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The simplest way to track inventory is to manually count your inventory every two weeks and compare the numbers versus sales. That's known as periodic inventory. There is also perpetual inventory, where inventory management systems like BinWise are used and integrated into your business's POS.

The way we manage POs in 2024 is not fit for purpose. Excited to be joined by Alex Hardwick Euan Granger MCIPS and Natasha Brown to discuss the opportunities for better PO management and the impact it will have in manufacturing In this live webinar, we will be exploring firsthand insights on how to: 1. Generate cost savings with smarter PO management: Spot inefficiencies, measure success with KPIs, and quantify savings. 2. Slash expedited freight costs: Review detailed charges and plan strategically. 3. Streamline supplier cooperation: Align plans, goals, and communicate for mutual success. 4. Handle slow/obsolete stock: Identify, devalue, and decide on action efficiently. _________ 👇 Link in the comments to register!

As a retail manager, keeping track of inventory is crucial to business success. Here are some tips to ensure your stock levels are accurate: - Conduct physical counts and compare them to on-hand counts regularly. - Keep an eye out for empty packaging and collect them to adjust on-hand counts. - Watch for outs, empty peg hooks or shelves, and most importantly, customer complaints. - Check for returns in the POS system and investigate any refunds of the item. - Take daily or hourly walks to spot issues or patterns of items being pulled off the shelf. By following these steps, you can stay on top of your inventory and avoid any potential stock issues. #retailmanagement #inventorycontrol #businesssuccess

11 things happen when manufacturers manage POs effectively. 1. Effective 2. PO 3. Management 4. Saves 5. Money 6. Avoids 7. Delays 8. And 9. Improves 10. Inventory 11. Turnover Managing POs with better control, visibility, and automated workflows will: → Cut down hours wasted on mundane post PO management tasks. → Make collaborating and decision-making smarter and easier. → Save costs and avoid buying too much - or too often. → Keep production running smoothly without delays. → Keep accurate records for rules and budgeting. → Balance stock to avoid waste and shortages. → Build strong relationships with suppliers. → Allow you to manage by exception. (Agent PO makes all of this real) We'd love to show you how it works, visit us at kavida.ai and get in touch for a demo. 👋

CONVENIENCE STORE RETAILERS! Price optimization is crucial for convenience stores’ success, strategically setting prices to maximize profits and customer loyalty in a dynamic market. CLEARDEMAND provides a competitive edge, attracting and retaining customers while streamlining operations. It enables quick adaptation to market trends, efficient inventory management, and data-driven decision-making. The result – fair and competitive pricing that fosters customer satisfaction, positive experiences, and return visits. Learn more here: https://lnkd.in/gzmwQMwy #pricing #promotions #markdown

Overworked by inventory management? You shouldn’t be. With Local Express, inventory management takes less time than ever before. You’ll be able to effectively manage your online inventory by integrating with your existing POS. Best of all, that time saving translates to dollars. With all that extra time, you’ll be able to focus on things like marketing, promotions, and customer satisfaction—all of which mean increased profits. Stop wasting time with an inefficient online inventory process. Make a change and start spending your time more productively. Get started with Local Express today and find out how you can save costs with better inventory management https://lnkd.in/giejHKZK #inventorymanagement #foodretail

Delays in POs and part deliveries mean more than just an out-of-stock item—they can have dramatic impacts on downstream orders, customer relationships, and potentially shut down your entire operation. You need visibility and predictability to efficiently manage your POs. 👀 Visibility into current timelines for orders so you can determine capacity  📈 Predictability so you can track incoming, and current, inventory to highlight gaps between future build plans and capacity  ⚙️ Efficiency requires precisely matching supply to demand, which is impossible to do without visibility and predictability Check out our latest blog post below to learn more about the cascading impact of out-of-date delivery times.

Retailers don't have to stick to one pricing scenario for all their products or services. They can enjoy the best of both worlds by combining them strategically. The trick is to choose the right products or services for each approach. Read our blog to learn more: https://bit.ly/3QUWzew

Struggling with sales insights? SYNC is the solution! The day-to-day operations of your business can feel overwhelming, but our POS system can be your best ally for gaining crucial insights into your inventory and customers! ✨ Inventory Management: Know what's in stock and what needs reordering. ✨ Sales Tracking: Understand what your salespeople are pushing and what customers are asking for. ✨ Performance Analysis: Spot inventory that's not moving and make informed decisions. A POS system isn't just a tool; it's a game-changer for running a smooth, efficient business. Don’t let disorganization hold you back! Reach out to your AVB rep today and discover how our POS system can transform your operations!

simple, innovative & easy-to-use retail system with full inventory management