LIVE Stock Take - Pros and Cons

Typically you are advised to close your premises during a stock take. This results in lost sales which can never be made up for. Using BookMine you can continue trading during the stock take. BookMine will compensate for sales made during this period if the data logger you use records the date and time the count was recorded. Denso devices can be configured to include this. BookMine stores the exact date and time each count is processed which it then uses to compensate, determining if sales were made before or after the count was recorded.

This may result in small discrepancies (an example is where an item is displayed in more than one location in the shop, e.g. LocA and LocB. A count is registered for the quantity at LocA. If a customer purchases this same item from the quantity at LocB before a count is registered for it the total will be out for that item. However, if the sale had been made from the quantity at LocA the count would be correctly compensated for).

InfoMining is confident that discrepancies caused by these situations are negligible compared to typical human error and advises that the benefit of the LIVE stock take greatly outweighs any difficulties experienced due to not suspending trading.