Master inventory management to reduce costs, avoid stockouts, and increase turnover.
Take Control of Your Inventory—Once and for All
Inventory is both asset and liability. Too much stock ties up cash; too little risks lost sales. These advanced tactics help small businesses strike a smart balance.
1. Implement ABC Analysis
Classify inventory into:
– A items: high value, low volume
– B items: moderate value & volume
– C items: low value, high volume
Use your POS to track historical sales and assign categories automatically.
2. Use Reorder Points and Safety Stock
Calculate reorder points based on lead times and demand patterns. Your POS can generate alerts when stock approaches these levels, keeping you ahead of reorders.
3. Forecast Demand with Seasonality
Use past sales data to forecast monthly demand. Schedule inventory accordingly—more in peak season, less during slow months. Adjust replenishment frequency dynamically.
4. Automate Dropship & Special Orders
Rather than overstocking slow movers, use dropshipping or special order workflows. POS handles partial orders and invoices cleanly.
5. Integrate Inventory with Sales Promotions
Before launching a sale or event, confirm inventory levels via your POS to avoid disappointing stockouts or clearance failures.
6. Conduct Regular Physical Counts
Use cycle counting instead of full-day stock takes. Your POS tags SKUs to count weekly or monthly—less disruption, better accuracy.
7. Reduce Dead Stock
Track items that haven’t sold in 90+ days. Create targeted flash discounts or bundles to convert them, keeping cash flowing.
Final thoughts
Better inventory control frees up cash, simplifies operations, and boosts profitability. With your POS handling analysis and alerts, your stock becomes a strategic advantage—not a burden.