How-to-Set-Up-a-Point-of-Sale-System-for-Grocery-Store-Main-Image
Retail & eCommerce Warehouse Management by FTx Global

In today’s fast-paced world, customers are looking forward to a fast, hassle-free and customized shopping experience. In line with this scenario, POS Systems are the best solution to offer the best shopping experience to your customers. In this blog, we will discuss the role of POS systems, their significance, how to set up POS systems for a grocery store, and the growing demand for an omnichannel approach combined with POS Systems. Read on to know more.

What is Point of Sale (POS)?

It refers to the place where a customer carries out payment for goods/services in a retail transaction. When any customer walks up the counter or online check out to buy an item from your booth/stand, it is considered as the point of sale. A POS can be a physical or virtual place where a sales transaction occurs between a consumer and the buyer. In a store, POS is a place where checkout happens, orders are processed and payment is made.

What is a Point-of-Sale System?

It can be defined as an overall hardware and software system used for billing purposes in any POS store. It comprises units for displaying product weight, total orders made, and other hardware units, namely printer for receipts, cash register and hardware units for barcode scanning. These systems have been around for a while, but as they prove their worth, several stores are opting for POS Systems to carry out their routine operations. A good POS system functions as the heart of any online store or business. With these system’s evolution, they have become more effective and are offer considerable benefits to the store owners.
What is a Point of sale system

What is the benefit of having a POS System in place?

Having the right POS System for your store or business can help you eliminate manual entries and reporting errors. With a POS system, you can have key insights about your customers, their buying behavior, inventory level and why more supplies should be ordered. There are several benefits of having a POS system, like it automates routine tasks, records daily sales receipts and tracks inventory. Besides it helps streamline your

business operations, analyze sales data and automate different processes like inventory control, customer management (loyalty programs), marketing outreach and a lot more.

Following are some useful benefits of POS System for Grocery Store:

  • Facilitates inventory tracking
  • Enhances customer experience
  • Allows retailers to operate from multiple locations
  • Assures customer data security
  • Offers detailed report on purchase and sales
  • Speeds up the product return process
  • No-contact contactless transaction

Types of POS Systems

There are 2 types of POS Systems: On-premise & Cloud-based POS Systems. Let’s understand about them in brief:

  • On-premise POS System:
    Also well-known as traditional or legacy POS, this type of Point-of-Sale system includes both hardware and software. The software is installed and kept on a server located in your physical location. Depending upon your business requirements, you can set up more than one terminal.
  • Cloud-based POS System:
    Also termed a web POS system, the best thing about this system is that it combines both the features and power of an on-premise POS and inherits the benefit of cloud-based storage. It leads to ease of use and makes it more reliable compared to its counterpart. The installation of cloud-based POS takes place in the remote data centers of POS providers.
  • Open-source POS System:
    This type of POS System allows you to modify and customize POS Software as per your specific needs. Even though initially it would be cost-effective, but it needs maintenance and updations over time. Therefore, this type of POS System is ideal for large-size businesses or probably for small-scale businesses, which require more customization.
  • Omnichannel POS System:
    This type of POS System allows you to operate your business across different platforms in either offline or online mode. Data gets synced and updated automatically in real-time to ensure consistency and offer a seamless experience for customers.

POS System for Grocery Store

If you own a grocery store, you would require Grocery Store Point of sale systems that can easily take care of different activities. These activities can handle large volumes of perishable inventory, track and manage store employees and maintain customer loyalty with CRM features. It has been observed that customers tend to spend more when they make any purchase through debit/credit cards, so markets, especially grocery stores, were the early adopters of POS systems.
POS System for Grocery Store

How can a POS System for Grocery Store Prove Helpful to Grow its Business?

Having the best Grocery Store Point of sale systems is very crucial for the success of your business. POS Systems have great significance when it comes to facilitating payments between several businesses and their customers. Besides, these systems can manage different tasks such as tracking inventory, reading coupons, tracking consumer habits and much more.

