Inventory Management for Retail
KORONA POS offers the most powerful and sophisticated inventory management point of sale software on the market.
Product Theft and Loss Prevention
KORONA POS can adjust appropriate permissions for certain users. You can have your staff perform counts without granting full access to your inventory counts and values.
Mobile Retail Inventory Management
Avoid spreadsheets and complicated imports by performing inventory counts directly from your point of sale or via the KORONA POS inventory mobile app.
Inventory Management Notifications
KORONA POS inventory tracking software identifies problems automatically and allows you to prioritize products that have a negative stock count or have been selling less.
Ordering and Receiving Inventory Has Never Been Easier
Reorder Levels
Analyze and recalculate ideal reorder levels based on purchase history, seasons, and trends. Quickly optimize your order levels.
Automate Counting
Generate daily or weekly count lists. Spread out annual counts throughout the year and ensure all items are counted at least once.
Shipment Tracking
KORONA POS can import vendor shipment notifications. This allows you to know about any missing products once they ship an order.
Ease of Receiving
Receiving is possible through the back office, at the point of sale, or via the mobile app. KORONA POS is a versatile solution that fits your business.
Multiple Product Codes
Scan products into your inventory with barcodes. Assign container quantities and special pricing to each code without having to duplicate or recount..
Print Labels and Tags
Print shelf labels and price tags directly through KORONA POS. Stock receipts can generate price labels, so label printing can be done simultaneously.
“KORONA POS makes inventory management such a breeze! The platform is easy to use/learn, and the customer support you get makes it worth every penny! I couldn’t do my job without their support line, and the POS system gives my employees the knowledge to help customers quickly and efficiently!”
-Nessa N.
The Bakeree
Frequently Asked Questions
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.
