Inventory Turnover
Inventory Turnover: Sales-To-Stock Ratio Insights Within Pos Systems Can Help Optimize Merchandise Management Calculating Inventory Turnover With POS System Data The Formula Unveiled So, you want to know your inventory turnover? It’s simpler than you might think. Think of it as a measure of how efficiently your business is selling its inventory. The basic formula […]
Perpetual Inventory
Perpetual Inventory: Continuous Stock Tracking Within Pos Systems Provides Real-Time Visibility Into Product Availability Benefits of Perpetual Inventory Systems Imagine running a small boutique and always knowing exactly how many sequined scarves you have on hand. That’s the magic of a perpetual inventory system. This isn’t your grandfather’s handwritten ledger. It’s a real-time, constantly updated […]
Periodic Inventory
Periodic Inventory: Retailers Using Point-Of-Sale Systems May Conduct Stocktaking At Fixed Intervals To Update Inventory Records Advantages and Disadvantages of Periodic Inventory Advantages One of the most compelling reasons businesses opt for a periodic inventory system is its simplicity. Think of it as the old-school method, the way your grandma might have kept track of […]
Inventory Valuation
Inventory Valuation: Stock Accounting Is Critical For Accurate Sales Tracking In Point-Of-Sale Systems FIFO and LIFO: A Tale of Two Inventories First In, First Out (FIFO): The Freshness Factor Imagine a bakery. Every morning, they bake fresh bread. They sell the loaves baked yesterday before they sell today’s batch. That’s FIFO in action. In FIFO, […]
Inventory Auditing
Inventory Auditing: Stock Verification Ensures Pos Systems Accurately Reflect Available Merchandise Why Bother with Inventory Audits? Ever feel like your business is playing hide-and-seek with its own inventory? Like that one time I swore we had a dozen avocado slicers, only to find two dusty ones in the back? That’s where inventory audits swoop in, […]