Grocery Store POS is a must-have for all grocery store owners who deal in the selling of products and the best thing is that these systems can be easily integrated with other systems. Having information such as when and which products are being sold can be of great help for businesses to understand consumer behavior and cater to their requirements in the best possible way.

Suppose you are operating a grocery retail store but are not doing business online. In that case, you will face a huge loss as several ubiquitous competitors out there have launched their grocery stores online. But on the contrary, if you are doing business online and are not considering doing business offline, you will not reach offline customers. Therefore, it is necessary to consider both offline and online as an option to do business. In this scenario, the omnichannel solution is the best way to operate a grocery store.

How to set up Grocery store point of sale systems?

  • Find the best suitable retail solution provider
    It is essential to make sure that a solid POS system is the best fit for your business or not. If it is the best fit, approach a reliable retail solution provider to set up a POS SYSTEM for grocery stores.
  • Launch the Software & Login
    The first thing which is required is to run the software and visit your store’s URL. In case if it’s a web-based software, then you will not require any installation. If you are using an iPad, you need to download or install the application on your device. You can then log in and configure your account accordingly.
  • Enter/Upload Your Store Products
    After creating your account and logging in, you should set up your store’s inventory in your Grocery Store Point of sale systems. In the case of few items, you can choose to enter the data manually into the system, whereas if you have a large catalog, it is essential to upload inventory details in bulk. There are modern POS solutions available too, which lets you use a CSV product list to upload inventory information in bulk.
  • Setting up User Accounts
    With POS SYSTEM for grocery store, you can set up profiles/accounts for team members who also use the system. Let’s say, for example, Cashiers, Admins, Store Manager, etc. You can set user permission levels to limit them from accessing certain features or information.
  • Setting up Hardware
    Depending on your store setup, the type of equipment you will require may vary. There are several devices available such as barcode scanners, receipt printers, cash drawers, etc. It is suggested to consult with your retail solution provider to figure out an ideal device. The basic step to set up equipment usually involves switching on the device, connecting the device to a Wi-Fi network and finally pairing it to your POS System.
  • Setting Up POS Software
    After setting up the hardware, you need to set up the software too. For this, you can go to the settings menu and configure account settings as per your requirements. You can consider certain things like setting up sales tax rates, third-party integrations, customizing bill receipts with company name, logo, address and other important information like return policy.
  • Setting Up Payment Methods
    Once you set up your payment equipment to your POS SYSTEM for grocery store, you need to configure software settings to recognize the payment processor. In this procedure, too, it is recommended to have a word with your retail solution provider to figure out ideal steps to integrate the POS system with the payment processor.
  • Integrate Loyalty Programs & CRM
    In POS System, you can register customer information with their photo, address and other essential information such as registration of multiple addresses, preferred delivery person, etc. Besides, you can also activate built-in loyalty programs, provide redeemable options, customize conversion rates for redeemable points and reward products to your consumers.
  • Connect POS System with other Business Applications
    You should integrate your POS SYSTEM for grocery store with apps, which you are already using. You can experience great growth and success in your retail business if the apps you are using are connected to each other. You can choose to integrate your POS Software with an e-commerce platform, ERP, accounting software, loyalty programs, etc. If you are not aware of which all are apps you can connect to your POS Software, you can consult with your provider.
  • Training & Learning of Staff
    Several POS providers offer video tutorials and product documentation too so that staff members are trained on using the POS system. Step-by-step training videos explains about the whole process so in this way staff gets an idea about how to use the POS system. Before the training for staff commences, it is suggested to set up POS system in the manner it will be used in the store.

What are Setup Requirements for POS System?

Set up requirements for POS system may vary, there are several advanced POS systems offered in the market which are tablet-based and are easy to install compared to their counterparts. Setup instructions for the POS system are made available on their official websites, enabling you to decide for yourself whether you would be able to set up the POS system yourself or require professional assistance.

