How to Stop Stock Losses and Wastage Through Choosing the Right Stock Control Software

Stock Control Softwaretools are vital in a good stock control software solution.
So often you talk to retailers who are struggling toC. Incoming goods
manage and control their retail stock. The problemsAbility to select the linked purchase order, support for
they are having with inventory are generallyoback orders and purchase order adjustments are all
Damageo Thefto Inability to find where the stock is inimportant. Another great feature in the PBSAPOS
the store or warehouseo Unreliable stock level datainventory control software solution was the ability to
So what is the solution?adjust the fixed retail price via the incoming goods
The solution is the right stock control softwarescreen. There also needs to be support for supplier
combined with disciplined procedures.returns.
Recently I was working with some stores whoD. Stock take and stock adjustments
complained about their new inventory software notAs inventory is lost or damaged or moved between
allowing negative stock levels and requiring them tolocations you need tools to make the stock
receive product before they could sell it. Their previousadjustments to ensure your system remains accurate.
system had allowed them to sell product even if theIn addition a simple to use stock take module is
stock control software was saying there was noimperative in any good stock control software solution.
inventory or the stock level was negative.E. Stock Reports
The point is, if you want to control your product levelsIt is imperative that you have reports on stock
then you need to have stock control software thatmovement, stock sales margins, stock that needs
forces you and your staff to follow the rules. There-ordering, stock take reports, stock that is expiring
moment a system allows negative stock levels then(vital for fresh produce stores) and stock that is not
you can no longer trust the system. A good stockmoving
inventory control software ensures you have the toolsThese are just some of the important features you
to accurately manage your stock.need to consider when you look at stock control
What are the key components of a good stocksoftware.
control software system?The other aspect is that no matter how good the
A. Easy to use comprehensive product managementstock management software it is the user who has to
toolsmanage the system. This requires discipline. The
This includes flexible pricing, category/departmentsoftware should not allow negative stock levels but it
classification, support for customer specific pricing andstill requires the users to input stock adjustments, to
powerful re-pricing tools to make the management ofinput movement of stock between locations and
your margins as simple as possibleincoming goods procedures to ensure that what was
B. Purchase order generation and management toolsordered actually arrived. This is your responsibility.
Whether you have a small or large product rangeI wish you all the bets of success with managing your
tools that show inventory that has hit re-order levelsinventory through using the above details to evaluate
and other stock level and purchase order integrationyour stock control software.