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Inventory Control

Inventory Control

The goal of inventory control is to reduce the cost of warehousing surplus products without negatively impacting a company’s sales by not having adequate inventory to fulfill orders. With proper supervision of product supply, warehouse storage, and easily accessible items, the company can maintain enough supply without raising the overhead costs.

Processes for managing products and locating materials throughout the warehouse facility can be developed and managed with computer based systems. RFID and bar coding technology allows a company to monitor inventory levels to meet current customer demands. Data collected in these processes can be used to identify trends and predict future demands. The company can use this information to manage manufacturing processes, raw materials acquisition, and control shipping costs.

Current systems using bar codes and RFID tags send data automatically to the management software. Well performing systems can reduce inventory Out of Stocks. Automatic tracking can include a wide collection of physical assets. Bar codes and RFID tags can be attached to merchandise, raw products, components used in manufacturing, or anything over which the company wishes to maintain physical control.

All transactions or movement of inventory feeds into the inventory management system. Movement can be identified according to the physical plant, work stations, or handheld and mobile computers. Remote viewing and counting technology allows the company to visually monitor asset movement and maintain quality standards. These systems also allow visual verification of data sent via the wireless control system.

Good inventory control must also include loss prevention procedures. Since inventory loss in warehouse facilities can come from employees, a good control system will include loss prevention as part of the system. Employee theft is on the rise and can eat into a company’s profits as easily as lost sales due to not having enough products to ship. SOPs should include having different employees handling receiving, inventory, disbursements, and adjustments.

The combination of modern technology and well trained employees is essential for creating effective inventory control system. Physical inventory counting can be a thing of the past. Companies can reduce the cost of labor, monitor and control inventory loss, and maintain a steady flow of products through the warehouse system and on to the customer. The more data compiled, the more effectively the company can control costs and profits. The control of inventory should be made part of the design of the entire warehouse management system. The capabilities of the management software should be evaluated in its ability to handle incoming data and the required reporting. The IT department should work closely with the directors of warehousing and manufacturing as well as vendors being evaluated for supplying the system.

Real time systems combine a wide array of components including asset tracking software, Radio Frequency ID tags, bar code tags and readers, and cameras, all with a wireless link together on the company’s network or on an internet based system. Companies with multiple locations can combine data and control capabilities to apply efficiencies across the entire organization.


Ideal Bar ERP Software and Inventory Management System – FBHControl

Ideal Bar ERP Software and Inventory Management System – FBHControl

FBHcontrol has launched Bar ERP software which is one of the Perfect bar inventory management system with Bluetooth Scale feature. Bar ERP tool supervise your income, promotion, cash, expense and many more. A bar holder in fact have to maintain track of everything that is coming and going. Operating a bar at constant revenue is difficult without having a complete liquid control system in hand. But if you do not use the correct method to maintain a successful bar then it could be very difficult job to manage it.

If you want to operate a bar business effectively and productively then it is most important to conduct an inventory on regular interval of time. It would be more appropriate if it is will be done each month. Dependable and honest employees are also needed to prevent theft. Inventory is also needed when bar operator needs to control and monitor it efficiently and maintain quality control. Therefore the importance of inventory in bars cannot be ignored. It has certainly great significance and proves to be productive if done on regular basis.

As inventory takes a lot of time and effort if carried out accurately and also feels irritating so unfortunately most of the bars do not manage it on regular basis. Choosing the best inventory management software for your bar is a difficult job but in fact you need to find it because the right type of software allows you to check and monitor your inventory and to have actual information about it. A reasonable functionality of any bar inventory management system includes check in and checkout in short words. Liquor inventory control is a crisis in our industry.

Liquor over pouring, staff stealing and theft etc are some of the major problems that badly influence the productivity of bars operations. Therefore a proper bar inventory software will help you to check, understand and monitor the performance of the bar by making sure how much liquor has been consumed and how much it actually needs. Liquor level is maintained. It is done by tracking bottles and then comparing it with the liquid sold out. It will surely help in the controlling the cost and prevention of loss. They can attain better prosperity by maintain very careful check on each and every item present in inventory especially every drink poured.

No doubt such type of system is very efficient in performance but unfortunately, not everyone can afford that. Are you looking for a bar inventory management system? Fbhcontrol will save you time, money, and remove alcohol over pouring and theft so you will be able to recover the cost of the system quite easily. With our advanced features and abilities now you can keep an eye on every ounce poured.

