Print Labels and Tags
Print shelf labels and price tags directly through KORONA’s software. Price labels can be generated from stock receipts, so label printing can be done simultaneously with your receiving.
Consolidated Product Database
Even if you have hundreds of stores and warehouses you only have to manage one product catalog. This makes transferring items, scaling to new locations, and pricing changes exceptionally simple and organized.
Import Products
For those retailers who have large product databases, we make your life easy. KORONA can import all inventory and vendor details through any format. Our product specialists are here to walk you through every step.
Multiple Product Codes
Scan products into your inventory via barcodes. Assign container quantities and special pricing to each code without having to duplicate your items or recount anything.
Print Labels and Tags
Print shelf labels and price tags directly through KORONA’s software. Price labels can be generated from stock receipts, so label printing can be done simultaneously with your receiving.
Consolidated Product Database
Even if you have hundreds of stores and warehouses you only have to manage one product catalog. This makes transferring items, scaling to new locations, and pricing changes exceptionally simple and organized.
Import Products
For those retailers who have large product databases, we make your life easy. KORONA can import all inventory and vendor details through any format. Our product specialists are here to walk you through every step.
Multiple Product Codes
Scan products into your inventory via barcodes. Assign container quantities and special pricing to each code without having to duplicate your items or recount anything.
Ordering and receiving inventory has never been easier
Reorder Levels
KORONA can analyze and recalculate ideal reorder levels based on purchase history, seasons, and trends. Optimize your order levels within seconds for thousands of products.
Order Cycles
KORONA will alert you when it’s time to reorder inventory. Or you can even let KORONA take the reins and set it to place orders automatically at certain par levels without any input required.
Shipment Tracking
Vendor shipment notifications can be imported into KORONA. This allows you to know about any missing products when they are shipped instead of when the shipment arrives.
Ease of Receiving
Receiving is possible through the back office, at the point of sale, or via the mobile app. KORONA is a versatile solution that fits with your business practices instead of making you adjust.
Ordering and receiving inventory has never been easier
Reorder Levels
KORONA can analyze and recalculate ideal reorder levels based on purchase history, seasons, and trends. Optimize your order levels within seconds for thousands of products.
Order Cycles
KORONA will alert you when it’s time to reorder inventory. Or you can even let KORONA take the reins and set it to place orders automatically at certain par levels without any input required.
Shipment Tracking
Vendor shipment notifications can be imported into KORONA. This allows you to know about any missing products when they are shipped instead of when the shipment arrives.
Ease of Receiving
Receiving is possible through the back office, at the point of sale, or via the mobile app. KORONA is a versatile solution that fits with your business practices instead of making you adjust.
KORONA Is The Trusted POS Solution For Thousands of Businesses Like Yours
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Points of Sale
Inventory counts and product reporting made simple and efficient
Automated Counting by Your POS
Make counting part of the daily routine. KORONA can generate daily or weekly count lists in seconds. This is a great way to spread out cumbersome annual counts throughout the year and ensure every item has been counted at least once each fiscal year.
Mobile Retail Inventory Management
Avoid spreadsheets and complicated imports by performing inventory counts directly from your POS or via the KORONA inventory mobile app.
Inventory Management Notifications
KORONA identifies inventory problems automatically and allows you to prioritize products that have a negative inventory count or have been selling less frequently.
Theft Prevention
KORONA hides expected inventory numbers from users that don’t have the appropriate permissions. You can have your staff perform counts without granting full access to your inventory counts and values.
Inventory counts and product reporting made simple and efficient
Automated Counting by Your POS
Make counting part of the daily routine. KORONA can generate daily or weekly count lists in seconds. This is a great way to spread out cumbersome annual counts throughout the year and ensure every item has been counted at least once each fiscal year.
Mobile Retail Inventory Management
Avoid spreadsheets and complicated imports by performing inventory counts directly from your POS or via the KORONA inventory mobile app.
Inventory Management Notifications
KORONA identifies inventory problems automatically and allows you to prioritize products that have a negative inventory count or have been selling less frequently.
Theft Prevention
KORONA hides expected inventory numbers from users that don’t have the appropriate permissions. You can have your staff perform counts without granting full access to your inventory counts and values.
Inventory management is the process of optimizing ordering, pricing, promotions, shelving, storage, and turnover. Together, this is meant to match a store’s supply with the demand of each product, keeping enough stock on hand but avoiding overstock situations.
Retail inventory management is important because it helps maintain healthy stock levels for each product. This helps prevent stockouts, which lead to a loss of sales and frustrated customers. It also helps prevent being overstocked, which leaves businesses with inadequate storage and reduced cash on hand.
There are many different methods of inventory control. Some of the most common include ABC analysis, economic order quantities, custom par levels, FIFO, LIFO, automated ordering, safety stock ordering, perpetual counts, and dropshipping.
Prior to modern point of sale software, inventory management had to be done on paper ledgers and digital spreadsheets. Now, retailers can use inventory management through their POS system. This automates many processes and saves retailers a great amount of time. With automatic reordering, stock notifications, par level settings, vendor management, and perpetual counts, a POS system helps businesses understand their inventory and run a more efficient operation.
Overall, inventory management is meant to help businesses grow and increase their profits. By creating a streamlined supply chain, retail businesses can save time, improve accuracy, and boost revenue.