1. Why do I need Stocktakes ... ?
2. Why do I need an efficient POS System.. ?
3. What can a "Business Mentor" offer my business.. ?

Why do I need Stocktakes... ?

Stocktaking Tips for Remote Community Stores / Enterprises

• The Stores inventory (stock) is the most valuable (monetary) asset of the business and is also the most tangible and the hardest to control and account for.
• Stock control is essential in operating a cash flow business that has large inventory items from numerous suppliers.  Stock taking particular end of financial year is essential in order to evaluate the businesses balance sheet and operating profit and loss and overall performance.
• Ongoing and cyclic Stocktaking of high turnover items such as cool drink grocery item’s and cigarettes and fuel will provide you with the benchmarking and milestones that determine your management capacity in regards to shrinkage and spoilage.  Department stock-takes of high value items such as electrical goods require constant vigilance to ensure they are accounted for.
• Management must ensure the security of the stock with transport supplier invoicing theft and shoplifting is effectively minimised and contained
• Annual end of year stock-takes are the basis for taxation reporting and the most accurate assessment for profit and loss reports.
• True independence requires an external stock-taker to assess the inventory.
• If your Store is managed by employees an independent stock-take is essential.
• On a management change-over, a stock-take is desirable for peace of mind of incoming and outgoing management teams.
• We have experienced examples of inventory being adjusted for hundreds of thousands of dollars that could not be accounted for - act now and ensure you have an independent stock-take.

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Why do I need an efficient POS System ... ?

Whether you’re starting a new retail or want to upgrade your prehistoric point of sale system—these POS solutions will help you provide unsurpassed service and increase your bottom line 

Everybody knows that intelligent POS systems that are used properly are not only able to ring up and monitor sales, these systems are capable of storing loads of important information: from prices to inventory stock levels. In addition to these functions, management can easily prepare reports by accessing the information stored in the POS’ central hub.

If your POS system is accessed by an ordinary individual, all he will see are numbers representing sales figures, and possibly a few names and addresses of suppliers, and maybe the preferences or requests of valued customers. He would not know what to do with all this information, but to a store owner or for the management team of an enterprise, these bits of seemingly trivial information are of utmost importance. These data are the lifeblood of the business and it is through these statistics that they are able to map out the direction of their operations.

By viewing the sales reports, management can, not only identify buying trends, they can easily see which items are sellable and which ones are slow moving. They can modify their purchasing requirements based on these. Sales reports can also provide an overview on how the company is faring over a specific period. By reviewing this, management can see if they are on track or need to step up advertising campaigns to jack up sales. The individual performance of employees can also be monitored through sales reports as, in most POS systems, each employee must plug in a unique identification code before he would be able to use the program.

Apart from numerical figures, POS systems are also capable of holding databases and other information that are needed to successfully run an operation. Names and addresses of suppliers, contact persons, discounts given, payment terms and lead times are some of the data that can be stored in a point of sale system thus making ordering (and re-ordering) supplies faster and more efficient. With reference to clients and customers, the preferences or requests of valued patrons can also be inputted in the system. This feature is very valuable as, through the system, you can anticipate your client’s needs and better serve them.

In today’s highly competitive environment, you have to find ways and means to closely monitor how your business is running, see problem areas and plan remedies before it’s too late; retain your existing client base and expand to include new patrons. You are able to do all these through the data that is in your POS system. Given all these benefits, isn’t the investment in a POS worth it?.

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What can a "Business Mentor" offer my Business... ?

Remote CMS have an extensive background in strategic economic development, project management and community progress. As Mentors or Managers they utilise their expertise to advance organisational capabilities and improve outcomes, profitability, accountability, financial transparency and compliance. 

Key services include:

• Enterprise Mentoring Roles

• Insolvency Rescues and Negotiations

• Business Feasibility & Planning

• Remote Community Management Consultancies

• Staff Management

• Comprehensive Industry Supplier Contacts

• Grant Submission Development

• Point-of-Sale System Installations

• Warehousing

• Marketing & Sales Strategies

• Transport Logistics

• Asset Management

• Stocktakes

• Training 

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