Following are hardware requirements for setting up a POS System:

  • Cashwrap
  • Display screen/touch screen
  • Cash drawer
  • Customer Facing Displays
  • Barcode scanner
  • Receipt Printer
  • Card Readers

Role of POS System in Inventory Management for Grocery Stor

Manually tracking and managing your inventory is a difficult task, which is tedious and time-consuming. Using the right POS SYSTEM for grocery store for inventory management is one of the best decisions a grocery store can make. If they don’t have a POS system in place, then probably they will never know about the status of their inventory and there might be chances that your inventory might become obsolete.
With the help of a POS system, you can speed up the checkout process significantly. When you have a centralized database of your products, pricing and customers, you can quickly search for the products, assign a particular order to a customer and apply discounts by making little effort. The best thing about having a POS system is that you can efficiently reduce the chance of customers leaving your store without purchasing anything. POS SYSTEM for grocery store can eliminate the need to stand in a queue for a long time to complete their purchases.

Following are some noteworthy benefits of using POS Systems for managing inventory:

  • Tracks inventory level
    It helps keep track of inventory so that you can know which products you need to order and also helps in reducing buying costs.
  • Generates reports automatically
    You can generate sales and inventory reports for any time period and get a fair knowledge about sales performance and inventory levels
  • Increases business profitability
    When costs of carrying and ordering inventory get reduced, it will lead to increased business profitability.
  • Handles remote management
    If a store operates in multiple locations, the owner doesn’t have to worry about inventory theft or anything pertaining to inventory since the POS system keeps track of it.
  • Dynamic inventory management
    The use of POS systems allows the business owner to make use of a perpetual inventory system.

Important Factor: Consider Omnichannel Approach When Setting Up a POS System

Engaging customers through the digital revolution has become the current trend among stores worldwide. Internet, digital communication, online ordering facility and social media have created a huge impact on how customers perceive and experience any brand. It can be said that omnichannel is all about engaging customers wherever they are and offering them excellent shopping experience at every touch point. These touch points can be mobile phone, website, brick-and-mortar store, mobile app, online marketplaces, email, catalog, social media or chat/push notification/mobile message.

Traditional POS has its limits, but with omnichannel POS systems, it’s a different ball game together. Omnichannel POS systems too have tools and software solutions that offer single stock display across different sales channels, integrate product information and stock levels, update online catalogs and not to mention offers flexible fulfillment options like ‘Buy Online, Pickup in Store’. This undoubtedly offers a rich and personalized shopping experience to your customers at POS.

The omnichannel approach will soon blur the lines between an online and offline shopping experience. With it, your customers can have a hassle-free shopping experience and can leave the store satisfied with their purchases. Grocery stores need to adjust themselves to the advanced developments and should develop an integrated omnichannel strategy to integrate essential solutions with sales channel integration. This will help them achieve effective brand visibility and offer added value to their customers over their counterparts.

When stores follow the omnichannel strategy, they are sure to offer their customers the best digital experience, whilst enriching brand image and offering personalized service to their customers via employees connected online.

Having actionable data can create a huge difference for a business to understand where it is lacking and which are its strong areas. Therefore, it is essential to have complete visibility of the entire buying process/journey of a customer through every stage. This is where omni-channel retail management comes into the picture.

Benefits of Omni Channel Approach for Grocery Store POS

There are 5 key benefits of going omnichannel with POS SYSTEM for grocery store:

  1. Increased Customer Loyalty
    It helps keep track of inventory so that you can know which products you need to order and also helps in reducing buying costs.
  2. By adopting an omnichannel approach, grocery stores can retain customers by giving them the freedom to shop from multiple channels. It paves way to customized shopping experience and increased customer satisfaction too.

  3. Price Flexibility
    Customers are ready to shell out more money if the seller offers them a customized buying experience. This means grocery stores can offer the best quality of products combined with a high level of service without getting concerned much about the costs. This will pave way for great possibilities for creating pricing strategies.

  4. Increased Profits
    Offering the best customer experience can result in a great business and on your revenue too. With an omnichannel strategy, you can improve customer experience and in turn, can attract customers and do great business.

