Stock loss can have a huge impact on a company’s bottom line and the majority of it comes from human error, accidental damage or, sadly, theft. The last 12 months have been some of the most difficult in history for retailers across the UK and for the general public at large. It is in times […]
Covid 19 and stocktaking – 4 things the pandemic has highlighted
There are many lessons all of us can learn from living a year with the Covid 19 pandemic, not least in the UK’s hard hit retail sector. Changes to the high street, consumer trends and increases in online competition has made the last few years incredibly difficult for retailers with some simply not able to […]
How Brexit and a global pandemic have highlighted the importance of good stocktaking
After many years of negotiations, Brexit quietly happened overnight on New Year’s Eve. As a result, many companies are now facing significant disruption with the movement of their goods in and out of the EU block. Increased paperwork requirements have added hours-sometimes days-to the transportation process which has been bad news for fresh food produce […]
How has the Coronavirus affected retail supply chains? The importance of stocktaking right now
The coronavirus pandemic has hit every corner of the globe and had a deep and profound impact on our daily lives. While not being able to see loved ones is undoubtedly amongst our biggest personal challenges, in the world of business, disruption to the global supplychain has been a problem that has cropped up time […]
Why panic buying means you need a deeper understanding of your stock
During the UK’s first lockdown in March, it became increasingly difficult to buy goods that you might need as people emptied supermarket shelves and stocked up on important household items. Despite reassurances from supermarkets and supply chains that there is no need to panic buy and you can continue to shop as normal, areas of […]
Preparing for Christmas
Most consumers say that the run-up to Christmas starts when the John Lewis advert hits our screens, or for those of us who are a little older, when the Coca Cola lorry comes meandering around the corner. For retailers it comes much earlier, with preparations starting many months before that little red van gets out […]