These items have been uploaded and published about the subject

Stock Control

POS SOFTWARE

Controlling stock control and doing orders, the reality is that the computer will win.

There is no way a person can keep in tune with their shop's twists and turns. There are too many stock items to keep track of in the shop. Here is a better and cheaper way.

The best way to do it is with predictive analytics (focus). These tools are generally too expensive for small to medium-size retailers unless they have our point-of-sale system. This is because we have embedded it into our software and give it out free. To use it is both intuitive and straightforward. It does not need much training either to use. Once working it produces less work than manual stock ordering.

Let's say you have a basket for tape. You cannot order limitless quantities of tapes. So what our users can do is use the option, focus order. It is an advanced type of "just in time" method of stock control, which gives you a plan of how much stock you should have now.


 

The computer tracks the stock on hand and estimates the stock level required for these goods in the period (focus). If it thinks that the stock on hand is too low, it can send an order to a supplier with the speed and accuracy that no one can match.

It is easy to set up and use.


You can control your stock with relative ease.

For details on how to do this, please, click here

 

Add new comment

Restricted HTML

  • Allowed HTML tags: <a href hreflang> <em> <strong> <cite> <blockquote cite> <code> <ul type> <ol start type> <li> <dl> <dt> <dd> <h2 id> <h3 id> <h4 id> <h5 id> <h6 id>
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.
CAPTCHA This question is for testing whether or not you are a human visitor and to prevent automated spam submissions. Image CAPTCHA
Enter the characters shown in the image.
POS SOFTWARE

Now most of us are sitting on a heap of old (dead) stock. It tends to be pretty bad this time of year because we have a lot of short holidays with specific themes. These require stock that are specific to the event. This stock if unsold will sit uselessly on the shelf, tying up cash unless you do something.

We have in our POS Software an extensive system to help you identify this old stock.

Click here for a training video on the identification of such stock.

As a tip, it's best to work with each department separately.

Add new comment

Restricted HTML

  • Allowed HTML tags: <a href hreflang> <em> <strong> <cite> <blockquote cite> <code> <ul type> <ol start type> <li> <dl> <dt> <dd> <h2 id> <h3 id> <h4 id> <h5 id> <h6 id>
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.
CAPTCHA This question is for testing whether or not you are a human visitor and to prevent automated spam submissions. Image CAPTCHA
Enter the characters shown in the image.
POS SOFTWARE

Many of you are now getting updated price lists. Every day someone is telling me that they are suffering from the scarcity of some goods. No shortage of reasons, I have noticed for the holdups.

It’s affected manufacturers and suppliers of Australian goods spanning electronic devices, smart home technology, medical devices, and manufacturing equipment. Distributors, installers, repairers, and others have all suffered from the flow-on effect of the shortages. Potentially, producers in these industries will also be hit:

 

 

Go into your in your POS.Software and you will find it is easy to do.

If you go into stock pricing (see the red arrow), you will find a bulk price on the menu item.

As suppliers now, they tend to use sections rather than update all their prices. You will need to select from a wide range of filters.

I find it very useful to use the partial stock name to specify only items with part of the name in the title. For example, only items with *pens* in the description.

Now select what you are going to update. In this case, it's retail price. But you can also change wholesale costs, business costs, website prices, or whatever. There is a lot of flexibility there.

Then select how your price will be updated by markup, by a percentage increase, or by an absolute number. You can set them all to be the same price, etc.

You can save a lot of time here.

Add new comment

Restricted HTML

  • Allowed HTML tags: <a href hreflang> <em> <strong> <cite> <blockquote cite> <code> <ul type> <ol start type> <li> <dl> <dt> <dd> <h2 id> <h3 id> <h4 id> <h5 id> <h6 id>
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.
CAPTCHA This question is for testing whether or not you are a human visitor and to prevent automated spam submissions. Image CAPTCHA
Enter the characters shown in the image.
POS SOFTWARE

Stock that doesn't sell is alluded to as dead stock. This stock takes up space in the shop and storeroom, where it is often neglected. It usually costs money to get rid of it. The best solution is not to get it in the first place.

This is not easy. The truth is that no one wants this dead stock. Everyone is trying to get rid of it, and if you are not careful, your suppliers will often try to get rid of it by shipping it to you.

Here we will discuss how your POS software can help you to stop getting more of this stock.

In your point of sale, software go to the stock maintenance and/or stock received.