  5. Inventory Management
    As omnichannel POS Systems share stock-related data across multiple channels, it avoids the risk of inventory being stagnant for a long period of time. So it helps in effective inventory management and lest you know the current status of inventory.

  6. Upsell/Cross-Sell Opportunitie
    With an omnichannel strategy, customers can get access to data, grocery stores can send emails, text, push notifications and direct mail of recommendation upgrades and complementary items.

How to Create an Omnichannel Strategy for your Grocery POS system?

The first and the foremost step to set up an omnichannel strategy is to integrate your online store with a POS System. It has been observed that several e-commerce platforms and online stores are using POS systems for order processing, inventory management for grocery stores and to keep track of their sales data. With e-commerce POS integration, online businesses or stores can boost their sales and revenue. By adopting an omnichannel strategy, customer shopping experiences can be enhanced in a remarkable way.

As per Harvard Business Review, about 73% of consumers use multiple channels to purchase any product throughout the whole purchase cycle. Further, a study conducted by Harvard on 46,000 customers revealed that omnichannel customers are more likely to make a purchase when compared to single-channel customers. Therefore, from this, it is evident that with an omnichannel shopping experience, online stores and businesses can increase sales, attract more customers and offer the best customized shopping experience to them. Therefore, POS Software integration with e-commerce is the first step that has to be followed to pave the way for omnichannel. Ecommerce POS integration helps in managing all online and offline stores and helps in delivering personalized shopping experience.

Why You Should Bank on FTx POS Systems?

  • Easy to use be, it front-end or back-end
  • Order, sales and inventory management from a single portal
  • Delivers contactless billing and payment experience
  • Enhances customer experience while building brand awareness
  • Tracks, records and analyzes business transactions
  • On-demand integrated payroll and accounting management services
  • Our POS systems offer features like age verification, confirmation and age requirement for store retailers like cigar, tobacco, liquor and vape stores
  • We offer omnichannel assistance for online businesses
  • Specialized POS systems for different states with different laws
  • ID scanner comes integrated into our POS systems to automatically scan driver’s license
  • Helps in detecting fake IDs
  • Automated layout to have control on the amount of information you want to share with users of the POS system
  • Training of staff in the form of video tutorials and step-by-step documentation for using POS system
  • Get 24 x 7 technical support for your queries

Final Thoughts

Since several grocery stores are low-margin operations, therefore it is essential to have POS SYSTEM for grocery store in place that can help them carry out their business in an effective and hassle-free way. It is essential for grocery store owners to embrace the benefits of omnichannel approach and POS Systems to maintain a competitive edge and offer the best shopping experience to customers. It can be concluded that POS Systems plays a crucial role in easing the process of grocery store’s daily tasks and should be adopted to handle tasks in an efficient manner.

Rely-on-Restaurant-POS-Systems-to-Manage-Your-Restaurant--Main-Image (1)
Retail & eCommerce Warehouse Management by FTx Global

To be ahead of your competitors, it is essential to have a nice ambience and experience for your customers. Other vital factors to take care of is quality service, cleanliness, hygiene, food quality, lighting, décor choices, choice of music played, etc. But all this means nothing if you don’t have a restaurant POS system, an important sales and operations tool.

If you don’t have restaurant POS, you will lose on upsell opportunities, offering better customer service and improve overall revenue. It has been often observed that when purchasing a new POS for a restaurant, one of the common mistakes restaurant owners make is buying a retail POS system for restaurants intended for retailers instead of opting for a restaurant-based POS system. Let us gain an understanding about this system in detail.

What are Restaurant POS Systems?

These POS systems allow restaurant owners to effectively manage inventory tracking, kitchen order tracking and ease the restaurant billing process. An effective POS system helps in effective planning, measures food cost, reduces wastage, pilferage and enhances customer engagement.

What are Restaurant POS Systems

Retail POS Systems vs. Restaurant POS System

Even though Retail POS is a great tool to use, but it is suitable for retail store owners. If you own a restaurant, then you should make use of restaurant POS systems. Retail POS systems have basic features, but your restaurant needs more than just basics.

