Inventory management is the most important thing for a business to keep competitive in the current market. Stocktaking is the process of counting physical stock available and it is a significant part of inventory management. Stock-taking software is essential for all businesses to streamline inventory management and get a clear and in-depth view of the entire stock in the warehouse. Manual stock-taking will make errors in the counting and it takes more time. By digitalizing, this process retailers can save manpower, money, and time and it assures more accuracy.
Efficiency and accuracy
Effective stock-taking and managing are essential for a business especially if they are doing Omni channel retailing. They have to manage their inventory more accurately to streamline the operation smoothly in both the online and offline channels in real-time. For this reason, retailers are now ready to invest in a stock-taking solution. StockTakeLive is a leading stock-taking software in the market that retailers across the world are using and are satisfied with the performance.
Stock-taking solutions enable the retailers to manage the stock, orders, supplies, deliveries, and online order fulfillment. It mainly works on the barcode system to speed up the task of stock counting. This avoids out-of-stock and over-stock situations. Transparent and visible stock-taking helps in financial auditing and verification.
POS integration
The stock-taking device normally comes in the android platform and connects with the point of sale (POS) system allowing the retailers to check real-time sales, promotions, and refunds or exchanges. With one single interface, users can check the whole inventory details, counts, product status, vendor details, and payment or sales information. Integrating POS with stock take systems will make the billing process speedy and it will make the customers happy and satisfied. It is simple to verify available inventories during promotional discounts and make appropriate plans to acquire limited products sooner. This integration can reveal market trends, allowing merchants to plan their sales accordingly. The POS- StockTakeLive combination makes Omni channel marketing a breeze. This allows shops to supply the most popular things to avoid out-of-stock situations.
Aged or dead inventory management
Overstock and out-of-stock are two different scenarios that every business tries to avoid. Both these finally result in the loss of money and brand value. Stock-taking software helps retailers to make wise decisions on purchasing items on time. Near to expiry items can be sold out first by checking the date. Selling the aged inventory before it becomes dead stock can save your money.
Advanced stock-taking software has more features like categorizing the scans into zones and importing and exporting quick data. Less recounts and rescans reduce the time in taking inventory count. One of the main advantages of stocktaking software is it can manage the stock take remotely from anywhere.
StockTakeLive is one of our most demanding software for physical inventory count. It uses barcode scanning for stocktaking. The cloud-based solution is easy to use and can integrate with Retail Pro (POS). Please feel free to contact us to know more about StockTakeLive.
