View
2
Download
0
Category
Preview:
Citation preview
? Tips for Effective Inventory Control
!
!
Top
ERMS
Retail POS
Inventory
Financial Reports
Get Sales
Gain Visibility
Enhancement
Maximize Efficiency
Gain Insights Increase ROI
Goldsoft ERMS
Is there any inventory missing?
How to ensure my inventory arrives at warehouse correctly?
Which are my non-performing inventory?
? Were my inventory delivered to store?
Are my inventory sufficient in store?
SHOP
!
Top 5 Inventory Issues
1 2
3 4
5
How to ensure my inventory arrives at warehouse correctly?
Which are my non-performing inventory? ?
Were my inventory delivered to store? Are my
inventory sufficient in store?
SOP
Rethinking Shrinkage By: Craig Webb
Is there any inventory missing?
1
CYCLE COUNTING
• Do cycle counting monthly for best-selling or most
valuable SKUs; bi-yearly for slow-moving items
• Enables you to keep steady track on how you're
doing and alerts you to problems sooner than an
annual check
Stock Check monthly or bi-yearly 1
How to ensure my inventory arrives at warehouse correctly?
Which are my non-performing inventory?
Were my inventory delivered to store?
SOP
! Are my inventory sufficient in store?
2
Tips
AVERAGE SOLD PER DAY vs QUANTITY ON
HAND
• Monitor Days of Inventory Report ensures that
you have everything on the shelves and
wouldn’t let you miss out any sales opportunity!
# Look at Days of Inventory every day 2
Which are my non-performing inventory?
Were my inventory delivered to store?
SOP
How to ensure my inventory arrives at warehouse correctly?
3
Tips
Stock In
Supplier Invoice
Payment
Purchase Order
3 ways matching
ENSURE RECEIVING QUANTITY
ARE MATCHED WITH PO QUANTITY
•
•
#3 Check ETA Date & Balance Quantity every day
1 2 3
3
Which are my non-performing inventory?
SHOP
Were my inventory delivered to store?
4
Tips
HEAD OFFICE AND FRONT-END STAFF CO-
ORDINATION
• Head office users should monitor Delivery Order In-
Transit everyday to make sure inventory arrived at
store with the right quantity
• If overdue more than a week, check delivery status
with front-end staff
#3 Monitor In-Transit Status every day 4
0
Which are my non-performing inventory?
5
Look at Stock Ageing Report every month
TIPS FOR HANDLING AGEING INVENTORY:
• Transfer to other stores
“Different item at different store will have different
performance”
• Further mark down, bundle promotion or clearance
5
Conclusion
GoldsoftERMS
Recommended