Take Stock: Inventory choices can make or break you
Whether you own a store, restaurant, gas station or convenience store, a well-stocked and smartly managed inventory can be the deciding factor in whether your business is the “one that has everything” or one that patrons avoid because they “never have what I want.”
Inventory is one of the largest, ongoing investments a business owner will make, so it’s imperative that the proper steps are taken to manage this important asset. Accurate reporting also helps owners keep hot items in stock and avoid being overrun by products that don’t sell.
Gas stations and convenience stores have limited shelf space, so understanding the buying habits of your customers can be the difference between a profitable bottom line or a dwindling cash flow.
Fortunately, your point of sale system can save you time from tedious stock counting. Cash Register Express—Fuel Edition includes an integrated and robust inventory tracking module that enables merchants to have accurate stock reports at their fingertips. Each item sold automatically adjusts the store’s inventory levels. This functionality helps reduce or eliminate shrinkage, stock outages and discrepancies and monitor overall inventory movement for merchandise, food items and fuel.
Additional inventory management features that are standard in Fuel Edition™ include purchase orders, automated stock replenishment, min/max levels, back orders and direct store deliveries.
More in-depth reporting features include sales by shift or day, seasonal trends, actual vs. theoretical inventory counts, discrepancy reports, items costs and profit margins, low stock alerts and detailed sales histories of each product.
Even the best POS doesn’t replace old-fashioned counting and receiving processes, so Fuel Edition interfaces with pcAmerica’s Pocket Inventory, a mobile inventory solution. Pocket Inventory works with a handheld Windows Mobile device to count and process deliveries. The “count” feature allows staff to scan each product and enter the number in-stock. These counts synchronize with the POS and reports can be generated to show where stock levels are over or short.
No one likes lugging boxes further than they have to, so deliveries can be scanned in where they are received without bringing items to the register to scan. New orders can be created from the handheld by scanning shelf labels and entering the quantity to purchase.
For more information about Cash Register Express—Fuel Edition™ or Pocket Inventory, please call your pcAmerica representative at 1-800-722-6374.
Posted: July 17th, 2012 under POS.
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