Why is point-of-sale inventory management a must-have?

Effective inventory management is crucial for any business, especially retailers. However, many fail to take full advantage of the inventory management features in their point-of-sale (POS) systems. Here are some practical ways to leverage your POS system for better inventory control and business efficiency.

1. Specialty Inventory Management: Key Cutting & Heelbar Shoe Repairs

For businesses offering specialized services, such as key cutting or heelbar shoe repairs, a POS inventory management system can be incredibly beneficial.

With key cutting, for instance, the POS system generates a stock report showing how many keys have been sold. This report helps the business owner know how much stock to order from suppliers and prevents theft by employees.

The same process applies to heelbar shoe repairs, where various items are involved. Running a stock report ensures accountability by showing how many repair items have been sold and how many remain in-store. This system minimizes theft risks and provides a clear understanding of inventory turnover.

2. Goods Items: Barcoded and Non-Barcoded Products

Managing barcoded and non-barcoded items can be a challenge, but a point-of-sale system inventory control simplifies the process.

For barcoded goods, staff simply scan the barcode to book the item in the system. For non-barcoded goods, they select the item by name.

This distinction allows for better inventory tracking, reducing the likelihood of mistakes or manipulation by staff. By running regular stock reports, business owners can gain a clear picture of how many items were sold and how many remain, ensuring accurate record-keeping and minimizing theft or stock discrepancies.

3. Order the Right Products and Quantities

It is basic for any business to select the right products to order and maintain appropriate stock levels. With a POS system inventory management, you can monitor which items are selling well and which are not.

pos inventory management

This insight helps ensure that your top-selling products are given sufficient shelf space and that you always have enough stock to meet demand. Furthermore, a good POS system reports overstocked or understocked items, helping you make informed ordering decisions based on real-time sales data.

4. Create an Online and Offline Inventory Central

Today’s retail landscape spans both online and physical stores. Your inventory should remain consistent regardless of where customers shop. A robust inventory POS ensures stock levels are updated per real-time data across channels. It synchronizes customer data and allows for a seamless experience between online and offline sales. Such a feature helps businesses manage promotions, loyalty programs, and inventory levels with greater ease.

5. Effective Control over Shrinkage

A POS system plays a crucial role in reducing shrinkage by allowing entrepreneurs to track their inventory accurately. It makes it possible to identify the missing items quickly and implement security measures to prevent any such loss in future.

Closer inventory controls warn the employees that the stock is being monitored and they better avoid theft attempts.

6. Sales History Analysis for Smarter Decisions

While intuition plays a role in deciding what types of products to sell, setting stock levels should rely on hard data. A POS system provides valuable insights into your sales history, helping you decide which products to continue prioritizing and which ones to discount or phase out. This data-driven approach ensures that your store’s prime floor space is dedicated to high-demand items, improving overall profitability.

7. Accuracy and Efficiency throughout Inventory

In the past, manual tracking of inventory was labour-intensive and prone to errors. With a POS system, the entire process becomes automated.

When receiving new stock, you can easily cross-check the purchase order against the quantity received, ensuring that everything matches. This practice not only maintains inventory accuracy but also saves valuable time and labour. Automated tracking allows for better control of stock levels, ensuring that you’re never caught off guard by shortages or surpluses.

Conclusion

Inventory management is a critical aspect of running a successful business, whether you’re dealing with retail goods or specialized services like key cutting and shoe repairs, laundry and dry-cleaning, etc.

By fully utilizing the capabilities of point-of-sale inventory management, you can optimize stock levels, prevent shrinkage, improve efficiency, and make data-driven decisions that enhance profitability. Implementing these strategies will help your business run smoothly and increase your bottom line.

If your inventory management lacks a feature-rich POS system to make each of your tasks efficient, time-saving & faster, reach out to Axcess IT now!

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Explore endless potentials with Axcess IT Clean Touch EPOS

To stay ahead of the competition, hard work is not enough. You need to enhance visibility into every aspect of the business, even the POS system, for optimal efficiency.

With a Clean Touch Electronic Point-of-Sale (EPOS) system, you gain that competitive edge with endless options at your fingertips. Whether you are a startup or the most popular laundry and dry- cleaning business, our POS system offers the flexibility and insights you need to thrive.

Here’s what makes our system stand out.

