It’s sometimes shocking when, after putting in so much work to make sure you have the correct inventory count, it still isn’t accurate. It starts making you question your employees, theft, or some other events that could’ve occurred under your nose. If you’re a business owner that gets frustrated with this occurrence, have no fear. We have 5 valuable tips on keeping your inventory count accurate at all times.
Start a fresh inventory count on your products that are popular and miscounted
This one is simple and straight to the point. Do a fresh inventory count on your most popular items and the items that seem to get miscounted all the time. This will allow you to have a starting point and a grasp of your most popular items and how it performs throughout a week’s time. Businesses like liquor stores have tens of thousands of SKUs. So having a starting point will be critical in gaining control of your inventory. Then you can proceed to move on down the list to re-capture your full inventory.
Run inventory count frequently
Inventory count should be monitored on a frequent basis. Even if you notice that your inventory count is fairly accurate, there’s nothing wrong with a simple re-count. Events out of your control occur from time to time. Having the latest accurate inventory count cam come in handy during those situations.
We suggest that inventory be counted on a weekly basis. This will strengthen the grasp on your business and gain a better picture to how overall sales are doing.
Make sure there isn’t a flaw with your POS transaction process
Some business owners lose count of their inventory due to flaws in their current point of sale system. The low quality POS systems will sometimes not scan properly and leave an item out of a ticket, which ultimately is the same thing as giving away a product. This will also result in your inventory count being inaccurate. If no one were to catch this, it can become a dangerous and costly mistake. So to fix this issue, you must go with a POS provider like iConnect that provides a tremendous transaction experience. It also has a flawless front end displays that provides items with images which will help employers and employees with an error free experience. Quality POS systems are also good for powering multi-location business. Systems like iConnect are connected to the cloud which relays messages to the other stores in your business.
Pictures to items
Mentioned above, iConnect offers pictures to items as icons on the screen. This allows you to make sure that you’ve rung up the customer accurately without mistakes. The pictured icons will verify that you have the right item for your customer and allow you to keep your inventory count straight.
Use an inventory scanner
Companies like iConnect offer SKU inventory scanners that allow you to scan in bulk. This modern technology saves hours out of the day of having to manually count items. It’s also quite accurate. So you don’t have to waste tremendous time trying to keep count accurate on a weekly basis. With a simple swipe towards the products at your store the scanner will document and relay the count to the POS system.
So when you are looking to keep accurate inventory count in the future make sure that you look through these 5 quick tips. It’s quite vital to the company to always have your inventory aligned.