Running a convenience store means making a lot of quick sales. When your convenience store is located in a busy part of town, you may notice that your sales are at their highest when people are leaving for work and returning home from work. Other times may be a little bit slower for sales, which gives the staff time to stock and take inventory. For store inventory, a perpetual system is best for convenience store items. Here are three reasons why you want a perpetual system.
You know exactly how many items you should have
Not only will you know exactly how many of each item you have, but you will also want to know how many items you have in the store in general. If you have missed deliveries from any companies, you may immediately notice your inventory account lowered. If you are making lower sales some months, you will also notice that you have more items in store than normal and you can organize a sale or promotion. Knowing how much of what items are in the store will allow you to keep your eye on what you have and if it seems odd in any way.
You immediately realize what is lost due to shrinkage
In perpetual inventory systems for a convenience store, the item stock will decrease for the item each time a sale of the item is made. If you have less than what was stated in inventory, you will immediately know that the item may be misplaced in the stock room or that it is due to shrinkage. Going through to count the inventory, then matching it up to what is counted on the floor and stockroom will let you know if you have any shrinkage. If you are noticing higher than normal shrinkage, you will need to institute a better alarm or camera system to make sure that items are not easily taken.
You can zero things out when sending them back
Certain items go back to the manufacturer once they are out of date or if they are damaged. Medications will need to be zeroed out after they have passed the shelf date for safety. Only the amount of items that you have scanned to zero out will be removed from the system, updating the inventory perfectly. If you are reimbursed for any of the items that you send back, you can note this in the convenience store system.
Contact a company like Instant Inventory Service for more information and assistance.