Endless Reporting Options

Our POS system can be accessed from anywhere so business owners can stay informed wherever they are. Get custom reports directly to your device. Personalize your reports as charts, graphs or smart analysis for real-time performance tracking.

Whether you want to monitor a particular employee’s performance, customer behaviour, inventory levels, or anything else concerning the business, reports can be accessed at the convenience of your fingertips. It further helps in informed decision-making.

Multiple Platforms for Maximum Flexibility

Choose the platform that fits your business needs —whether it’s Public or Private. Accessing your POS system is easy with a variety of login options, including scan, swipe, fingerprint, PIN, or RFID.

Advanced Sales Tracking

Experience the most advanced inventory, employee & sales tracking with Clean Touch EPOS.

Customize reports, run audits, and set up alerts to track areas where you need insight into your return on investment (ROI). It is possible to make better decisions and see the sales graph inclining with identification of trends and data patterns. Real-time sales tracking ensures you never miss a beat in optimizing your inventory and improving profitability.

Explore endless potentials with Axcess IT Clean Touch EPOS

Other System Features

Expect a POS system that’s beyond basics. It’s packed with additional options designed to enhance security, ensure redundancy, and maintain business continuity. Key features include:

Employee Security
Data Security
Campaign Management
Order Management
Google Reviews Link
Email Tickets
SMS on Ready
Offline Modes
Individual Databases
PCI Compliance
Technical Support Management

Clean Touch EPOS is just right for your Laundering Business

Clean Touch EPOS by Axcess IT is a unique system facilitating flexibility, security, and actionable insights to launderers. Its tailored solutions for laundry and dry-cleaning businesses are best-in-class.

Contact us today to explore the best options for your needs and gain the competitive edge your business deserves.

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Benefits of POS Tracking for Launderers & Employees

Ever wondered how productive your employees are? You surely know their duties and schedules assigned, but their true performance can be tracked with some valuable insights. That’s when you understand the importance of point-of-sale tracking.

Your Axcess IT Clean Touch EPOS system can do more than track clock-ins and outs of the employees. It is efficient enough for tracking each employee’s productivity, allocating shifts, suggesting incentives, and preventing thefts. This guide will make you explore each of the benefits in detail.

Tracking Employee Productivity

You’re set free from the worries of monitoring attendance, daily/weekly/monthly performance, and more which allows you to take necessary actions. Tracking POS is an invaluable asset for your business, especially for laundry and dry-cleaning businesses. It lets the owners assign tasks and optimize workflow at every step from the moment the garment is dropped off till ready for pickup.

The performance metrics allow businesses to reward top achievers and highlight improvement areas for underperformers. Employees can be assigned tasks as per their strengths which can result in faster turnaround times and ensure better customer service.

Incentivizing Employees

POS tracking motivates your team to excellent performance. Launderers can set up incentive programs which serve as an encouragement for employees to handle a higher number of orders. This would create a positive impact by giving a chance to the employees for minimal rework, focus on quality & work efficiently.

Optimizing Shift Allocation

By analyzing peak hours and staff performance through POS data, you can allocate shifts more effectively. For instance, you might schedule your most productive employees during busy times, ensuring that you meet high customer demand efficiently. This data-driven shift management helps maximize productivity and improves overall service quality.

Preventing Theft and Fraud

Theft prevention is a crucial factor which makes laundry and dry-cleaning businesses track employees. Clean touch EPOS is efficient enough for tracing and limiting employee’s access to sensitive information. Employees are assigned distinct permissions (relevant to their roles) as compared to store managers and owners. This adds layers of security through RFID and biometric fingerprint readers, thus restricting employees from unauthorized access.

POS Tracking

POS systems can be made stronger as a theft prevention tool by integrating video surveillance. It empowers business owners to cross-verify any suspicious activities from employees. Suspicious activities can be spotted easily while reducing risks of fraud in future.

Conclusion

For laundry and dry-cleaning businesses, POS tracking is a powerful tool for enhancing employee productivity. It allows for accurate monitoring of performance, better task management, and efficient shift allocation, and provides data-driven incentives that motivate employees to perform at their best. Implementing a POS system helps streamline operations and improves overall service quality, leading to satisfied customers and a more profitable business.

Reach out now for a Clean Touch EPOS solution that fits your business needs.

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