Point-of-sale (POS) and inventory systems are applications used by retailers and restaurants to process customer sales and track product or ingredient stock levels. As a part of supply chain management, inventory management helps businesses identify what and how much inventory counts to order at what time. Inventory management helps in real-time inventory tracking from the stage of purchase till the sale of goods.
It portals includes various inventory levels like the process of ordering, storing, and using the company’s raw material and the finished products. The practice of inventory management identifies and assures to have the right amount of stock levels to fulfill customer demands and also issue warning for inventory control. Poor inventory management may lead to dead-stock, or unsold stock reducing the cash flow for the small businesses.
The importance of inventory management can be established by the fact that it helps small businesses to make sure that there is rarely too much or too little stock levels on hand. It also limits the risk of stock-outs, inaccurate records, and restricted cash flow. The following are some of the benefits of Point-of-sale (POS) and inventory systems;
- Better Inventory Management
- Simple Invoicing & Receipts
- Better Customer Management
- Better Purchasing and Supplier Order Management
- Better Security
- Better Promotion Management
- 24/7 Access to Data
- Simplification of Operations
When you partner with Cyclux Consult you gain total control over your inventory. From automated purchase orders to AI sales analysis, our solutions offer you state-of-the-art business advantages. Kindly contact +233(0)200689684 / +233(0)553893144 OR Email: email@example.com for further details.