Inventory Management and stock control
Inventory management and stock control is the process of managing all incoming and outgoing products in a retail store. A proper inventory management system is required to precede the regular and planned course of production and stock of materials. Retailers often use inventory management software to reduce their carrying costs by automatically collecting data, conducting calculations, and creating records. This not only results in time savings, cost savings, but also increases business efficiency. Stock control software can help distributors, wholesalers, manufacturers and retailers optimize their warehouses.
The scope of inventory management: replenishment lead time, carrying costs, asset management, inventory forecasting, inventory valuation, inventory visibility, price forecasting, physical inventory, available space, quality management, replenishment, returns and defective goods, and demand forecasting. Balancing these competing requirements leads to optimal inventory levels, which is an ongoing process as the business needs shift and react to the wider environment.
STOCK CONTROL SOFTWARE
With RFID stock control software your staff can then concentrate on sales and customer service, instead of stock taking. RFID technology will assist retailers with managing stock, reducing cost, increasing sales and improving cash flow.
RFID STOCK MANAGEMENT
RFID stock management also gives the user real time and detailed information on inventory levels, as well as detailed information of your stock (quantity, models, colour, size).
WHAT IS RFID TECHNOLOGY
RFID technology, also known as radio-frequency identification, refers to the digital data encoded in smart tags captured by a reader through radio waves.
RETAIL INVENTORY MANAGEMENT
Inventory management is what keeps your retail store in running efficiently. Retail inventory management is either taken by hand or electronically. Managing your retail inventory electronically makes everything easier and faster.
RFID INVENTORY MANAGEMENT
RFID stock control or RFID Inventory management is the process of managing products in a retail store by using RDIF tags, readers and software (also known as an RFID system). A proper RFID inventory management system is required to precede the regular and planned course of production and stock of materials.
RFID TAGS EXPLAINED
RFID tags are available in different shapes and sizes with features and options specific to certain environments and applications. Use your RFID reader and manage products with the RIOT application to generate accurate data.
RFID READER SOFTWARE
RFID is a modern alternative to barcode scanning and combined with RFID reader software provides the retail owner with accurate and up-to-date data and statistics. Retailers can use the RFID reader software to: manage inventory, RFID scan encoding, RFID EPC tag voiding, product locator, stock taking and salesfloor replenishment.
RFID INVENTORY CONTROL
Maintain accurate stock counts, reduce errors, and avoid time consuming manual entry of items with our RFID inventory control software. RIOT real-time inventory reports allow you to compile and analyse essential data, like transactions, inventory levels, or individual customer purchase order history.
RFID INVENTORY SYSTEM
RIOT Insight offers state-of-the-art RFID inventory system solutions to retail stores across the world. With our RFID software applications you can remotely manage your retail store inventory with the press of a button.
INVENTORY MANAGEMENT SOFTWARE
The RIOT Insight inventory management software packages give fashion retailers detailed up-to-date control and visibility of their store.
The scope of inventory management: replenishment lead time, carrying costs, asset management, inventory forecasting, inventory valuation, inventory visibility, price forecasting, physical inventory, available space, quality management, replenishment, returns and defective goods, and demand forecasting.
INVENTORY MANAGEMENT SYSTEM
Whether customers visit your physical store or online store they should be able to see which products are available or out of stock.