Now edit the item. See the image below.

How to censure  a magazine

See where the red arrow is pointing. Mark it here as discontinued.

From now on, it will show it as NOT WANTED. If it does come into the shop by some chance, our point of sale software will put it on a list to be instantly returned.

Add new comment

Restricted HTML

  • Allowed HTML tags: <a href hreflang> <em> <strong> <cite> <blockquote cite> <code> <ul type> <ol start type> <li> <dl> <dt> <dd> <h2 id> <h3 id> <h4 id> <h5 id> <h6 id>
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.
CAPTCHA This question is for testing whether or not you are a human visitor and to prevent automated spam submissions. Image CAPTCHA
Enter the characters shown in the image.
POS SOFTWARE

Now is your last chance to review your merchandise before the holidays, as running out of stock now can have a dramatic impact on your business. Most usually recommend buying small items and ordering many times but not now unless you have some terrific deal. Most now recommend if you can get grab it.

Here is a unique report that is fast to run and checks the stock levels of what you have that is selling.

In the Cash register report,

Stock> Sold out or Selling Out Stock Lines

(See the selection highlighted in green above )

Enter last month, put in a sell rate of one (1), enter a quantity of less than two (2) items and see what you get.

Another example of how our POS Software gives you the information you need!

Add new comment

Restricted HTML

  • Allowed HTML tags: <a href hreflang> <em> <strong> <cite> <blockquote cite> <code> <ul type> <ol start type> <li> <dl> <dt> <dd> <h2 id> <h3 id> <h4 id> <h5 id> <h6 id>
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.
CAPTCHA This question is for testing whether or not you are a human visitor and to prevent automated spam submissions. Image CAPTCHA
Enter the characters shown in the image.
POS SOFTWARE

This is happening because we have so many integrations with suppliers. Our clients are now are often simply importing in the suppliers' files, great. 

But what is happening is that suppliers, when faced with 

-A product name that is too large for their systems
 -Products so like too many of their other products 
- Laziness

summarise the description. 

Look at the above real example. What does TAS mean? Looking at the book, our client could not find anything that made sense. We think it might be the supplier code "Trade At Settlement" since it is used by several items in their catalogue and the only thing common is made in Canadian. So it is was used to mark a product whose price is to be decided when payment is due because of currency fluctuations. For example, if you buy in Canadian dollars, you will not know the cost till the date of settlement. 

Now, what happens when your staff are looking for the item in your system and see the TAS? How does it help them?

If they cannot find it, they cannot sell it?

If you encounter this problem in your system, you need to change the description to something more meaningful.

A quick way of checking the most commonly handled products in your shop is to go to Register reports.

Now pick "Top N Stock Sales for a Given Period."

 

Now in the form put in the two months and ask in order of quantity and see what you get. If you cannot recognize some of the descriptions how can your staff?

Now it is up to you to do something!

 

 

Add new comment

Restricted HTML

  • Allowed HTML tags: <a href hreflang> <em> <strong> <cite> <blockquote cite> <code> <ul type> <ol start type> <li> <dl> <dt> <dd> <h2 id> <h3 id> <h4 id> <h5 id> <h6 id>
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.
CAPTCHA This question is for testing whether or not you are a human visitor and to prevent automated spam submissions. Image CAPTCHA
Enter the characters shown in the image.
POS SOFTWARE

Today, we are struggling to cope with the impact of pandemics on our supply chain. It has become more than a severe inconvenience that is affecting profitability.

On top of the supply problems, many suppliers struggling with shortages are quietly increasing prices and substituting old formerly unsellable stock. So prices are going up everywhere except in official Treasury figures.

What happened to us lately is interesting. We ordered two items for around $ 18 unit price and with a shipping cost of $15. But what happened was we were charged the two shipping costs of $30 in one parcel. They never did that before.

You must be cautious otherwise, you will not notice the price increase or replacement.

Older legacy systems with inadequate stock tools cannot do this. Here's a valuable screen if you need to check

Stock maintenance> History tab> Price change

What it does is provide a product history for each barcode and price change over time.

It is worth studying as this screen will be invaluable for you over the next few months until we get over this supply crisis.

