We’re thrilled to introduce a new option that can be activated across all your sites outlets. This new functionality allows users to use a calculated theoretical stock on hand figure instead of performing an actual stock take. This feature is especially useful for instances when staff are unavailable or other operational reasons that prevent a closing stock count. This is optional, so your team can still record their closing stock as usual.
Here’s how it works: The theoretical stock on hand is calculated daily, starting with the previous stock count as the opening stock. It then adjusts for booked purchases, refunds, EPOS sales, stock transfers, and wastage since the last count, providing an up-to-date expected stock figure. This value consolidates product quantities from all stock locations within an outlet. For instance, if you have 10 apples in location A and 5 in location B, the theoretical stock will show 15 apples.
The theoretical stock on hand can be saved as the actual stock take, based on case sizes, with an option to edit quantities if needed. We recommend activating this feature in both the Requisitions and Stocktake pages. By displaying the theoretical stock figure when creating orders, this tool helps prevent over- or under-ordering.
To activate this new feature please contact your account manager. And if you’re new to IndiCater, reach out to the team and we’ll help you streamline your stock taking operations.
