4 Ways to Manage Inventory With a Market POS
Inventory.
It’s what your business is based on — but it can be a beast to manage.
And when you’re running a small market, you need all hands on deck. That’s where a solid point of sale (POS) system comes in.
From importing inventory to generating sales reports, the right POS streamlines all aspects of your business operations.
Here are four ways a market POS helps you manage your inventory.
Import Inventory With Ease
Even small markets carry hundreds, if not thousands, of products, which can make for a difficult and demanding receiving process. A smart point of sale solution can handle these large amounts of inventory — especially one designed specifically for your industry.
From bags of carrots to pounds of beef, a POS system streamlines all aspects of ordering and receiving. Integrate directly with your wholesalers, and import over 1,000 products at one time — including suggested price, temporary price reductions, and quantities. With automated receiving, you avoid errors you could make with manual data entry. Plus, you save tons of time and money.
Add and Update Products Quickly
The ability to quickly add items to your inventory is key in the market industry. You shouldn’t have to waste time entering product information by hand. A cloud-based market POS allows you to use any mobile device, like a smartphone or tablet, to scan and add or update description, department, and price on the fly — so you can stay on the floor with your customers.
Quick, mobile inventory features also let you manage inventory when you’re not physically in your store. From sick days to planned vacations, always keep tabs on your operations — and if you forget to finish a task after a long day, simply add the information from your device, even after hours.
Streamline Sales Reports
Savvy business owners make informed business decisions based on sales reporting, and a market POS will automatically generate these reports. You’ll know what’s selling and what’s not, so you know how to smartly stock your shelves.
And when running a market, it’s especially important to produce shrink reports. Many market products are perishable, and if you end up with rotten eggs or spoiled lettuce, you need to be able to adjust your inventory. Whether you lose items when they go to waste, or use products for prepared foods, your point of sale system allows you to deduct any item from your inventory — you’ll always know where your money is going.
Keep Track of All Transactions
Manually tracking every transaction in your market can be exhausting, and is often prone to error. A point of sale system designed specifically for markets keeps a comprehensive list of every transaction, with the ability to filter data by everything from tender type and time range to cashier and lane.
This information gives you important insights into your inventory. You can identify if a customer simply lost their receipt, or if they are attempting to return a stolen product. You can also discover what your top-selling items are for any given time range, and make promotional decisions based on your customers’ favorites products. To smartly and efficiently run your market, you need to have access to every transactional detail — and a POS keeps that data at your fingertips.
Streamline Inventory Management With a Market POS
Managing a market in a high-volume industry is no small task. With so many products to keep track of, it’s difficult to stay ahead of the game. Instead of wasting time (and money) manually keeping track of all of your products, let a point of sale system do the heavy-lifting for you, so you can get back to what’s important: your customers.
To get started with a POS system for your market, get in touch with one of our Markt POS specialists and schedule a demo today! Or if you’d like to create your own custom quote, check out our build and price tool, and get ready to take your market to the next level.