How Restaurant POS systems are reliable compared to retail POS systems?

  • Table Management: A retail POS system will not offer table management, whereas if you own a restaurant, you will require a restaurant POS system for table management.
  • Online Order: With the retail point of sale systems, you will have to pay a portion of every order to third-party online ordering sites. Why share your profits when you can use restaurant-based POS systems that can easily integrate right into your system.
  • Analytics: What sold the best today? Which server made the most tips? Only a restaurant- based POS system can answer all the related questions that a restaurant owner wants to know.
  • Customer Database: Who are your regular customers? Which food do they love the most? With the help of a restaurant POS system, you can keep track of your valuable clients with an integrated loyalty program and database that reflects customer purchase trends.
  • Relevant Add-on Integrations: From managing inventory, employee scheduling, gift cards, sales, loyalty points or customer database everything can be managed from just one restaurant POS system. The same can’t be handled by retail POS systems.

How Restaurant POS systems are reliable compared to <a href=

What difference can restaurant owners observe with restaurant POS Systems?

  • Improve Customer Relationship

    With the help of a POS solution, you can give the best customer satisfaction, thereby enhancing the customer experience. With restaurant-based POS Systems, you can change food menus as per season, weekends or regular days, occasions, events, etc. Apart from this, you can also reduce waiting time and facilitate multiple payment options for customers. POS systems lead to quick, better and improved service, which leads to great customer satisfaction.

  • Reduce Waiting Time

    In a restaurant, food is served to customers from separate areas. There are different counters set for different food items namely appetizers, desserts, salads, main course, etc. Customers might order a variety of food items from separate places. This type of instance is common and demands proper synchronization; otherwise, it might confuse waiters and lead to serving wrong orders. With a restaurant POS system, you can easily integrate multiple servers in a single line. It further helps in allowing fast order processing, improves table management and on-time food delivery. In this way, waiting time is reduced and it enables restaurants to increase the efficiency of operations, increase customer satisfaction and serve more customers.

  • Enhances Kitchen Efficiency

    By using a restaurant-based POS System, the whole order journey from the customer to the kitchen can be drastically reduced. When you use a cloud-based POS system, the waiter can send customer orders directly to the kitchen without wasting time. The to and fro can be reduced to a great extent, which makes customer service the main focus point of the server.

  • Manage Recipes & Inventory

    In your restaurant POS system, you can map your ingredients to recipes. It also reduces wastage and pilferage. It also helps in inventory management, especially when you have multiple deliveries. With a restaurant POS system, you can efficiently manage what is in stock and provide accurate and updated snapshots of items available in inventory.

  • Automated Menu Display

    Menu forms an important part of any restaurant. It has been observed that about 75% of customers check menu details before they order food online. When you visit any restaurant, you might have observed that first of all, you would be handed a food menu as soon as you arrive at a table. With the help of a POS system, this time-consuming thing gets sorted. You can create a visual menu display for your customers. Customers can quickly get the menu, so this will save both customers and staff time.

  • Accept Online Orders & Track Orders 24 x 7

    By using a restaurant-based POS system, you can serve customers anywhere be it restaurant, office or home. It has become a common trend among foodies to order food online and relish it in their comfort zone. So, with restaurant POS system, you can integrate it with multiple online ordering channels to track orders 24×7. In this way, you can capture customer’s data and update the same with the CRM database. It might happen that customers may have queries regarding your restaurant or food quality, so you can answer all their questions using this software. It leads to customer satisfaction and helps to create a positive impression on their minds.

  • Table Management & Reservation

    Using this restaurant POS system, you can manage table orders and the reservation process. Customers can place orders via a mobile phone or tablet. You can take track of booking information by making use of this feature in an accurate manner. It also gives owners an idea about how many tables are empty. So this is the most vital feature to know to achieve profit and grow your sales.

