Inventory Management and Stocktake FAQs

A stocktake is a physical count of all the stock in your shop, compared against the stock levels in your records. It reveals shrinkage, damaged or missing items and counting errors, so your stock figures, reorders and profit reports stay accurate. Retailers often do a full stocktake once a year, with partial counts of selected items in between.

For more information, see AAAPOS RetailManager POS software.

RetailManager supports full stocktakes, partial stocktakes of selected stock and single-item counts. You can also count stock with RM-Mobile by scanning barcodes with a phone or tablet camera, which speeds up counting on the shop floor.

For more information, see AAAPOS RetailManager POS software.

Read the guide: How to do a stocktake on your mobile device.

Related FAQs: RM-Mobile FAQs.

Set a minimum stock level for each item so RetailManager prompts you about stock that needs ordering, and check the What Needs Ordering report before you buy. Put a barcode on every item to avoid keying errors, do regular stocktakes, and review your sales reports to see which products sell and which tie up cash.

For more information, see AAAPOS RetailManager POS software.

Yes. RetailManager keeps a record for every stock item, with its barcode, prices, supplier and stock on hand, grouped into departments and categories. It handles purchase orders, goods received, stocktakes and serial numbers, and prompts you when stock needs ordering.

For more information, see AAAPOS RetailManager POS software.

Yes. When you open the Purchase Order window, RetailManager prompts you that some stock needs to be ordered. Items below their minimum quantity also appear in the What Needs Ordering report, so you can see exactly which products are low, then create the purchase order yourself.

For more information, see AAAPOS RetailManager POS software.

Yes. RetailManager tracks serial numbers from goods received through to the sale, and you can look up any serial number to see its transaction history. This helps with warranty claims and returns on items such as electronics, jewellery, watches and tools.

For more information, see AAAPOS RetailManager POS software.

Related FAQs: Jewellery store POS FAQs.