What is Stock Control and How to Improve It

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What is Stock Control and How to Improve It

Article first published by UK Hospitality

Stock control, also known as inventory control, is used to show how much stock you have at any one time, and how you keep track of it. Efficient stock control enables you to have the right amount of stock available, in the right place, at the right time. It ensures that capital is not tied up unnecessarily and protects production if issues arise within the supply chain.

Capcon’s Stock Control solution

Our Aim

To create the most cost-efficient and complete stocktaking platform that is user-friendly and feature-rich, delivering total stock control for your business. Our solution is designed to be used by individuals across the business, from stocktaking specialists to those whose experience is more operational. 

Our Solution

Using our industry expertise, we have created a solution which delivers ease of use without compromising on speed or detail. Cloud-based, the solution is accessible on any device capable of browsing the internet. With zero install, minimal learning, maximum scalability, it is the perfect way to take back control.

Our Vision

To continue evolving and developing our products, to place effective stock control within the reach of all operators, adopting new technologies and adapting to new working environments. Simply, to always strive to provide the best, most advanced stock control solutions for all our customers.

Why did we do this

We have been specialists in advanced Cloud Based Stocktaking Software for the best part of a decade. 

Many systems that we have tested in the past have simply had a stock taking module bolted on to the original software, which means there have been compromises based on their primary function. 

Capcon’s system only has one function and that is to comprehensively record, calculate and produce accurate results based on the information that is entered. 

It is a stock management system developed by stock takers! 

With this in mind, we are able to adapt quickly to each client’s individual needs and requirements, a core factor in our success to date. 

Why we are leaders in the field of stock control

Cloud Based

  • Accessible from any internet-enabled device, meaning zero deployment into End User Systems providing a hassle-free rollout.

Easily Integrated

  • External information and EPoS Sales are easily imported.

Tax Jurisdiction Support

  • Giving the flexibility to support and operate stock control measures globally.

User Control Restrictions

  • Ability to provide different users with bespoke levels of responsibility within the system, providing logged user audit trails.

Operation size does not matter

  • The software is compatible with any size of business from a small independent pub to multi-sited hotels with any number of outlets.

Significant cost savings

Because our software is specifically a Cloud Based Stock Management System, it can be integrated into a company or individual site suite of systems, without having to purchase a new POS or purchasing software with it integrated, which can be costly.

Also, because of its ease of use it is possible to save on costs by managing the software yourselves, without the requirement of a professional auditor to complete the work. 

For some, this may seem daunting or might have concerns over the controls, but as part of our offering at Capcon we are able to provide support through the system which we can access over the internet. We also offer professional advice and investigation as part of one of our many packages we offer for various companies and individual budgets.

A typical cost of monthly stock audit from an external auditor could be around £3,900 per year.
Going self-managed with remote support from one of Capcon’s professional stock auditors costs £1,200 per year. This is a potential saving to you of £2,700 per year.
As an offer to UK hospitality members, we are discounting our self-managed stocks with remote support to £1,000 per year based on monthly stocks.
*Offer valid until 31 December 2022

Capcon gives clients easy access to a joined-up range of specialist business services spanning audit & stocktaking, reporting & data analysis, employee screening, payroll, corporate due diligence and other specialised compliance related services tailored for the hospitality sector. Together, we help businesses gain real-time visibility to improve strategic risk, make informed decisions, and increase profits.

Talk to us about how we can help you and your business. Contact Capcon on Tel. 01372 237 050 or Email. enquiries@capcon.co.uk. Alternatively, please visit: https://www.capcon.co.uk/what-is-stock-control/ 

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