In a large scale of business where thousands of product ranges exists, it is important to know all your products/stock is located in the right place at right time. A traditional stock audit is time consuming due to manual counting and might also not be reliable due the human errors and this will distort the values on financial statements which can misguide the company stakeholders.
OCTO ERP’s Stock audit module will help a business with:
- Reliable stock audits within a very short time
- Minimal data entry
- Elimination of human errors and frauds done by employees
- Identification and proper record keeping of expiry, defects, damage, returns
- Discrepancy reports
- Allocation of responsibility over stock
- Enforcement of standard practises and controls
- Visibility through RFID/ Barcode tagged stocks
Call us on 0115 990501(Sri Lanka) or email us on firstname.lastname@example.org to know more information about setting up the OCTO stock audit feature.