Is your Stock Administration Maintaining You In The Darkish?

As your retail enterprise grows, stock administration has turn out to be extra advanced. Understanding what you’ve gotten, and extra importantly, what you don’t have, is important to your success. However what you used to do with only a clipboard, pen, and flashlight, now requires a extra environment friendly, trendy answer.

To handle your retail stock extra precisely and simpler, you want scalable monitoring options like MSM Options’ PortalTrack barcode and RFID know-how. This gives you the visibility you should higher observe your stock.

Cut back Shrinkage

Shrinkage happens when you’ve gotten fewer gadgets in inventory than what’s discovered in your official stock checklist. It may be brought on by clerical error or a broken, misplaced or stolen product. The 2020 Nationwide Retail Safety Survey discovered shrinkage at an all-time excessive. The typical loss was 1.62%, with many corporations reporting 3% or increased.

RFID know-how helps you shortly and simply determine and report discrepancies so your stock checklist is extra correct and up-to-date. Additionally, utilizing RFID tags can deter theft and determine stolen merchandise in actual time.

Cut back Stockouts

The purpose of each retailer is to offer their prospects with the merchandise they need. That’s onerous to do in the event you’re out of inventory. Adobe reported that on-line prospects noticed a 250% enhance in out-of-stock messages in October 2021. Whereas most of that was attributable to COVID-related provide chain points, stockouts are nonetheless a major blow to retailers who rely upon gross sales to remain worthwhile.

With a contemporary stock administration system like PortalTrack, you possibly can set alerts to inform you whenever you’re low or set off product orders whenever you drop beneath a sure threshold. It will hold your stock stocked and your prospects joyful.

Cut back Downtime

Stock counts take time, particularly in the event you’re utilizing a paper-based guide course of. And generally, you possibly can’t afford to waste time monitoring down each merchandise in your checklist.

Cut back your downtime and focus your vitality on caring for your purchasers. With barcode know-how, you possibly can shortly scan your stock with the clicking of a button so you may get again to enterprise sooner.

Modernize Your Stock Administration

MSM Options affords custom-made monitoring options that modernize any retail stock administration system. Along with our top-tier barcoding and RFID know-how, MSM Options’ PortalTrack software program makes it simple so that you can combine RFID all through your provide chain.

Along with lowering shrinkage, stockouts, and downtime, MSM Options may help you:

  • Handle inventory ranges
  • Take cycle rely inventories
  • Improve provide chain effectivity
  • Cut back operational prices

MSM Options may also assist information you thru deploying mobility options so you possibly can function extra effectively with cell workstations, superior Zebra Applied sciences scanning know-how, and 5G & WiFi connectivity.

Contact MSM Options to modernize your stock administration with an answer that adapts to scales to fulfill your rising wants. We’ll assist you observe, hint, and precisely course of your stock.

Are you at the hours of darkness in relation to handle your stock? Watch our video and uncover the MSM Answer:

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