It helps in comparing expected inventory with actual inventory. Everything can be managed at one place. Now your IT cost can also be reduced by our system. You can avoid and recognize billing errors with the updated prices. It will help you become more productive. It has eliminated the work of guessing how much liquor is needed and how much is used because it provides complete facts and figures of everything.

I am a professional content writer. Now my article is on FBHcontrol which is US top bar inventory management System Company. Ideal Bar ERP Software has capability to manage the various hotels income, expense and reporting. To improve your business’ efficiency and profit, I’ll suggest you to try FBHcontrol.


Various IT Tools For Retail Management Like Barcode Scanners And Receipt Printers

Various IT Tools For Retail Management Like Barcode Scanners And Receipt Printers

Inventory and Cash Management are very important parts of any retail chain management and proper inventory and cash management helps retail businesses to reach global competency levels. Businesses having large amount and varieties of inputs as inventory may find it difficult to manually manage all the inventory. In earlier time all the inventory used to be maintained on registers and any inventory status related information can not be prepared instantly. Modern retail chains can not afford that delay as most of retail chains now operate real time supply chain management. Use of modern information technology tools, like Barcode Scanners, Label Printer, Receipt Printers and Cash Drawer, to maintain inventory and cash is proven best method.

Use of bar codes have made inventory management and billing process fast and convenient. Also chances of error with bar codes are almost nil. Lets have a bird eyes view on the use of bar codes in inventory and cash management. Barcode is unique number normally having more then 10 digits with unique lines printed over a product. Normally bar code is printed over the product at manufacturer level but in case there is no barcode printed on the product one can use label printer to print one. A label printer is a computer printer that prints on self-adhesive label material and/or card-stock (tags). Some label printers with built-in keyboards and displays are also in market, for stand-alone use. Label printers have a wide variety of applications, including supply chain management, retail price marking, packaging labels, blood and laboratory specimen marking, and fixed assets management. There are many types of label printers in the market like Desktop label printers, Commercial label printers, Industrial label printers and Industrial portable label printers. After getting all the products barcoded in your store next step is to register all the required information in the system like bar code range for a particular product, Prices of the products etc. Once done various POS (point of sale) software will do all the other tasks for you.

Once your customer has chosen all the products and he is ready for billing one needs to scan just the barcodes with the help of a barcode scanner. Barcode scanner is an electronic device for reading printed bar codes. Like a flatbed scanner, it consists of a light source, a lens and a light sensor translating optical impulses into electrical ones. Additionally, nearly all bar code readers contain decoder circuitry analyzing the barcode’s image data provided by the sensor and sending the barcode’s content to the scanner’s output port. Barcode scanner is quite fast device and it can scan thousands of product in a day without a delay. Scanned data of products get matched with already available data and price and other information of the product gets in to invoice automatically.

After scanning barcode with the help of barcode scanner invoice can be prepared using pos software. Receipt printers are being widely used to print invoice data for customers record. Modern cash drawer comes with separate section for each denomination of the currency notes. Cash drawer have some special features like after printing of bill cash drawer automatically opens and once the transaction is done cash drawer gets locked automatically.

Normally Barcode Scanners, Thermal Receipt Printers, Zebra Label Printers and Cash Drawers are required for making your business inventory system more effective and speedy. The Epson TMT88 V Serial POS thermal printer is the latest addition to Epson’s industry-leading TM-T88 POS printer series.


Point of Sale System Helps Control Bar Liquor Cost and Inventory

Point of Sale System Helps Control Bar Liquor Cost and Inventory

Bar staff often do their work without a direct supervision that would sometimes lead to liquor waste and theft which can be very hard to detect. Spillage, over pours, and waste are some of the ongoing problems that can mess up any liquor inventory. The liquor inventory loss can cause a big difference in the profit of a busy bar.

Fortunately, there is now a bar inventory management system that can help measure every ounce of alcohol that flows from the container, every day, every minute. In this way, hotel, bar and restaurant owners can certainly bring down any possibility of wasting liquor.

Fast, accurate, easy to use and invisible to the consumer, the entire system can usually be interfaced with the tailor made bar software. It offers bar owners with a real time report as well as the visibility of the actual inventory and the stock movements.

