Learn how to gain real-time control over your inventory to reduce waste, prevent stockouts, and grow your business effectively.
Inventory Is Your Most Valuable Asset—and Potential Risk
Mismanaged inventory leads to lost sales, waste, and missed growth opportunities. To get production and profit right, you need live visibility—so you can stock smart and sell strong.
Step 1: Count What You Own
Start with a full manual audit—track SKUs, quantities, and locations. Use this to set a baseline and identify inaccuracies.
Step 2: Use Real-Time Inventory Tracking
Scan items at purchase and point-of-sale. M&M POS reduces guesswork by adjusting inventory levels automatically, so you always know what’s in stock—without attending spreadsheet sessions.
Step 3: Set Re-Order Points
For each product, define a minimum threshold and order quantity. When stock hits the reorder level, M&M POS can trigger a notification—keeping critical items available.
Step 4: Watch for Fast Movers
Monitor SKU velocity over weekly logs. When something sells out suddenly or sells less, adjust orders and promotions accordingly.
Step 5: Rotate by Date
Use FIFO (first-in, first-out) for perishables or seasonal goods. Your POS can help print date-stamped labels for tracking and clarity.
Step 6: Review Monthly & Trim Slow-Movers
Highlight items that haven’t sold in 90 days and decide if they should be discounted, discontinued, or returned.
Final thoughts
Inventory challenges can hold back growth. Take control with technology, consistent processes, and smart thresholds. A POS that bridges front-of-house and back-end data will streamline your operations and keep you profitable.