Since no immediate profit is seen to be produced from conducting stocktaking, some organizations view its cost as a waste. Stocktaking is better be viewed as an investment especially in these days where competition is very high and companies are trying to make a profit from every direction. To make the most out of stocktaking, the outcome figures must be as accurate as possible and the stocktaking process is carried out in most efficient and cost-effective manner.

MiStocktaking® delivers powerful, easy-to-use stocktaking system to businesses of all sizes. MiStocktaking® utilizes mobile data collection feature for your inventory, goods, and tangible items. Reading RFIDs or barcodes, MiStocktaking® can be set to count and categorize inventory items based on their type, batch number, serial number, coupon number, or status along with the items location in the inventory.

The stocktaking process is implemented as a task in MiStocktaking®. This means that the administrator can create a stocktaking task and assign it a specific user. When creating the task, the administrator sets the granularity of that task to whole inventory, part of the inventory (a particular lot), or a particular item. The administrator can also create a single stocktaking task and assign it to multiple users then MiStocktaking® compares the outcomes the users generate and reports any discrepancy back to the system administrator. This is one of the powerful features MiStocktaking® offers that makes it easy to validate the stock figures.