  • Labor Management

    As per stats, about 75% of restaurant owners need management feature to manage their labors effectively. With the help of a POS system, they can easily track labor’s activity, attendance and work hours. It will help owners understand how their staff has utilized their time and help them to assess them in terms of paying salary, further recruitment or dismissal. Lastly, this system allows your staff to maintain their timing properly.

Over to You

We agree that a retail POS system can be used to conduct transactions, still when it comes to managing a restaurant, nothing can beat the efficiency and relevancy of the best POS system for restaurant. Restaurant point-of-sale systems are designed for the betterment of the restaurant industry. Thus, these systems allow restaurant owners to get the benefit of accessing useful insights and increasing operations in a way that retail point-of-sale systems can’t manage.

When Warehouses Take On Manufacturing Responsibilities A Critical Look at Production in the Technology Sector
Retail & eCommerce Warehouse Management by FTx Global

FTx Global (FasTrax Warehouse, Technology Sector)

Technology companies are always on the lookout to gain a competitive edge, and as a result, there have been major developments in improving warehousing software to accommodate this growing industry need. When warehouses also manage their own engineering and manufacturing, the organization of their logistics can become complex. Luckily, new warehousing software features have emerged to help business owners stay on top of their warehouses, manufacturing facilities, and engineering plants.

In this article, we will introduce you to the latest features to look for when upgrading your warehousing software, especially if you produce hardware devices in the technology sector.

Luckily, new cloud warehouse management software features have emerged to help business owners stay on top of their warehouses, manufacturing facilities, and engineering plants.

Today, manufacturers are making a concerted effort to greatly reduce the quantities of inventory items they store in their warehouses. Warehouses, therefore, are evolving into “flow-through” or “cross-docking” facilities. This means that companies like yours could be in the throes of restructuring manufacturing-to-warehousing workflows so that your finished & packaged tech products enter one side of the warehouse, are reconfigured into shipments, and then are immediately moved out into delivery trucks on the other side of the warehouse.

High-performance warehouses have adopted this model and cross-dock 50% or more of their manufactured goods. That being said, no matter how fast the flow-through becomes, warehouses will continue to be used for storage. Though the tech devices that you produce can be “made-to-order”, which would reduce taking up warehouse space, it isn’t possible to fully avoid storing inventory altogether. Warehousing will still be required for the foreseeable future, and the most successful technology manufacturers have made the necessary adjustments in their warehouses to meet the reduced need for space and the increased complexity of order-fulfillment turnarounds.

Have you made the necessary adjustments, too? And if so, does your warehouse inventory software have the depth and functionality to reflect this new, streamlined, and fast workflow?

Bear in mind that even if you have made the necessary adjustments, you will still need your warehouses to provide supply-chain flexibility. In other words, you must have a “shock absorber” in place. What specific “shocks” will your warehouse need to absorb? The first occurs when customers request product modifications after your facility has already built and fulfilled their tech device orders. This could clog up the workflow and storage system of your warehouse. Secondly, the business relationships you maintain regarding your manufacturing could fluctuate. Your contract to purchase ferrite from China, for example, could expire, freeing you up to purchase the same metal from another supplier. This relocation and shift in supply-chain activities more often than not falls on the warehouse personnel to track and manage. You are going to need your warehouse inventory software to be able to record every exception to every rule, no matter how much your supply chains are shaken up.

The lines between manufacturing and warehousing have blurred within the technology production industry. This blur has impacted warehouse employees the most in that they now face serious challenges, including:

  • Pressure to decrease manufacturing & warehousing costs
  • Greater corporate & customer expectations for accuracy
  • Ongoing efforts to reduce warehoused inventory by means of issuing postponement programs, consolidating warehouse facilities, and focusing on cross-docking programs
  • Strategies to streamline workflow and minimize inventory
  • Accommodating electronic & online orders with same-day shipping
  • The need to perform light manufacturing in order to prevent technology goods from being sent back to the manufacturing plant

 

Your company will have to upgrade its warehousing & inventory software in order to meet these new challenges and evolve into full-blown distribution centers that are equipped to predict and record inventory movement as efficiently as possible.

