Inventory Management

POSperfect recognises that good inventory management is the backbone of any business large or small.  In the current economic climate, your business cannot afford the overstocking of non-performing items, costing you cash flow, time and storage space.  Also, failure to keep adequate stock of popular products costs money through lost sales and profits.

Proper inventory management allows you to track the products you sell.  With POSperfect, you can see at a glance what items sell the most, what time of the year that more are sold, and have a chance to see what patterns develop so you can plan your buying accordingly. For an example, if you are a clothing merchandise store, and you find that you sell more coats and hats during the fall, just before winter, or during the spring, you can order more of these items before then, so there is enough merchandise beforehand. It also helps you track products that don’t sell as often, or at all, so you can either not order as much as you would routinely do, or maybe even decide to discontinue this product line altogether.

Having the right inventory management software is the key to effective stock control and the efficient running of your business. Supermarket shoppingToday, inventory has become streamlined, with bar codes, scanning devices, and computers, so you need software that keeps up with the latest technology. You need to be able to find out at a glance if you are running out of something, rather than going in the back or having to call the warehouse to find out. Your inventory managers need to be able to quickly and easily count how many items there are, and be able to scan the bar code and have it downloaded into the computer automatically, without having to physically write down the information and then input it into their inventory computer. POSperfect delivers all of this and more.

Inventory management is vital to today’s businesses, especially in the retail market. In order to keep up with sales, trends, and popularity of a certain product, or line of products, the only way to do this is if you can track what sells, how much does at certain times of the year, and what products are losing ground. This really is the only way to keep up with your competition, order the right amount at the right time, and know whether to eliminate products that just aren’t selling, saving you space, time, and money.