{"id":252,"date":"2015-02-17T00:33:31","date_gmt":"2015-02-17T08:33:31","guid":{"rendered":"http:\/\/sintelsystemspos.com\/?p=252"},"modified":"2015-02-23T11:34:00","modified_gmt":"2015-02-23T19:34:00","slug":"the-four-essential-elements-of-your-business-inventory","status":"publish","type":"post","link":"https:\/\/sintelsystemspos.com\/es\/the-four-essential-elements-of-your-business-inventory\/","title":{"rendered":"The Four Essential Elements of Your Business Inventory"},"content":{"rendered":"

An article on Entrepreneur.com<\/a> gives some helpful insights on how a small business can best manage their inventory<\/p>\n

\"Young<\/a><\/p>\n

Maintaining Enough Inventory<\/b><\/p>\n

If your business is a start-up it might be quite difficult figuring out how much inventory to order, since you cannot go off of last year\u2019s sales.<\/p>\n

The article suggests predicting your first year sales based on your business plan.<\/p>\n

\u201cWhen calculating basic stock, you must also factor in lead time — the length of time between reordering and receiving a product. For instance, if your lead time is four weeks and a particular product line sells 10 units a week, then you must reorder before the basic inventory level falls below 40 units. If you do not reorder until you actually need the stock, you’ll have to wait four weeks without the product.\u201d<\/p>\n

Insufficient inventory equals a loss of sales.<\/p>\n

Avoiding Excess Inventory<\/b><\/p>\n

At the same time, you do not want to over order. This can be quite common with companies who sell seasonal products. To prevent ordering in excess set a practical safety margin and only order what you know you can sell.<\/p>\n

Inventory and Cash Flow<\/b><\/p>\n

Did you know that as much as 80 percent of a company\u2019s revenues come from only 20 percent of the products? This is called the \u201c80-20 Rule\u201d.<\/p>\n

Cash-flow problems are the most common difficulties small businesses face and it is most likely the first sign of serious financial trouble. Placing a majority of the company\u2019s money in inventory can heavily damage the cash flow.<\/p>\n

\u201cTo control inventory effectively, prioritize your inventory needs. It might seem at first glance that the most expensive items in your inventory should receive the most attention. But in reality, less expensive items with higher turnover ratios have a greater effect on your business than more costly items.<\/p>\n

Divide materials into groups A, B and C, depending on the dollar impact they have on the company (not their actual price). You can then stock more of the vital A items while keeping the B and C items at more manageable levels. This is known as the ABC approach.\u201d<\/p>\n

Tracking Inventory<\/b><\/p>\n

If you are looking for a great tool to help control and track your company\u2019s inventory, look no further than a Point of Sale System.<\/p>\n

A POS system is easily manageable and records each sale as it takes place so that your inventory records are constantly up to date.<\/p>\n

Your Point of Sale System can easily help you stay on top of your inventory, so that you are not losing money.<\/p>\n

Sintel Systems<\/a> is a quality provider of tailored Point of Sale systems across retail, restaurant and service industries, including frozen yogurt shops<\/a>,\u00a0pizzerias<\/a>, sushi restaurants<\/a>, caf\u00e9s<\/a>\u00a0and\u00a0retail stores<\/a>.<\/p>\n

As a single source for business solutions, our experienced, knowledgeable team negotiates the complex POS landscape to enable you to find the right POS system for your business and budget.\u00a0\u00a0Hardware<\/a>\u00a0–\u00a0Software<\/a>\u00a0–\u00a0Support<\/a><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

An article on Entrepreneur.com gives some helpful insights on how a small business can best manage their inventory Maintaining Enough Inventory If your business is a start-up it might be quite difficult figuring out how much inventory to order, since you cannot go off of last year\u2019s sales. The article suggests predicting your first year […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-252","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-uncategorized","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/sintelsystemspos.com\/es\/wp-json\/wp\/v2\/posts\/252","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sintelsystemspos.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sintelsystemspos.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sintelsystemspos.com\/es\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sintelsystemspos.com\/es\/wp-json\/wp\/v2\/comments?post=252"}],"version-history":[{"count":1,"href":"https:\/\/sintelsystemspos.com\/es\/wp-json\/wp\/v2\/posts\/252\/revisions"}],"predecessor-version":[{"id":253,"href":"https:\/\/sintelsystemspos.com\/es\/wp-json\/wp\/v2\/posts\/252\/revisions\/253"}],"wp:attachment":[{"href":"https:\/\/sintelsystemspos.com\/es\/wp-json\/wp\/v2\/media?parent=252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sintelsystemspos.com\/es\/wp-json\/wp\/v2\/categories?post=252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sintelsystemspos.com\/es\/wp-json\/wp\/v2\/tags?post=252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}