Wine POS

How Barcodes Help Inventory Tracking

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Inventory Tracking with Barcodes

In the retail industry, using a barcode can help you manage your inventory more accurately. By tracking your inventory by the barcode, you can easy manage orders, receive shipments, and see what is selling within your point of sale system.

barcode

Barcodes are especially helpful when there are multiple products that may have the same UPC code. For example, within the liquor retail industry, for your beer you have your standard brews and your holiday brews. Both products may share the UPC code. If you use a SKU number and a barcode, you can easily manage the items as standalones and the inventory of those items.

Some may not have implemented barcodes within their stores yet because they feel it is difficult and not cost effective. That is false. Implementing barcodes is very easy and cost effective. If you have the right point of sale system, they will have a ticket designer in the back office where you can easily print tickets when you have item price changes, promotion changes, or simply adding in new items. The ticket designer should be able to work with a ticket printer of your choosing. Ticket printers are typically a zebra printer or a regular printer with Avery labels.

If you’re still not convinced to implement barcodes yet, here is the number one reason (besides inventory) to implement: A seamless checkout process for the customer.

Thinking About Upgrading Your Liquor Store POS?

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Upgrade Your Liquor Store POS

Point of sale technology has progressed rapidly in recent years. Traditional registers and outdated point of sale systems do not provide business operators with the right information to make effective business decisions. This can leave their customers with a less than satisfactory experience. With a modern point of sale system, you can track inventory and create meaningful relationships with your customers.

However, making the decision to upgrade or invest in a new liquor store point of sale system can be a BIG decision. Here are signs to watch for to see if your store is outgrowing its current system.

Customer experience is suffering.

Can you offer your customers promotions or rewards? Can you process EMV transactions? Do you offer Apple Pay? Your customers are looking for ways to save money and earn rewards. Studies have shown that if rewards are offered, customers will spend more. Additionally, ways to pay are constantly changing. In the beginning, it was just cash, and then debit and credit. Now businesses need to be EMV compliant and as smart technology grows, Apple Pay and other payment methods will become more popular. Even the checkout process can affect the customer experience. POS transactions going slow? Card processing taking too long? By addressing the little things, you can improve the customer experience.
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Unsupported solutions.

Is your current point of sale system out of date? Are you happy with the level of support that you are receiving? Having an up-to-date POS system and support for your POS is very important. If you are having technical issues, you should be able to reach someone for assistance in a timely manner and without having to pay a hefty fee. The system should always work as advertised. If you are considering upgrading or installing a new point of sale system, ask for a personalized demo and find out how support works. Make sure the system does exactly what it says it does and that support is included. If you wish to schedule a demo with mPower, please email the sales team by clicking here.

Multi-location and/or transferring issues.

Do you have more than one store but are unable to see all the information from a centralized location? Having visibility into all of your stores’ inventory and selling velocity data is critical. If store A is on the verge of running out of Vodka Y and store B has an excess of Vodka Y, you should be able to seamlessly transfer that product to the store in need. mPower Beverage solves these issues. To see how mPower can assist with the intelligent transfer of inventory between locations, please view our video her
e. To learn more about how mPower allows you to access information remotely, click here.

E-Commerce issues.

Do you have a website or are you thinking of building one? Does your current system seamlessly integrate with your website? Being able to manage your e-commerce efficiently is important when running your online store. You need to be able to change pricing and product when required. mPower Beverage sends your product and pricing information to your website every five minutes. To learn more, click here.

Lack of insights.

Are you able to see what products are selling quickly? Which products aren’t selling? Are you able to generate sales and comparison reports? Being able to see what product is selling  vs. not selling is critical information needed to make effective business decisions. mPower Beverage Software offers its users complete insights into their business. We have over 70 customizable reports, which can also be converted into charts or graphs for visual analysis.

Most importantly: Your current system doesn’t align with your needs.

As your business grows and evolves, your point of sale system should grow and evolve with you. It should be able to meet your needs as they change. For example, when EMV began to be required on October 1st, 2015. A merchants preparedness relied heavily on their point of sale and card processing providers. Some providers did not deliver on-time or as promised, forcing some retailers to purchase a new point of sale system. mPower Beverage Software was prepared and was one of the first liquor store point of sale softwares to offer EMV compatability.

If that isn’t reason enough for you to check out mPower Beverage Software, support AND software updates are included in your annual support agreement. We take pride in providing our customers the best customer service and support possible. We listen to our customers to make sure the software is evolving with your needs.

To learn more about mPower Beverage Software, please contact our Sales team at (877) 396-0141 or send us a message by clicking here.