In 2021, the software you use at your warehouse needs to be fully-customizable, because nowadays warehouses are no longer limited to storing inventory, as we’ve highlighted in this article so far. If your company has gone beyond warehousing, and also doubles-up as a kitting and assembly hub, then the software used at your facility must be able to reflect your real-life workflow.

With customized warehousing in place as an aspect of your technology product manufacturing plant, you will be able to significantly speed up your assembly and delivery processes, while maintaining your core engineering and manufacturing autonomously. Be wise and go with inventory software that comes with warehouse automation and operations such as picking, barcode labeling, and other technology-infused features that reduce human error and speed up order-fulfillment times.

Does your manufacturing company offer end-to-end product services such as prototyping, patenting, designing, engineering, crowdfunding, and marketing? Your software needs to be able to handle every facet of your business.

Your manufacturing factory and warehousing facilities might also offer the full gambit of products and services to your customers including sourcing, inspecting, assembling, and checking quality control, which means that you need comprehensive functionality from your warehouse inventory software. Your customers go to you because you are an industry leader in prototyping and engineering technology equipment and devices, so why not use the best inventory software solution on the market today to take care of all of your operational needs?

If you own a technology product manufacturing company that offers end-to-end technology development for consumer devices that include Internet-of-Things products, Smart Devices, and Tech Wearables, then FasTrax Warehouse Inventory Software was built to accommodate your complex business and offer accurate, comprehensive reporting that will help you make faster, wiser project decisions.

FasTrax Warehouse gives you complete control of your inventory, no matter how many warehouse locations you have. Price lists can be assigned to account groups to simplify your invoicing and accounting. Daily snapshots are taken of your inventory, allowing you to run reports on your own schedule. And using our proprietary software allows you to view item quantities that are available at any given time, both on-hand and already-ordered with your vendors.

Let FasTrax Warehouse handle the heavy lifting of your inventory management! Click here to learn how FasTrax Warehouse can accurately track your technology devices & equipment inventory, and automate your daily distribution warehouse operations.

Learn more about FTx Global and what our services can do for you by visiting our website.

Best Inventory Software for Beer Distributors
Retail & eCommerce Warehouse Management by FTx Global

FTx Global (FasTrax Warehouse, Alcohol Industry)

At a basic level, managing your beer distribution operations can either be effective or insufficient. Effective distribution management will result in business growth, but becoming effective might be trickier than it sounds. Ask yourself, are any of the following common pitfalls familiar?

  • Your retail inventory management software, or IMS, is restricted due to multiple data points instead of a single source of inventory information. You can’t even answer a customer’s question or set accurate reorder points because you can’t see the big inventory picture on one screen.
  • Your warehouse management software, or WMS, is a contributing enabler of your warehouse workers taking too long to pack inventory, pick inventory, and put away inventory.
  • You have not streamlined your warehouse layout which has resulted in customer deliveries being delayed, and your labor costs have increased because workers are scrambling to fulfill orders.
  • Your transportation management system, or TMS, is either literally or essentially non-existent, and this has resulted in your inability to access real-time information about carrier rates or choose the most optimal trucking route to lower shipping costs without delaying orders and deliverables.
  • Your WMS and TMS have never been integrated, or if they have, the concomitant result is piecemeal nonsense that you rarely look at.

 

FTx Warehouse Management System Software

If you answered “yes” to even one of these pitfalls, then your entire warehouse management is subprime. When it comes to retail warehouse inventory management and the workflow of your entire beer distribution facility, you probably already know that one weak link can compromise the entire chain. If you answered “yes” to all of those pitfalls, then you know you have a serious problem on your hands, one which could cost you big bucks in the long run.

An excellent distribution management strategy generates value across the beer distributor’s entire supply chain. It empowers you to monitor your distribution efforts. As you gather data about how well your beer brands are moving from your warehouse to the retailers who are your customers, you can leverage and take action on that data. Most importantly, when effective retail inventory management software is in place at your distribution center, you will easily spot operational bottlenecks, identify weak workflows, and be able to easily improve inefficient processes that slow your workers down and drain your finances.

