Operating modern convenience store is a complex and difficult task. The average convenience store may well stock as many as four thousand diverse products. Distributor costs change routinely, rendering it difficult to keep retail prices current. The vast number of discount offers accessible can certainly help build business, but they’re also a time-consuming head ache to administer. Having said that, quite possibly the most difficult and time-consuming job of all may also be the most vital; inventory control. It you keep too much of the wrong things you can easily find yourself tying up a great deal of cash in slow moving merchandise that the organization can suffocate from a absence of working capital. Stock too little of the goods that buyers demand and you may lose them to competitors.
Inventory control is a unique challenge for retail businesses. As opposed to any other business investment you’d consider making, the value of supply decreases as time passes, not up. The longer it is on your shelves, the less will probably be worth. Spoilage plays a part in this problem as does shrinkage. The longer merchandise stays around, the more likely that it will spoil or perhaps become broken. And the greater amount of stock there is in the store, the easier it truly is to be stolen. Product life is often very short. So, obsolescence plays a part in the decline of inventory value, also. Good inventory control decreases these problems and helps make your inventory work harder and create more income for the organization.
The size and complexity of the inventory control problem makes automation an absolute necessity. One powerful inventory control solution that’s perfect for convenience stores is C-Store Office from Petrosoft. This internet-based system can deliver powerful inventory control applications which can help you pinpoint proper stocking levels; make sure that ordering is accurate and detect over stocked and dead items by item, to help you get them out of the store. C-Store office is user-friendly and easy to learn, which means that your supervisors will be working with inventory closely to constantly increase inventory quality. And additionally the program has the intelligence to put together automatic orders based on whatever you really have on your shelves, but not on guess work.
C-Store Office accepts electronic digital invoices from any seller and automatically places all of them into inventory at your stores at item level, in order that the largest part of your expenditures can still be monitored by item. Petrosoft also provides a specialized invoice processing system that digitizes paper invoices without the merchant being required to do any processing in anyway. These digitized invoices are the equal to electronic invoices and provide item level details on purchases into the C-Store Office program just like an EDI transaction. When cashiers scan consumer purchases out at around one hundred per cent regularity, C-Store Office can compile item level records on the volume and state of each and every category in the retail store.
Great inventory control can pay off in a major way for the company. C-Store Office customers routinely see substantial lowering of their inventory expense and vastly enhanced cash flow. Good inventory control is essential to profitability. C-Store Office is definitely the outstanding application for convenience store inventory control.