The typical benefits of a bar software are the following: -The point of sale system can easily track the pour costs, flow in contrast to the sales, trends and its brand performance -The software can help staff keep drink sizes at a constant amount. -The software offers bar owners a better record keeping of alcohol dispensing for risk reduction -It accurately tracks data every day, every hour and every minute. -The software can actually drill down to the exact time and location of each variance -The software can compare every ounce of alcohol dispensed to the point of sale records -The software has easy integration with CCTV to link variances to the actual images of customers and staff -It can assess pour costs and receive precise profit and loss information on a day to day basis. -The bar software can receive accurate variance analysis and alerts a PC or mobile. It can also set automated alerts in a store both on regional and corporate levels -The software can also check and provide liquor suppliers with reports on a brand’s performance as well as it can remove the need for manual stock takes To purchase bar software, call H&L Australia at 1800 778 340 Or log on to http://www.barsoftware.com.au/


About Author:

I’m a business expert who helps Barsoftware increase its visits and sales. To know more about Bar Point of Sale and all of their other services. Please visit their website @ www.barsoftware.com.au or you may call them through 1800 778 340.

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Advantages of Barcode Scanners

Advantages of Barcode Scanners

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A barcode reader (barcode scanner), also called a price scanner or point-of-sale (POS) scanner, is a hand-held or stationary input device used to capture and read information contained in a bar code. A barcode reader consists of a scanner, a decoder (either built-in or external), and a cable used to connect the reader with a computer.

There are five basic kinds of barcode readers each with its own unique advantage. Those are Pen wands, Slot Scanners, Charge-Couple Device (CCD) Scanners, Image Scanners, and Laser Scanners.

A Pen Wand is a simple barcode reader which is known for its durability and low cost; does not contain any moving parts. It has to remain in direct contact with the bar code at a certain angle.

A Slot Scanner remains stationary and the item with the bar code on it is pulled by hand through the slot. Slot scanners are typically used to scan bar codes on identification cards.

A CCD Scanner often used in retail sales has a better read-range than the pen wand. A disadvantage of the CCD scanner is that it cannot read a bar code that is wider than its input face.

An Image Scanner, also called as Camera reader, uses a small video camera to capture the image of the bar code and then uses sophisticated digital image processing techniques to decode the bar code.

A Laser Scanner, either hand-held or stationary, does not have to be close to the bar code in order to do its job and can easily read a bar code up to 24 inches away. A laser scanning may perform up to 500 scans per second to reduce the possibility of errors.

Advantages of Barcodes: –
Barcode scanning systems provide an array of benefits, including operational efficiency, better customer service, and improved visibility of key business information to management.

A bar code label of twelve characters can be wanded in approximately the time it takes a keyboard operator to make two keystrokes.

For every 1,000 characters typed by a keyboard operator, there are an average of ten keying errors. For an Optical Character Reader (OCR), there is one error in every 10,000 reads. With wands, barcode systems approach one error in every 3,000,000 characters, and with laser technology, they approach one error in 70 million entries.

Data Integrity
When all the products or item data is Barcode scanned, it is free of human errors when data is entered. Barcode scanners works as a designed user interface that prevent the input of invalid data.

Probable number of substitution errors per 3,400,000 characters

Data Entry Meth — Errors

Keyboard Entry — 10,000
OCR Scanning — 300
Barcode scanning(Code 39) — 1

Ease of Implementation
Operators of bar code scanners can learn to use the equipment effectively in less than 15 minutes. System costs are lower than other means of data entry because of the existence of interfacing hardware and software.

Cost Effectiveness
Barcode systems have a demonstrated payback period of six to eighteen months, and they provide the highest level of reliability in a wide variety of data collection applications. Barcode systems create value not only by saving time, but also by preventing costly errors.

Information is the most valuable asset for any organization. Every organization should protect its operations data with reliable data management by ensuring data accuracy and availability. Barcode Scanners equipment helps firms in maintaining accurate supply chain and operations data management.

For over 20 years, System ID has provided automation solutions and barcoding equipment to a wide range of large and small companies in virtually every industry sector. System ID offers more than 10,000 brand name products and services such as Symbol Scanner and Symbol Barcode Scanners.

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Inventory Control Software Solutions

Inventory Control Software Solutions

In order to run your business efficiently and effectively it is imperative to take the vital step of fitting in an inventory management solution. The software offered by ValuTrack provides an inventory management solution to meet the needs of small and large companies, healthcare and educational sectors and the government. This software enhances the customer service, increases the business worth and minimizes errors. If you select ValuTrack as your service provider, you will have a skillful and knowledgeable professional who will evaluate your business requirements and develop a software to enhance your business.

