Learn how to undertake regular physical counts of your stock using the Stocktake feature.
Stocktaking is essentially the act of physically counting your material and product stock. In doing this regularly, you'll be able to see your exact stock on hand and identify any issues with your production processes.
For a detailed tutorial on Stocktakes, please see our Introduction to Stocktaking
Cycle Counting 🔖
Creating a stocktake 🔖
For more information on why inventory stocktaking is important to your handmade business, download our free Stocktaking Strategies for Handmade Success eBook.
Stocktake Accuracy Ratings 🔖
The stocktake accuracy rating calculates a percentage score and overall rating based on how close your Craftybase stock on hand numbers were to your actual physical count. It is designed to give you a better idea of your accuracy between stocktakes so that you can determine if improvements to your process need to be made.
A score is assigned based on the following:
|0||Perfect||Your physical stock was exactly the same as your calculated stock on hand in Craftybase.|
|+/- 2%||Very Good||Your stock numbers deviated by -2% to 2%|
|+/-5%||Good||Your stock numbers deviated by -5% to 5%|
|+/-10%||Okay||Your stock numbers deviated by -10% to 10%. In this situation, you may wish to review your stock adjustment and manufacture history to see if improvements can be made.|
|Review||Your stock numbers deviated by more than 10%. Depending on the material, this could indicate that you may need to review your stock adjustment and manufacture history to determine the cause.|