What are the Key Components of Liquor Store Inventory Control?
One liquor store alone could have thousands of inventory items on shelves and boxed in warehouses. Controlling all this inventory is crucial to profits and successful business building. If even one box is missing, companies could go into the red and never recover. Liquor store inventory control is composed of several components to make the product flow precisely between the supplier and final customer.
Liquor Store Inventory Control and Shipping Receiving
Proper inventory control begins the moment the stock is received in a shipping area. Employees must enter the correct inventory name, bar code and quantity into the business’s computer system. If any of these factors are improperly inputted, inventory numbers will be incorrect from that point on. Receiving personnel should have at least one other person verifying their work to avoid any accidental inputs.
When inventory is inputted correctly, problems can still arise from incorrect labeling. Businesses should avoid hand labeling items and use liquor store point of sale software labels. Because these programs are the same ones used by the checkout register, the labels will always match between the item and software listing. The only foreseeable problem could be when software labels are affixed to the wrong bottle. However, these mistakes can be fixed with some extra quality control on the supervisor’s part.
Liquor store point of sale software must be available at each checkout register. This software is the same throughout the business, allowing anyone to see inventory moving in real-time between stock and final sales. Checkout personnel can see immediately if there’s a quantity or labeling issue as items are scanned during purchases. With any issues known right away, inventory specialists can fix the problem before it becomes buried in the computer system.
Proper inventory control still relies on human eyes to keep the system accurate each day. Business owners must create a reconciliation schedule to keep up with system irregularities. Once a month or quarter is common for most businesses to count inventory and match it to the software.
Investing in any liquor store point of sale software is a significant commitment. Business owners should try several software choices and actually work with them for a week or so. This hands-on experience gives management a real view of software benefits and limitations. An educated decision can be made based on this real testing process for liquor store inventory control.
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