Perform Hassle-free stock audits…
Costs are a big concern for business owners. While some are veiled, others are rather overt. For instance, inventory carrying costs can hurt production. Even if business owners were to try and keep it to a bare minimum, day-to-day hindrances of precisely tracking the list could be a pain. Proper inventory management invites precise stock information, which can be challenging. Small firms are often misled, fail to invest in monitoring systems, and frequently resort to erroneous manual and visual estimations. For the most part, manual stock audits mean closing the stores or the retail setup, hurting sales and employee productivity.
For your stock audit, retail, and restaurant operation systems, reach out to Oversee POS.
It would be best to have POS software with real-time data sync to ensure that all your stocks are in order and perform efficient stock runs. Even as stock checks are conducted, the software should allow undisturbed billing and sales.
Why do you need automated stock audits?
Various locations
As a retail outlet, your products are stored across various locations in your store. Keeping track of these can be tedious, primarily if one person is assigned to maintain the numbers. However, failing to keep track will impede the purchasing process, and a missing inventory entry during a stock audit can result in misappropriated purchases. Therefore, it is imperative to invest in automated stock audits that seamlessly cover various locations.
Variants of the same item
No single location has the same item – instead, there are variants. Different combinations vary in colour, size, pricing, and much more. During a manual audit, keeping track of all the matrix of items is incredibly hard, leading to inaccuracies for any combination. Such mistakes could lead to the stagnation of items, leading to potential damages incurred due to idle stock.
Barcode scanning
The traditional approach of counting stock manually and recording it on paper can evidently lead to errors. You need a system that eliminates redundant data entry and lowers labour expenses. With SKUs now being identified by unique barcodes, you can better manage inventories with the help of technology. Counting stock using barcode scanning is 100% accurate.
Business hours should not matter.
Heavy footfalls and buzz during the day will not allow staff to set aside time to count stock. Or interrupting a customer during peak hours would only lead to a painful experience. At the same time, it is impractical to wait for customers to leave the store and then sit down to count stock daily. Automated stock audits resolve these issues as items are accounted for during check-out. Any stock mismatch will immediately show up in the system.
Track and control your inventory in real-time and make informed reorder and purchase decisions with OVERSEE POS.
