The 5 Questions on Inventory
(or why is it such mystery how to manage inventory effectively?)
Hello Alaskans! Another winter is coming, and we’ve had another year of pandemic under our belts. For those in the retail and grocery realm, maybe you’ve had a chance to regroup and strategize about what you can do to do improve. I suspect that the word “inventory” has come up a lot - if so you’re not alone. Retailers across the board have had inventory issues since 2020, and while it’s gotten better in some ways, but it continues to be an issue.
Here are the big 5 Questions on inventory you are probably asking yourself on a regular basis:
- Do we have any?
- Do we have any on order?
- When is it coming in?
- How much do I need to buy?
- When do I need to buy?
If you can’t answer the above questions, that’s a big problem. Even worse, have you figured out how much time you’ve spent trying to get an answer to these questions? You might have spent more time than you’re willing to admit, and it’s probably cost you a lot in lost revenues. So, what do you do?
One school of thought is to hire someone to handle your inventory for you. It’s hard to find good help these days, let alone the right person who can handle the tedious nature of keeping track of so much. Couple that with employee shortages, and this is probably not the solution you’re looking for. Is there another option?
There is! Technology has come a long way and there are several Point of Sale (POS) systems that have tons of amazing features, including Inventory Management. At Skurla’s, we have these solutions for grocery, liquor stores, specialty retail, and more. These systems can easily give you answers to the “5 Questions” mentioned above and even automate some of those tasks. No matter the size of your business, these solutions can save you a lot of time and money. We even have a solution that eliminates up to 99% of your credit card processing fees and includes some of our popular POS systems at no cost!
If you need help solving your inventory mystery, Skurla’s is here to help.
Give me a call at 907-243-2683, Option 3, and let me work with you on getting you the right solution.