Most retailers use retail inventory scanning at the point of sale, and for receiving the merchandise into inventory. Everyone from large well known retail chains to small independent retailers uses the UPC bar codes as an essential part of their retail business operation.
Although using UPC Bar Code is widespread, most retailers should be taking greater advantage of this technology as part of their inventory control solution. In POS management, retail inventory scanning can greatly help the retailer increase sales, profitability, and operational efficiencies while improving customer service. Here are a few examples:
Faster Retail Customer Check Out Time
Nothing is more frustrating to a customer than waiting in line while a cashier struggles at the register looking up a price or department, or checking with their manager to see if an item is on sale. When scanning bar-coded merchandise at the point of sale, you’ll obtain merchandise information control through software, making checkout time much faster and more accurate than manual entry or typing an SKU number. This provides better and faster customer service while ensuring that merchandise is at the correct price.
This should pair with a good POS Inventory Control system; UPC bar code scanning can facilitate the handling of quantity price breaks automatically, or enable pricing preferences for customers who are part of store loyalty programs.
Pricing Control for Retail Businesses
Protecting your profit margins and selling your merchandise at the appropriate price point is vital for the success of any retail operation. Nothing erodes margins faster than ringing up merchandise at an incorrect price due to cashier error or price tag switching. Obtain price changes and discounts implementation immediately, saving valuable time and handling costs.
Retail Inventory Control
In a point-of-sale system, when using a barcode scanner with inventory control software, selling, returning, and receiving bar-coded merchandise ensures that on-hand inventory levels have accurate adjustments. Scanners are extremely accurate in comparison to key entries, which helps maintain more accurate inventory levels.
By monitoring and tracking inventory levels, the retailer can make improvements to decision-making processes. Knowing which items are selling fast and need reordering prevents revenue loss due to out-of-stocks, or perhaps losing a valuable customer altogether because the competitor down the street always has their favorite item in stock. Valuable inventory capital will support slower-selling items and reduce them for clearance.
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