Service

Serving Australian enterprises since 1986, Associated Stocktaking Services South Australia has gained the experience significant to make it far in the industry. We are a company that aims to help your business run smoothly as possible through efficient stocktaking and inventory systems  for better tracking, as well as in the following areas:

  • Stocktaking in the hospitality industry (includes keeping up-to-date stock information, calculating quantity on hand numbers and working with businesses in coming up with comprehensive variance reports)
  • Stocktakes for business handovers (necessary when buying or selling your business)
  • Internal Stocktakes for regular inventory checking
  • Equipment and plant listings
  • Asset Identification Registers
  • End of Financial Year Valuation Stocktakes

To serve our clients in the best way possible, Associated Stocktaking Services South Australia believes that having cutting-edge equipment, effective and well-planned system, and trusted experts are what we need to make everything possible.

We connect to your enterprise’s stocking platform and provide up-to-date reports on the daily by using the latest barcode scanning technology and an efficient system. On top of that, you can rely on our experienced team to work on stocktaking and inventory management. They are equipped with the necessary knowledge by undergoing training and acquiring significant experience all these years.

With Associated Stocktaking Services South Australia, rest assured that your stocktaking and inventory management will help you and your business take a step closer to success!

Here’s a shortlist of why stocktaking is important:

  • Increase profit while reducing loss and waste.

Stocktaking is when you manually check and record all the inventory that your business currently have on hand. In doing so, you track the movement and quality of your products before you sell them to consumers. Without proper stocktaking and inventory management, you will overlook many issues such as lacking stock, damaged products, etc. These issues, when addressed early, can help you avoid bigger problems in the long run which affects sales, profit, and loss.

  • Provide accurate records and monitor sales performance.

Having a record and a system gives you the necessary data you need to make sound business decisions in moving forward. Example, because you know which ones perform well in terms of sales, you will know which products you should invest in more just based on the records you have. Another example is knowing when you have dead stock, that’s when you know you can have a flash sale to shift the stock. These decisions are important to keep the business running and earning.

  • Have a correct and accurate balance sheet.

Inventory is considered a balance sheet entry as an asset. It is very important to the accounting and finance department of each company that the balance sheets are correct and accurate. The data collected in stocktaking and inventory has a direct financial impact in knowing when you have asset gain or asset loss.

  • Monitor real-time stock levels and address issues before it’s too late.

Due to the fact that stocktaking needs to be updated regularly, you will be able to see the stock levels and movement in real-time, which will make it easier to uncover discrepancies and respond to them immediately. Common issues businesses usually face are theft, stock damage, deadstock, etc.

  • Monitor seasonal stock and expiry dates.

In business, time really is money. It’s essential in seasonal stocks and stocks with expiry dates because these are time-restricted. It’s important to monitor these items and make sure they are sold right away, or else you will be forced to sell it at a lower price.

  • Review pricing strategies.

Through stocktaking, you can compare your purchase price with your selling price. You can also analyze any changes in the market and how it will impact your margins.

  • Maintain 5s status in the factory and warehouse.

Stocktaking makes you organized which helps you in getting that factory and warehouse 5s scores high. Maintain this by doing stocktaking and inventory management regularly.