What is Stock Take?
A stock take is a physical count of the goods on the shelves and in the store, compared with what the system says should be there.
Updated
Meaning
English
A stock take is a physical count of the goods on the shelves and in the store, compared with what the system says should be there.
Roman Urdu
Stock take matlab shelf aur godown me maujood maal ko hath se ginna aur system ke hisaab se milana.
Also called stock count, physical count, inventory count, cycle count, stocktaking.
Example
A cosmetics shop counts its lipsticks on the first Sunday of the month. The system says 214, the shelves hold 206. The 8 missing pieces, worth 9,600 rupees at cost, are booked out and the gap is investigated.
How it works
Every stock system drifts from reality: items are sold without scanning, received without entry, damaged or stolen. A stock take resets the numbers and, more importantly, shows how much is being lost. Full counts are disruptive, so many shops use cycle counts instead: count one category or aisle each week, so the whole shop is covered over a month.
Count when the shop is closed or quiet, freeze movements for the area being counted, and have a second person recount large differences. The value of the difference, not just the quantity, is what matters for the owner.
In Nafaa
Nafaa's stock count works by search, scan or a whole category: staff type what is on the shelf and see the system figure, the difference and its value live. A summary is confirmed before saving, and each difference is booked in or out as an adjustment.
Related terms
- Shrinkage
Shrinkage is stock that is lost without being sold, through theft, damage, spoilage, counting mistakes or supplier short deliveries.
- Stock Adjustment
A stock adjustment is a manual correction to a product's stock quantity, with a reason, when the system figure does not match reality.
- Stock Valuation
Stock valuation is the money value of the inventory a business holds on a date, usually counted at cost.