ValuTrack ‘s Inventory Control Software includes inventory control, asset tracking, check in and check out, in-house packing, and warehouses control solutions through a variety of providers. -7Hills- the eBizNet Supply Chain Suite that is a WMS Software Enabled Services program looks after the distribution, transportation, billing and more. This software may operate as stand-alone software or as part of the supply chain network globally. What makes this software unique is its multi-site, multi-client framework that manages multiple client inventories from one location for third party logistics and logistics service providers. -BellHawk- they focus on providing bar code stock tracking and traceability software. It allows the collaboration of bar codes, RFIDs and wireless mobile data collection for a complete Inventory Control Software solution. It is the perfect solution for assemblers, packagers, material converters and for food and drug processors. -Fishbowl Inventory- they have the Gold Developer Status, which is the highest recognition for third party integrators. It is the bestselling Inventory Control Program for incorporating into Quick-books. This exceptional solution provides unconventional data tracking competences, company owners want. -IntelliTrack- this software controls the number of consumable goods received and issued from the inventory. Mobile computing and bar codes or RFID tags make tracking inventory cost effective with this solution. The inventory software is an open source that enables ValuTrack to modify the reporting and set up a system to fit the business requirement. -NumberCruncher- It is All Orders software that provides a complete inventory and order management tool to in cooperates into Quick-books Pro, Premier, and Enterprise. All Orders, All Orders Web and All Orders Mobile are the three available options. The web version provides a website to assimilate with your All Orders program where you can make and modify accounts, look for items, make quotes, place orders and see inventory .Users from different cities can see and create inventory, consumers, sellers and sale orders from their mobile device with a wireless connection. This is enabled by the mobile version. -RedBeam – Inventory Control Software is developed to fasten the inventory transport, improve precision, eliminate out of stock situations, increase accountability and reduce shrinkage and paperwork. The spontaneous interface makes the solution simple and effective as the serial number, lot number, expiration dates etc. help to trace the items. -Wasp -Warehouses, retailers, stockrooms stock carrying trucks, installation contractors, and light manufacturing or distribution centers should use this solution. The users can create and print bar code labels, avoid inventory issues like end of year write offs and incorrect inventory counts can be easily done with this software. It saves time in looking for inventory.

Inventory Control Software solution is apt for your business, if you need custom-made reports to minimize data errors, process orders automatically, track expenses, manage several locations or track RMAs. To ensure smooth functioning of your business ValuTrack will work with you and your company to develop a solution for your business.

Identification of a product is easy when you attach a unique barcode. Inventory management can be computerized with bar code software provided by great companies like Valutrack which serve their local area of Boston and the world.


Getting Most From The POS Software

Getting Most From The POS Software

Now-a-days we can see millions of retailers using bar codes and scanners to check out customers and enter inventory. Even the small stores find that using bar coding is very practical since it speeds up the checkouts and assures pricing accuracy.

POS, the Point of Sale software, is something like a computerized cash register that the retailers use to calculate the sales and operate the cash drawer. The POS software adds up total sales, figure out the state sales tax, calculate the change back from the amount entered and can automatically adjust the stores inventory levels to debit the amount.

The Point of Sale package varies in capability, so it is the duty of the savvy retailer to assess their own needs and requirement before making a selection decision. The POS management capabilities that are needed for a multi-store will probably overkill for a single boutique store and the care it would require will not be worth the additional effort.

On the whole, the point of sale systems must be able to handle the sales, manage the inventory database, run bar code scanner and must be flexible enough to query the inventory and sales database in an easy manner.

Restaurant Point of Sale Systems is available in two different options. One is which the software can be installed in existing equipment with the help of an expert. The other option is that the software will come installed on high quality equipment that can be simply plugged in and used. This also includes technical support and DVD training. The management can use the software and cash register freely to see the overall success. The final result of the software is a smooth running restaurant that will have a community presence and is well know for its excellence. The system will provide many amazing results and it has many customized option that will meet the specific needs of the customers.

At the same time you have to make sure that the Point of Sale Software has the ability to search the inventory database not only on the item description, stock keeping unit, but by category, keywords and vendors also. A point to be noted is that without the search capability the employees must remember the exact stock keeping unit for all the products.

Unfortunately, not everyone uses the bar coding technology in a proper way, hence they do not reap the benefits they could.

If you have a Retail POS System then you have probably invested significant amount of money and time into the system. So you have to make sure that you are getting a return on your investment.

You may think that how can you better utilize this software tool to make more profit?

The answer to this question is very simple. First it is very important that you lay some ground work on how can you double your profits. When you have a look at it, you will get three main ways to make money. They are: –

Reduce your expenses –

Increase your gross profit margins –

Increasing the sales

At the same time you also have some hidden secrets to double your profit using the POS software. To increase your profits you have to reduce your expense by 1%, increase your profit margin, sales by 1% each. When you split up the things like this and implement some of the tactics then you can easily double your profit.

Point of Sales Systems