How Do I Gain Control of My Retail Stock
In order to expand their business, retailers need access to more sophisticated insight into stock performance. It is critical that stock management provides the right volume of inventory, as needed, and at the right time. Holding too much stock, experiencing outages, understanding shrinkage and markdowns and promotions are all stock-related considerations that need to be addressed strategically.
TRC’s progressive point of sale solutions arm retailers with practical tools to maximize gross margin and stock turn.
Immediate Action Indicators, for instance, are available on-demand and detail the common sense behaviours of retailers, across industries, around the globe, every single day. With these indicators, retailers can rest assured that they have the information that they need to leverage their inventory investments strategically so that customer expectations are met and the company brand is enriched.
TRC solutions can also arm retailers with the ability to enter targeted stock turn or to forward a week’s stock by SKU/Group or department to then report on exceptions. These reports indicate actions to be taken, pricing strategy, stock transfers between branches and more. PO’s can be removed so staff don’t order and reduce visual merchandising.
TRC point of sale solutions empower retailers to:
- Prevent over ordering
- Reduce inventory costs
- Optimize the merchandise mix
- Reduce the chances of ‘out-of-stocks’ with forecasting replenishment wizards
- Maintain inventory stock of fast moving items
- Reduce shrinkage
The Controlling Your Retail Stock KPI Report is a functional tool used by Management which includes:
- Stockturn Report
- Returns Analysis Report
These reports would allow you to control your on-hand stock and provides real-time accessibility.