Services
How Does Stock Watch Work?
Our Process:
Stock Watch is now the most sought-after and versatile supplier of stocktaking services to the licensed sector. We have earned respect and trust by our clients nationwide and always ensure the highest level of confidentiality. Our flexible and high-quality stock control software allows us to offer tailored stocktaking services to meet the commercial stocktaking needs of your business. Our process is sophisticated and creates minimum disruption to your day.
| Phase 1 | Stock Watch carry out an 'Opening Stock' Audit and implement their recording systems. |
| Phase 2 | Stock Watch will return to the premises 2 weeks later and commence an audit on all stock cross referencing with the delivery dockets and sales on the clients system. |
| Phase 3 | Stock Watch will enter all of this information into their software which will immediately produce a summary report highlighting all anomalies. |
| Phase 4 | Each report is discussed in detail with the Owner/Manager of the premises to highlight the discrepancies and implement the improvement procedures. A report is emailed or printed on site. |
| Phase 5 | A provisional date is set for the next audit which is usually every 4 weeks. |
Our Software and Reporting
Stock Watch has continuously invested in its software. At the end of every stocktake, they will produce a report that highlights any problems on products and also highlights fraud and reinforce good business practices.
The Stock Watch Report contains the following elements:
Product Deficit: This section of the report will identify the problem items of your stocktake, along with the total value of these products. The advisory notes will provide solutions to help resolve these problems.
Stock-Till Reconciliation: This highlights the till sales compared to stock movement for every individual product in your premises and outlines the difference. It’s here that we show the variance for the last four stocktakes. Trends are visible on particular products and we pinpoint any ongoing problems.
Profit Discrepancy: In this section of the report we show the calculated sales (sales from the movement of stock) compared to the actual sales (sales from the till report). This highlights the cost of sales, gross profit in cash & as a percentage. We summarize the allowances for the stock period e.g. Staff Drinks, Comp Drinks, Waste etc. and finally highlight the discrepancy of actual cash.
Group Totals: An in-depth breakdown of sales, cost of sales and gross profit. This report can explain the overall margin achieved depending on the sales in each group.
Purchases: We summarize all of the products purchased in the stock period & a cost value.
Stock Analysis: This section outlines the cost price, selling price and margin of each individual product. It also shows you the total value of all stock ex-vat on your premises.
At the end of every stock take the benefits to you are considerable. We have an in-depth discussion with you in relation to our findings. We will offer solutions to assist you in solving any issues that we have highlighted. We will then e-mail or print your report.
