Managing stock efficiently is a critical factor for any business striving for success, especially in the competitive laundry and dry-cleaning industry.

Axcess IT, through its innovative Clean Touch EPOS, offers a seamless solution to manage stock effectively. This blog will dive into the essentials of a Stock Control System, exploring its features, benefits, and relevance to essential & vital operations for launderers.

What is Stock Control?

Stock control, also referred to as inventory control, involves maintaining the optimal quantity of stock to meet customer demands while minimizing costs.

In the laundry and dry-cleaning business, besides having enough day-to-day inventory, it also makes sense to have adequate barcoded and non-barcoded items at the POS display. For instance, moth balls, fabric spray, covers for garments, lint rolls, brushes, different types of shoe laces, etc.

Effective stock controlling ensures you avoid stockouts, overstocking, and wastage, resulting in improved efficiency and customer satisfaction.

What is a Stock Control System?

A stock control system encompasses all the tools, processes, and strategies used to manage and maintain inventory efficiently. From purchasing and receiving to reordering products, the system provides a streamlined approach to keep track of stock levels, prevent losses, and enhancing productivity.

In the past, businesses often relied on manual methods like spreadsheets or notepads for stock management. However, with the advent of technology, modern stock control systems have transformed inventory management into an automated and precise operation.

Features of a Stock Control Management System

A robust stock control management system like Clean Touch EPOS is essential for ensuring operational excellence. Here are key features to look for:

1. Barcode Scanning

Barcode scanning automates inventory updates by reading product labels. This feature minimizes human error, saves time, and ensures accuracy in stock tracking.

2. Stock Notifications

The efficient inventory control sends you stock alerts whenever it gets low or too high. Notifications help prevent overstocking, stockouts, or discrepancies.

3. Comprehensive Reporting

Generate detailed reports on stock turnover, demand forecasting, and sales trends. Such valuable insights lead to effective planning and informed decision-making.

4. Purchase Order Records

Maintain detailed records of purchase orders, giving you visibility into costs, stock statuses, and supplier relationships.

5. RFID Tagging

Using RFID technology, the system can track stock in real time, enhancing security and reducing inventory discrepancies.

6. Demand Forecasting

Predict future stock requirements based on historical data, customer behaviour, and market trends to ensure optimal stock levels.

7. Warehouse Management

Optimize storage layouts, streamline product movement, and improve overall warehouse efficiency to boost productivity.

Benefits of Stock Control Management

Adopting a stock control management system comes with numerous benefits for laundry and dry-cleaning businesses:

1. Minimized Costs

Overstocking or understocking could lead to financial losses. A stock control management system prevents launderers from such pitfalls. The efficient stock system ensures balanced inventory levels, reducing excess stock and waste.

2. Improved Efficiency

Manual stock tracking is time-consuming and prone to errors. Automated systems provide speed and accuracy, freeing up time for other business priorities.

3. Real-Time Data Access

With an inventory control system, data is updated in real-time, offering immediate insights into stock levels and sales performance.

4. Enhanced Customer Satisfaction

Timely stock replenishment ensures you never run out of essential supplies, maintaining smooth operations and satisfying customer needs.

Stock Control vs. Inventory Control

While the terms stock control and inventory control are often used interchangeably, they differ in context and application:

• Inventory control refers to a broader accounting context, focusing on the valuation of raw materials, work-in-progress, and finished goods. It incorporates depreciation and financial reporting.
• Stock control, on the other hand, is business-oriented and emphasizes managing finished products ready for sale. Stock evaluation occurs more frequently to ensure optimal levels.

Understanding these distinctions helps in choosing the right tools and processes for your business.

Why Choose Clean Touch EPOS for Stock Management?

Axcess IT’s Clean Touch EPOS is designed for the laundry and dry-cleaning industry, integrating advanced stock management features tailored to your needs. With Clean Touch EPOS, you can:

• Track and manage stock effortlessly across multiple locations.
• Optimize inventory with features like barcode scanning, automated reordering, and demand forecasting.
• Access real-time stock data and comprehensive reports to make informed decisions.

These advantages for stock management are to be shared as a few. More perks for administrative feasibility, customer management, advertising, and employee management will take your business to new heights. Here are a few of them:

• Find lost laundry tickets in seconds
• Set customized marketing campaigns
• Prevent fraud with easy detection of suspicious activity
• Effortless employee management
• Feasible tracking and management of garment orders with Garment Tracker

Final lines

Implementing a robust stock control system like Clean Touch EPOS can revolutionize your laundry and dry-cleaning business, driving profitability and efficiency. Axcess IT is here to support you every step of the way.

Contact us today to discover the potential of the Clean Touch EPOS stock management system to make your business thrive differently. With the right system, you can ensure smoother operations, satisfied customers, and sustained growth.