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, […]
Barcodes
Barcodes: Upc Labels Expedite Sales And Inventory Management In Point-Of-Sale Systems Barcode Symbologies and Standards Understanding Barcode Types Ever wonder about the sheer variety of barcode types out there? It’s a bit like snowflakes, no two are exactly alike, but they all serve essentially the same purpose: encoding data. From the ubiquitous UPC codes gracing […]