At DigiTally (previously known as EasyCount), have over 15 years worth of experience when it comes to stocktaking and what methods you should be undertaking to make sure your stocktaking…
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Food margins are notoriously slim, so figuring out how best to control your food costs, more often or not boils down to a do or die scenario. Food costs play…
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For many business owners, they work hard, potter along with the everyday tasks, and for many businesses, they haven’t looked at their margins in quite some time. You’ll find loads…
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These are our general rules for a stocktake, although most are to do with a physical count, a lot of these rules still apply here when using a digital method…
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Gross profit (GP) is your net sales (gross sales less VAT/sales tax) minus your Cost Of Goods Sold (COGS, also called Cost Of Sale). Your COGS is the direct cost…
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DigiTally has achieved the coveted All-Star Food Inventory Management Technology Accreditation from the All-Ireland Business Foundation. Our team has been very busy over the last 8 weeks working with the…
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With an increase in stock losses by 22.2% and cost of over £5bn in lost sales to retailers, we have decided to provide you with a list of the top…
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As a food business, gross profit margin and cash flow are the two most important parts of your business (outside of food quality) that are paramount to staying above the…
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1. Manage your suppliers – Where possible fix prices with suppliers/vendors for a period of time. This is particularly important for meats (your highest cost product). For seasonal produce such…
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With accurate knowledge about stock movements and stock on hand, you can make informed decisions about theft/shrinkage, slow-moving items, damaged stock, technological discrepancies and warehouse processes which will all lead…
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