide range […]
When it comes to stocktaking we know what it takes to deliver results that can not only improve your efficiency, but also potentially increase profits and reduce wastage.
If your business currently carries stock, there are a number of advantages to having an effective and robust stocktaking system in place. From improving your cash flow and increasing profits here are the benefits.