Only IT Can Prevent Inventory Shrinkage

inventoryAs the only full-service POS provider — from software development to franchise incubator to ongoing support — part of Sintel’s commitment to our customers and industry is to share information on how to achieve success. Whether you’re a first-time franchise hopeful, a small business owner or an established chain, it’s always smart to stay on top of information technology.

In an article posted on their website, “Information Systems To Prevent Inventory Shrinkage,” the Houston Chronicle (HC) states that, with the right systems to control inventory in place, “the money you save can raise profits without raising sales.”

Here are the three information technologies highlighted in the HC article:

POS, Front to Back
By tying every sale to inventory counts and costs, a point of sale system can pinpoint internal shrinkage, thus calling for heightened backroom security measures.

View Profit Margins By Category

For each product you sell, view the IT system profit margin reports by category and investigate any areas with reduced margins. HC writes, “If one area has a reduced margin, you need to investigate what is going on in the warehouse. You could have a reduced margin because you are buying more inventory than you are selling.”

Avoid Packing Slip Slip-ups

HC recommends using an IT system to record “actual products ordered and received from vendors,” and not use vendors’ packing slips “because packaging errors occur.” Instead, they write, “Run your actual inventory numbers against vendor claims once a month, and you can identify areas where you are paying for inventory you never received.”

Sintel forms lasting partnerships with our clients that you simply can’t get from a reseller, allowing larger franchises to grow and providing startups the foundation for future growth from the very beginning. Our expertise can help you avoid common pitfalls of entry into this thriving but complex industry — including the rapid pace of technological change.

If you are interested in learning more about Sintel’s POS systems and how our knowledge and support can impact your future success, call us for a complimentary phone consultation.

Read the full Houston Chronicle post here.

Sintel Systems is the only full-service provider of tailored Point of Sale systems across retail, restaurant and service industries, including frozen yogurt shopspizzeriassushi restaurantscafés and retail stores.

As a single source for business solutions, our experienced, knowledgeable team negotiates the complex POS landscape for you to enable you to find the right POS system for your business and budget. Hardware – Software – Support

Questions or Comments: Contact us 855-POS-SALES


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