Successful retailers need software to manage their store & warehouse stock that includes features for reordering items, reporting on sales and monitoring the cost of goods sold.
What is Retail Inventory Management Software?
Retail Inventory Management Software allows a business to easily maintain an accurate inventory of all their products in their stores, automate reorders, report on sales and track the cost of goods sold.
Retail Inventory Management Software: Things to Consider
These are some things to look for in choosing the right retail inventory system.
With low priced software like Skyware Inventory you can get to work tracking your retail products with ease. Higher price does not translate to higher quality. And watch out for upgrade fees. There is no need to break the bank for a top retail inventory tracking system.
Easy to Use
The best retail inventory tracking software is the one you can use! Look for intuitive, easy-to-use interfaces that are web based so you can access them from your desktop, laptop or phone. Watch out for too many features and fancy options that you'll never use anyway.
High quality retail inventory software should generate real time reports on all the products in your stores and warehouses quickly and easily, including breakdowns by location with balance on hand, current price and cost. And it should offer custom fields you set yourself.
Inventory software requires easy features for setting up your products, managing transactions, moving things around between stores and warehouses, reordering products in a timely fashion, and reporting. For tracking cost of goods sold you'll require AVERAGE, LIFO and FIFO costing capabilities.
Benefits of Retail Inventory Management Software
Retail inventory software saves you time, money and hassle in managing your store products. Order what you need, when you need it to work faster, with less employees, for minimal waste and maximum profits.