Using Your POS Software to Show Your Inventory Who’s Boss
Inventory management does not have to be a time-consuming task that frustrates and confuses you and your employees.
Even if you’ve adopted POS software to track your inventory, you might not be optimizing it. Utilizing the many features available in today’s POS software programs allows you to make smart decisions when tracking your inventory and ordering new items. Boost profits, streamline the inventory management process and manage a smarter and more efficient business with these POS software tricks of the trade.
Make Pricing Changes With a Click
Bumping up your pricing by a few percentage points no longer means hours of poring through spreadsheet after spreadsheet. POS software features a bulk inventory management option, which allows you to make wholesale changes to the pricing of your products. Leave the calculator in your desk drawer – entering a formula into a spreadsheet is all it takes to adjust pricing.
Track the Popularity of Products
As a smart small business owner, you know that the key to long-term success is keeping your customers’ must-have items in stock. At the same time, you don’t want to overstock items that sit on the shelves for months at a time. Inventory management requires you to keep hot products on hand and reduce your supply of those not-as-popular items. POS software can identify both your top-selling and least popular items, which allows you to make calculated decisions when it’s time to restock.
About the Author
Yamarie Grullon has years of experience creating helpful & engaging content for small business owners. As Manager of Content Strategy at ShopKeep, Yamarie provides merchants with practical advice on all things related to their business or their POS system.