Retail Inventory Control Software
Inaccurate inventory counts create lost sales, shipment delays and excuses. Out-of-stock items as well as overstocked inventory items can be devastating to a retail business' bottom line and reputation. Purchasing and warehouse managers spend a great deal of time ensuring that stock-outs do not occur.

Inventory control software may be designed to include demand forecasting which eliminates the need for unnecessary and costly safety stock. Reorder points can be set and purchase orders generated when a certain quantity of inventory is reached.

Reports that can be easily generated include: item pricing, stock status, detailed sales history, backorder information, recommended reorder points, valuation, turnover, sales analysis and much more. Inventory control software is a valuable tool in formulating new or improved cost-effective purchasing policies, sales policies, pricing methods and enhanced customer service.

It is not uncommon to find that one storage location is out of stock while others are literally filled to the rafters. Inventory build-up results when employees place orders when their respective warehouse is out of stock. This process will dramatically increase a company's overall inventory carrying costs. When employees have the benefit of a software program that connects numerous warehouses, they are able to check multiple warehouses within the company before placing a vendor order and if needed, transfer inventory between warehouses or companies. Inventory control software will provide data pertaining to the receipt of goods, movement of goods within or between locations, the sale, removal or other disposition of goods and the precise valuation and status of goods remaining in inventory at any given point in time.

Some Inventory control software is designed exclusively for retailers to easily streamline in-store activities, improve merchandise management and productivity, reduce labor costs, support remote store processes and manage true store-level profit and loss. Using a high-speed Internet connection and portable, handheld wireless devices, such as scanning guns, store managers and store personnel can now quickly and easily perform an array of in-store operations. Receive merchandise, manage physical inventories, conduct stock counts, order stock, or transfer stock.

The in-store software can be fully integrated to provide instantaneous, real-time data communications between the local store and the corporate office. This provides better monitor progress and the ability to respond immediately to customer needs and adjust buys for continual improvement. These integrated systems record and analyze inventory results and merchandise processes daily to assure that business decisions are based on timely, accurate information.