Introduction to Inventory Management

A thing upon which every business owner agrees, is that management is imperative to smooth processing. There has never been a business setup in the whole wide world that has never been in need of management. People believe and they are right to believe that there should be a check maintained upon each and every process within a sale and purchase system. It is important to realize that although good sales might be the core motive behind running a business, managing your inventory is just as important. Whether it is about maintaining steady inventory levels, controlling costs, maximizing profits, or minimizing stockouts, one needs to practice effective inventory management. 

Maintaining and Processing Item Records

NCR counterpoint POS has been relatively generous with providing the customers, features and reports that are essential for managing inventory effectively. Appropriate pricing of items, allocation of inventory according to various locations, determination of items which are selling like hot cakes or not selling at all, tracking inventory quantities and inventory transactions, and much more is possible with the NCR POS. let us take for instance the process of maintaining an items record. With NCR Counterpoint, easiness and convenience are always taken notice of. A standard items maintenance window is used to create an item record or another option of a window denoting simplified quick items, is also available for use. Items can be added from areas such as ticket entry or other areas by an authorized user, even when the process is going on. Basic information can also be copied from an already existing template or already existing item, so that the process of explaining similar items goes smoothly. 

Versatility

Counterpoint ensures smooth inventory management by giving you the freedom to choose methods which are convenient for you. It does not matter which way you choose for item record creation, counterpoint will guide you through it by specifying vendors whether primary or alternate, mentioning prices, assigning barcodes, creation of inventory records, and also helps in determining quantities both the maximum and the minimum keeping in view every location where your stocks are present. Counterpoint provides with such an inventory management POS system that it even ensures multi-tasking. Tracking of quantities and transactions for many inventory items has never been easier and that too across multiple stocking locations. This also allows for easy management and allocation of inventory among the entire organization. For location there are also two options, either it can reported in an individual manner or in groups. Above this, one can included as much locations as he/she wants. 

Defining Attributes

This inventory management POS also allows the authorized user to define attributes up to six in number so that tracking common traits or characteristics is possible. It also includes 20 profile fields for displaying and remembering important dates. Answers to relevant questions can be in the form of codes or a yes/no response. In addition to this, free from text can be displayed. Other additional information pertinent to the item has also dedicated space for display.