News
Product counting is a fundamental part of the management and development of a company. It is a process of identifying, counting, and evaluating the inventory of a business organization. The goal is to keep inventory under control. In other words, counting products serves as a verification, since the data and numbers of physical items must correspond to what is registered in the company's digital systems. This practice brings many benefits overall to management. Therefore, understand how to integrate technology into product counting and what the advantages are of using these methods in favor of better management and logistics. In the end, you will see that there is a much more practical solution for product counting that can optimize this process even further. Check it out now!
How to do product counting?
Performing a product count consists of quantitatively determining existing stocks. It is simply a matter of conducting a count of the number of units physically present in the company and belonging to it. When performing an inventory, it is common for the store to undergo a "closure for stocktaking", as all teams are mobilized to count each item in stock and no movement disrupts the quantities physically present.
What are the different types of inventory?
There are two types of inventory: periodic inventory and perpetual inventory.
Speak with one of our specialists and discover how Pix Force can transform your business
Periodic inventory
A physical inventory must be taken at least once a year, at the end of the fiscal year. This obligation is prescribed by law. Once the quantities are counted, they must be valued. Stock is valued as follows: quantity x acquisition cost (or production cost).
Perpetual inventory
A perpetual inventory consists of real-time monitoring of every stock entry and exit. Many software programs or integrated management software packages facilitate this task. However, there is a real possibility of counting products through technology and artificial intelligence. If this sounds strange to you, know that the use of Artificial Intelligence is capable of optimizing counting, accelerating this process in seconds. In this way, using Computer Vision solutions to capture and interpret images can ensure more efficient stock monitoring.
Stock counting: how is it done?
The stock counting methodology known as cycle counting consists of dividing the task of taking and maintaining inventory into several steps. By thus distributing the efforts required for inventory management, stock counting improves the efficiency of the resources assigned to it, limits the risk of error, and, at the same time, improves the accuracy of your data about your inventory. Stock counting allows, in particular, to: • Identify sources of error
• Correct processes
• Quickly identify problems with company transactions
• Centralize stock information
• Make adjustments easily
• Clearly record stock movements
• Improve the profitability of operations
• Reduce storage costs
Therefore, several methodologies and technological solutions exist in the market. For several years, the most popular inventory management methodology for companies that need to manage a large volume of transactions and items has been cycle count inventory. Like any methodology, however, you must ensure that it is fully adapted to your situation so that it can meet your specific needs. Therefore, the best technology for counting products will be one that is fully applied to your company's reality.
Technology in product counting: is this possible?
Currently, technology in product counting is of paramount importance. Companies with automated inventory control can streamline operations such as inventory counting, purchase orders, shipping, and delivery. The successful implementation of inventory management technology is an important step towards fully automating business processes. At this point, we can say that automated inventory control is a modern process that uses cutting-edge technology to manage inventory within the supply chain. Warehouse management can effectively monitor stock levels. This control system can also perform other essential tasks, including: • Determining and maintaining reorder points
• Delivery management
• Inventory Stock tracking
• Integration of established systems
• Real-time data monitoring
These processes can only be completed with an inventory system, which improves supply chain management and efficiency with greater speed and accuracy. Business expansion relies heavily on established technological resources. If a company has an outdated inventory control system, it severely limits its scalability. For example, if an organization still uses manual business processes, product counting is slow and ineffective. Each location would need employees to track inventory, collaborate on data, complete purchase orders, and perform other necessary tasks. It would take a lot of time, labor, and capital to operate successfully and remain profitable. Therefore, we have a solution that is certainly more viable for those who need faster and high-quality product counting.
Fabio Caraça
Fábio Caraça is the Chief Growth Officer at Pix Force. He leads Pix Force's transformation into a scalable SaaS operation, combining strategic vision, culture, and high-impact execution.
