RetailPoint’s advanced inventory functionality is one of the most powerful point of sale (POS) inventory systems ever offered. Inventory data is presented in real-time from anywhere. Retailers can now monitor and manage any website’s inventory at any given time. With visibility into the different sites’ stock levels, retailers are ensuring no locations ever suffer from a stock out of a given product.
At the core of RetailPoint’s inventory functionality is the product information management (PIM) tool. Enspire’s PIM is second to none and allows retailers to have control over products and inventory like they’ve never had before. The PIM tool allows retailers to add an unlimited number of attributes to products for a simplified product search.
Associates can search and add items and services to a receipt at light speed by only having to type tags, portions of the name, descriptions of the item or simply entering the UPC into the intuitive search system. If a potential customer doesn’t remember item specifics, an associate can simply search by the details they do remember. Items that best match the users’ search will then populate a drop down box as the user types. Often, just a few characters are needed to locate the product. Once an item is selected, the user can view all information about that product or service. With sufficient administrative privileges, users can add or edit information such as product details, cost or availability in a multi-store environment.
The data entered for each item will be shared across all stores within a multi-store environment, so each product only needs to be entered one time and with proper integration, it will also be displayed in the e-commerce storefront. Even if a retailer does not plan to utilize the e-commerce storefront, giving employees access to detailed product information is a powerful sales tool in and of itself.
RetailPoint's intuitive features and functionality make the receiving process easy to manage and allows delivered items to be accepted with ease. Products can be scanned, manually entered, or imported and received from a previously created purchase order. As soon as items are received within the system, inventory levels are adjusted in real-time and can be accessed from any store location in a multi-store environment.
Set inventory re-order points to help automate the ordering process using definable fields to help identify when it's time to order a product and in what quantity. The "Min" (minimum) field indicates how low inventory levels should be before products are re-ordered. Meanwhile, the "Max" (maximum) field defines the maximum level of stock for an item based on a number of definable attributes including shelf space, shelf life, how fast a product sells, item cost, and whole host of other factors.
Generating purchase orders (POs) is easy using RetailPoint. Items can be added to a new purchase order effortlessly by scanning, flagging, searching or manually entering. Advanced functionality can generate POs automatically or make suggestions based on vendor, stock levels, minimum stock settings, maximum stock levels or recent sales activity. With proper integration, these POs can be sent and received directly from the point of sale.
Importing your existing inventory data with RetailPoint POS software is a snap. The RetailPoint team will work with you so that the process is optimized from start to finish. Import services can be supplied to paid accounts at additional cost.