Making the switch to a cloud-based inventory system can sound intimidating to those who have always relied on traditional methods to track their products. The truth is that most web based inventory system designs are intended for people who want to streamline the business process. They aren’t overly complicated because they know you are busy and do not have time to learn a complex system. Cloud Based Inventory System Set…
Read MoreHow to calculate inventory shrinkage
Every time you sell an item, the value of your inventory on hand is reduced by the price of that item. Conversely, whenever you place a new order of stock, the value of your inventory increases by the amount you ordered. Your shrinkage is whatever discrepancies arise between the sales and orders you have recorded and the actual value of the inventory you have on hand. Let’s say you have…
Read MoreEverything you need to run a successful trade counter
Turbo Inventory integrates all your separate trade counter processes into a specialist, easy-to-use software. It links together with your accounts, invoicing and stock control, meaning you can save hours of time on admin. What Turbo Inventory software does (in a nutshell): Auto-calculates trade prices Creates customer-specific pricing Helps you negotiate with customers Auto-emails VAT invoices Generates and save quotes Prints delivery notes Auto-Calculate Trade Prices If you have hundreds, thousands…
Read More5 Ways to Win at Inventory Management
As an SME, you probably have a lot of capital invested in inventory. And while it might be one of your primary sources of income, it can tie up a lot of money if your management systems are not fully functional. In fact, proper inventory management is one of the keys to a successful business. Managing inventory decreases costs and increases your sales, which is, undoubtedly, what we all want.…
Read MoreEmployee theft, it happens (and how to stop it)
While it isn’t something you want to think about, employee theft is happening. It is something you do need to prepare for and protect your business against. Since the people you hired are trained in company processes, they can use that knowledge to skim off your profits and cover up their theft. Employee theft can be a particularly sensitive issue for retailers, particularly when it comes to independent stores and…
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