Every retailer must order product from its suppliers. Ordering is another function that can be consolidated in your POS system. Most retailers understand the necessity of replenishing depleted stock, but few recognize the importance of optimizing stock levels to help their business generate cash.

 



Link Products to Vendors

Maintain an active database of all your vendors in the system and tie each inventory product to a specific supplier. If multiple suppliers offer the same product, the system can easily track the various sources your stock comes from.



Email Purchase Orders

Automatically email purchase orders from your system to maximize efficiency and reduce unnecessary paperwork.



Receive Your Order

Finally, when an order is received, the items on the purchase order automatically replenishes back to your inventory.



Set Reorder Points or Generate Manual Purchase Orders

Purchase orders can be created manually whenever you recognize a product is running low, but this isn’t the method we recommend using. Instead, automate reordering by setting min and max stock levels.

For example, let’s say your lead time with a vendor is one week. In a given week, you know the maximum number of widgets you typically sell is 10. Finally, let’s assume you get a substantial price break when you order 100 widgets. You’d first want to set your reorder point to 10 widgets and your reorder quantity to 100. So, when you’re stock level hits 10 widgets remaining, the system automatically generates a purchase order for 100 additional units.


Interested in more features?  See the full list of features here >>