All business owners understand how important it is to have control of their inventory. In this day and age, all but them most primitive POS systems can track current inventory on hand. This is crucial for making good management decisions regarding what items to expand or discontinue. In virtually all systems inventory totals are reduced by 1 unit each time an item is sold. So why aren’t inventory totals always correct?? Human error is most often the reason. Errors in checking out items are a small part of this, even smaller if you are scanning most products. Errors in receiving are a large contributor to inventory error.
The use of Purchase Orders in the receiving process can reduce those errors. In a multi-store environment, inventory transfer between stores can be a huge hole waiting for merchandise to disappear through. While human error can never be totally eliminated, having continuous positive control over all of your inventory is a goal that few POS systems can achieve.
With Merchant Advantage POS, you get real-time inventory control that you can rely on. The software can help tighten your receiving processes, both individually and by PO. As sales are made the detail of each sale remains in the system virtually forever. When something is returned in resellable condition, it’s scanned and goes back into inventory. And inventory level by item is viewable online as well as across multiple stores.
An Enterprise level of the software is available to manage larger store groups but even with multiple single store level licenses, you have positive control of inventory being transferred from one store to another. When you transfer an item to a different store, the inventory count will reflect that the item has left one location and is in transit to another. It won’t show up in the second location’s inventory until they confirm it has actually been received. In the interim, it shows as “In Transit” within the system.
And of course, the online portal at MerchantAdvantagePOS.com allows authorized managers to see product and sales data 24/7 from any computer or tablet with an internet connection.
Merchant Advantage POS positive inventory control saves both time and money. The ability to positively track your inventory allows you to confidently make inventory and product decisions from the available report data.