Add new comment

Restricted HTML

  • Allowed HTML tags: <a href hreflang> <em> <strong> <cite> <blockquote cite> <code> <ul type> <ol start type> <li> <dl> <dt> <dd> <h2 id> <h3 id> <h4 id> <h5 id> <h6 id>
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.
CAPTCHA This question is for testing whether or not you are a human visitor and to prevent automated spam submissions. Image CAPTCHA
Enter the characters shown in the image.
POS SOFTWARE

POS Software menu

Many suppliers are starting to issue new price lists. It can be a lot of work to see if your inventory matches the latest price list.

 

So this is a simple way to do this:

Go to the report

Click Quantity on Hand and Price Check.

Exclude items that are out of stock in this exercise. If you do not have accurate inventory control, you should use the following rule, inventory activity from the selected date.

Then select the appropriate supplier.

You will see a report with items, costs, available quantities, and sales prices. Match it off.

Another example of how our POS Software saves you time.

Add new comment

Restricted HTML

  • Allowed HTML tags: <a href hreflang> <em> <strong> <cite> <blockquote cite> <code> <ul type> <ol start type> <li> <dl> <dt> <dd> <h2 id> <h3 id> <h4 id> <h5 id> <h6 id>
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.
CAPTCHA This question is for testing whether or not you are a human visitor and to prevent automated spam submissions. Image CAPTCHA
Enter the characters shown in the image.
POS SOFTWARE

This is a step by step discussion on how to investigate your stock for dead and slow-moving stock lines.

What often happens

If a department has many inventory rules, it is expected that 20% will be flagship products, 60% on average, and the rest slow to dead. Without action, 20% ​​of the flagship products get sold. These are often replaced by average products. Soon the department has fewer sellable products. The inventory fills with unsellable products. They take up the space, take up your capital, and, more do not attract customers.

 

Inventory Planning

This is where inventory planning comes in because you need the products that sell.

Now let's work on the greeting card. This is because there are so many products that cannot be controlled by gut and feel. As a result, consultants can demand thousands of dollars to do what your POS System can do for free using this method.

By the way, this is an actual example of what we did in a client's store.

We decided a baseline for a slow inventory line was one sale every four months. I agree if you think this is too low, but it was the initial decision because the problem was much bigger than expected.

So, go to Reports> Stock> Slow Stocklines. See above.

I would suggest as a first rule use two years, to give you a long-term perspective. So we put in less than six sales, and we had stock. 

We got a 16-page report which you will find interesting.

 

As you can see in the green, the total value of these items in stock at this store was almost $ 20,000. That $20,000 is useless for the business.

Let's take a look at the details.

See the red arrows. One item had one sale in two years. Twenty-four are still on the shelves now. The total value tied up here is $43.20. How long do you think it will take to sell these items at this rate? After two years, is it still marketable? Worth investigating, I think.

This is an example of how such inventory analysis can provide information to improve decision making. It can help reduce costs and improve sales.

 

Try it.

Add new comment

Restricted HTML

  • Allowed HTML tags: <a href hreflang> <em> <strong> <cite> <blockquote cite> <code> <ul type> <ol start type> <li> <dl> <dt> <dd> <h2 id> <h3 id> <h4 id> <h5 id> <h6 id>
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.
CAPTCHA This question is for testing whether or not you are a human visitor and to prevent automated spam submissions. Image CAPTCHA
Enter the characters shown in the image.
POS SOFTWARE


  

Do you have a Solid Information Distribution system that providing your staff with the tools they need to do their job?

This means ensuring they have all the resources they need to do their job. For example, someone is laying out the stock for a department. If they have a current sales report of what is moving now, they can do better. Just moving stock that sells well into a prominent position is a proven method of increasing. If so, would it not be helpful for that person to have that information? If they do not have it, the odds are they will go on feel, not data. That will cost you!

How can your staff give high-grade customers help if they do not have quick access to relevant information? Customers want results fast.

To efficiently perform in your shop, your team need access to such knowledge. Informed employees with instant access to necessary information can work better.

With our system, you can do all that securely.

Make sure your POS System is used to its fullest.

 

Add new comment

Restricted HTML

  • Allowed HTML tags: <a href hreflang> <em> <strong> <cite> <blockquote cite> <code> <ul type> <ol start type> <li> <dl> <dt> <dd> <h2 id> <h3 id> <h4 id> <h5 id> <h6 id>
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.
CAPTCHA This question is for testing whether or not you are a human visitor and to prevent automated spam submissions. Image CAPTCHA
Enter the characters shown in the image.