01159 788493
Open Retail Solutions
Solutions

BUSINESS SOLUTION - WASTAGE AND STOCK LOSS

The true margin is not the profit on sales, but the net profit once you take into account, theft, returns, wastage, and own use

STOCK LOSS and WASTAGE

BEFORE:

The stock is usually to large to count more than once per year for the annual stocktake for the accounts

it is also quite likely that you have no procedures in place for handling the
general adjustments that are necessary to maintain the system for shop
breakages by customer and staff or product returns

After installing Epos - better stock management

SOLUTION:

The product ranges offered can be stored in multiple locations, and radio
handsets correct stock levels instantly, and also perform rolling counts.
The theft calculation requires you to know what you had so that when you
have recounted you can calculate the lost, which is hard by manual counting.

The time to count is so much quicker by gun, and you probably take weeks to
count what a gun can do in days

The first count will bring home any weaknesses in checking everything
is on the system, and provided that all items are on and cost priced then
a valuation of stock holding by department produced

Now we can identify shrinkage, own use and wastage, using the radio handsets.

MORE PROFIT

BENEFITS:

All activity relating to the stock balance or price changes get recorded from all
parts of the system irrespective of the originating program.

When brought together they represent a story book of movements by reason
of the group and the products within it.


Controls stock counts

Controls stock theft

Controls stock returns

Controls stock wastage

Controls stock own use



Wifi handheld radio technology lets the staff interface directly with the database stock levels, which has a significant advantage not only in the speed of working but the accuracy too. · Rolling or annual stock takes · Stock counting whilst live trading · Multiple count areas and repeated items · Stock count valuations and differences · Stock and inter branch transfers · 3; Audit trail of changes (who, when, what ) · Stockholding at multiple locations or branches Q busting links with the tills


Give us a call on

Call us on 01159 788493

Address

Open Retail Solutions Ltd
Leen Gate
Lenton
Nottingham
NG7 2LX

e: sales@openretailsolutions.co.uk

Copyright Open Retail Solutions Ltd 2009

Contact Us

Name:

Email:

Phone:

Enquiry Type: