HOW CAN A POS SYSTEM HELP IN MANAGING INVENTORY?
A retail store’s core function mainly is about selling physical goods. The products that you carry in your store serve as your business livelihood. A significant part of being a retailer means managing your inventory and ensuring that you have the right products at the right time. This is where inventory management comes in. Proper inventory management can prevent stock outs, thus keeping your customers satisfied whenever they shop at your store. Oscar POS is the solution as its point of sale software has inventory management.
Whenever a business makes a sale, the POS system keeps track of it and automatically updates the available inventory and alerts businesses about stock reorder. This means the point of sale software allows businesses to get at a glance at profit margins and inventory turnover so that they can have an accurate view of business performance.
Moreover, the POS system minimizes the possibility/chance of human errors. With Oscar point of sale software, businesses with multiple sales locations can track inventory at each location without being present. In addition to this, a POS system provides businesses with up to date sales reports for the day, week, month or year. It also provides information about products that are best sellers and the ones that are not in demand. As a result, point of sale software can help businesses make informed sales decisions. With its inventory management feature, Oscar POS gives you more control over your inventory. When businesses use Oscar POS, they gain total control over their inventory. From automated purchase orders to sales analysis, point of sale software is the solution.