As a business owner, you’re often in charge of a large variety of moving parts. From expense reports, to hiring and training new staff, there’s always a long list of administrative tasks to keep track of. With so much going on at your service station, it can be easy to overlook essentials such as maintaining good stock management.
In the past, stock management has been a laborious undertaking that is difficult to track. Realistic numbers may have been difficult to maintain, and the only reliable way to report accurate stock levels would have been to track counts daily by hand. Thankfully, modern POS systems have made the stock management system much more user friendly.
We’ve partnered with our friends at Beacon POS Systems for a closer look into why stock management is so important, and how Beacon’s POS systems can help your petrol station to maintain accurate stock counts. From guiding future business decisions to preventing theft, having an accurate picture of your stock is integral to your service station’s success.
Stock Management Provides Accurate Data
When making decisions about financing and budgeting, having an accurate count of current stock can be a huge help in making informed spending decisions. Unfortunately, human error can often render manual counts inaccurate. This is why POS systems with stock management features can make such a difference at your petrol station.
The Beacon POS features an innovative stock management system that ensures you have fast access to concise and accurate stock data. Numbers you can trust mean that you can be confident while budgeting and planning the financial logistics of your service station. Historical data can be proven reliable and used to plan future expenditures.
As a small business owner, every dollar wasted on excess stock matters. Eliminate the need for guesswork by relying on a POS system that gets it right, every time.
Prevent Empty Shelves
Nothing is more disappointing to customers than visiting your service station with plans to purchase a specific item, only to find that the item is out of stock. Customers who leave your business empty handed are far less likely to return, even if what they are looking for arrives the next day. Avoiding instances like these is critical to the reputation of your business, as well as maintaining repeat customers.
For popular or quick-selling products, knowing how fast stock is being bought and sold helps you to prevent instances of empty shelves. POS systems with efficient stock management allow you to quickly track and check the number of items left in stock. From there, you’re able to preemptively order, preventing disruptions in availability and raising customer satisfaction.
Organisation
A poorly managed stock count can lead to over-ordering. This over-ordering can lead to a lack of storage, and disorganisation overall;. Avoid the chaos of excess stock by maintaining accurate inventory. Automatically updated each time an item leaves or enters your stock, using a POS to track your inventory makes it simpler to maintain a streamlined store front and front of house.
Reduce Instances of Theft or Missing Stock
One of the best ways to reduce instances of customer and staff theft is maintain a clean, organised store and keep an updated tally of expected inventory counts. When customers and employees know that stock numbers are being regularly reviewed, it serves as an effective theft deterrent. Furthermore, knowing that a POS System is digitally recording these totals is even more efficient.
When individuals know that missing stock will not be summed up to human error or misplaced stock, they are far less likely to believe they can get away with taking items. POS Systems such as the Beacon POS use top of the line stock management software to ensure you notice immediately when an item is unaccounted for, protecting your business and your bottom line.
Beacon POS Systems Simplify Stock Management
Stock management shouldn’t become a constant headache for your petrol station. Modern POS systems are taking inconsistencies and human error out of the process, making your life as a business owner easier.
Our friends at Beacon POS Systems utilise innovative inventory management and count tracking technology to provide accurate data whenever you need it. Prevent theft, empty shelves, and the hassle of overstocking by investing in a system that takes the hard work out of stock management.
To find out more or organise a quote on a modern POS System, contact Dan Armes on 0490 415 063 or [email protected]