
Inventory Management Features and Benefits
Inventory management is the backbone of every successful retail business—whether you’re a single-store boutique or a multi-location enterprise. RetailEdge POS software delivers powerful, all-in-one inventory control designed with the needs of many different types of retailers in mind.
With real-time quantity and price tracking, multi-location inventory management all built in, RetailEdge helps you eliminate stockouts, reduce overstock, and prevent shrinkage and know exactly what you have and when it sold and when it is coming in again. A good inventory management system allows you to make data-driven buying decisions and streamline operations.
Smarter Inventory Control
- Stores, tracks and analyzes department, vendor and class information so you can properly categorize inventory for historical reporting and reordering.
- Minimum and maximum inventory levels provide the information you need for reordering and restocking.
Faster, Easier Purchasing
- Create purchase orders to allow you to track what’s on order, back orders, and short shipments
- Automatically generates purchase orders base on inventory minimums and maximums
- Creates reorders in minutes with automatic purchase order generation based on sales and reorder points.
- Purchase Orders auto-generated by Minimums and Maximums or Sales
Better Buying Decisions
- Class Tracking
- Separate Vendor and Manufacturer Part Number Fields
- Seasonal Minimum and Maximum Field Tracking
Flexible Product Management
- Add-ons
- Aliases
- Serial Number Tracking
- Manufacturer Part Number Field
Streamline Operations
- Department Stock Number to allow you to setup and sell faster
- Physical Inventory Collection System for Inventory and Sales, Purchase Order and Transfer Order generation
Pricing & Labeling Made Simple
- Barcode-based pricing labels including a label designer that allows you create your own sizes
- Alternate Code Lookups including 2 UPC/EAN fields
- Allows time based discounts so you can move product when you need to.
Built for Specialized Retail
- 3 dimensional matrix-based inventory critical to fashion and clothing retailers
- Works with price and weight embedded barcodes (deli scales) for businesses that sell variable quantities
- Works with NTEP certified scales for jewelry and grocery stores.
- Case Lot Tracking and Splitting for easy case ordering and individual item sales
- Works with fractional quantities up to 4 places after the decimal.
- Packages and Case Lot Tracking and Splitting
- Age verification
Scalable & Customizable
- Allows you to manage inventory for multiple locations with inventory transfers
- Receiving histories
- Location Tracking
- Transfers and Transfer Order Creation for Multi-location environments
- Renamable custom user fields to help you better track what’s important to your business (e.g., season codes, alternative groupings, web items, discounting, etc.)
- Prompt for quantity or price items as well as setting default sales quantities.
- Prevent sales of items in specific locations.