Product inventory varies greatly between different industries, but controlling item movement within stores is a key goal for all businesses. Whether you sell thousands of tiny screws or hundreds of oversize couches, inventory control keeps costs down and a business viable for many years. A POS system puts daily inventory movement into perspective and keeps it accurately controlled.
Automatic Inventory Levels
If you have ever ordered a product that looked out of stock, but was really hidden in a drawer deep in the warehouse, you are not alone. Inventory mistakes happen constantly in any industry. These costly issues, however, have a simple solution. A POS system connects directly to your shipment receivables. The moment a new item is scanned into inventory, it appears clearly on your POS system. A customer that just walked in the showroom can quickly pick up an item received only a few minutes ago. You are aware of accurate inventory levels and their location immediately.
A company with several stores must have consistent pricing. Product A cannot be cheaper at store B compared to store C, for example. Your POS system communicates with as many stores as your unique design requires. If a supervisor changes a price in the system, it reflects the conversion at every other store. Confusion over pricing is not an issue anymore. Businesses with inconsistent pricing tend to look unprofessional, and possibly questionable, in their business practices.
Companies use promotion sales to entice customers into the showroom. They may pick up the discounted item, and other selections, that are not part of the temporary price reduction. Profits increase significantly with these shopping habits. A supervisor can easily alter prices in the POS system so that all associates are aware of the change. Customers walking into the showroom are immediately greeted with a well-informed associate that can cover any questions about the sale. Confused looks on associates' faces are a thing of the past, making the business appear streamlined and knowledgeable about the products.
Inventory is often miscounted when items are transferred between facilities. For example, a customer needs product A at store B, but the inventory is at store C. When the item is transferred and finally sold, both facilities may mark the inventory as sold, creating an inventory count as negative one rather than zero. POS systems automatically transfer the product information and count the items correctly. Human error is quickly removed to keep the inventory accurate for cost savings.
Being aware of inventory levels through POS systems makes the business run smoothly with little loss. Take a look at a POS system today to increase the bottom line. Transactions are easier for both employees and customers everyday.