What is the fastest way to eliminate those problems and get on the fast track to success? You need to implement warehouse inventory software at your facility that exercises an empowering distribution management strategy; one which allows you to view the entirety of your beer distribution business, no matter how many warehouse locations you have, at the click of a button and on a single screen.

When it comes to selecting the best warehouse inventory software for your company, be sure to choose one that was designed with the warehousing and distribution center in mind. It should provide specific, measurable, and immediate benefits to your business. The software should also provide the following shortcuts:

  • Successfully fulfill customer orders
  • Consistently deliver customer value
  • Quickly adapt to market changes
  • Rapidly respond to potential disruptions
  • Boost the bottom line

 

FasTrax Warehouse gives you complete control over your beer inventory, no matter how many warehouse locations you have. Price lists can be assigned to customers and customer account groups for faster accounting. Daily snapshots are taken of your inventory, allowing you to run reports on your own schedule. And using our proprietary software allows you to view on-hand item quantities at a glance.

FasTrax Warehouse can also:

  • Assign price lists to account groups that easily correlate with customer accounts
  • Our Price Lists software supports tax and margin percentage pricing to help you clearly assess your bottom line. You can add and discount base prices by percentage or dollar, you remain in control
  • Location-picking features come with up to 10 location levels for items. Our pick sheets and handheld wireless devices allow your staff to quickly pick orders and eliminate unnecessary trips around the warehouse floor
  • Our software solution comes with EDI support so that you’re never alone navigating the collection and routing of electronic transactions

 

Let FasTrax Warehouse handle the heavy lifting of your inventory management! Click here to discover how FasTrax Warehouse can accurately track your beer inventory and automate your daily distribution warehouse operations.

Learn more about FTx Global and what our services can do for you by visiting our website.

how to choose the right inventory software for your warehouse
Retail & eCommerce Warehouse Management by FTx Global

FTx Global (FasTrax Warehouse, Inventory)

Warehouse technologies have been rapidly evolving. Speeding up efficiency, diversifying operations, and offering lightning-fast fulfillment times are imperative if a company wants to maintain a competitive edge, attract and retain customers, and make the most of their employees’ time.

Investing in automation is a necessary aspect of upgrading your warehouse workflow. Companies can also get a stronger handle on their supply chain management if they employ a warehouse management system with comprehensive inventory control, but if you didn’t know that, you wouldn’t be here. So, let’s dive into the characteristics of the right warehouse inventory software for you!

We’re going to keep things simple and give you three rules to live by while running your warehouse. If your warehouse inventory software doesn’t support these rules, then you might need to upgrade your technology and purchase a solution that does.

Don’t let short shipment holds bog down the entire warehouse
Inventory inaccuracies start when the quantity of an item received is less than what was ordered. In the industry, we call this “short-shipped” because the receivables were “short” of the quantity expected. Experienced warehouse managers know that late-arriving packages are usually the cause of this kind of discrepancy pileup. When short-shipped orders happen, they can create an inventory freeze and warehouse workflow bottleneck, and truncate the whole warehouse’s ability to fulfill other orders.

With a detailed, real-time, and comprehensive warehouse inventory software system in place at your company, discrepancies will be caught upon arrival, reconciled faster, and rather than freeze your warehouse’s entire inventory, your fulfillment systems can still move forward with orders that aren’t associated with the SKU items in question.

Normalize adjustment codes across inventory pools
No matter what size your company currently is, whether it occupies one warehouse location or several, it will gradually grow over time. When companies use different warehouses in various locations—even across several states—the inventory tracking becomes exponentially more complex. Each warehouse location has its own inventory pool to track, yet as the company owner, you need to know what the total inventory is any time you choose.

The answer to this challenge includes using intuitive inventory software that normalizes inventory codes across all warehouses as part of your overall maintenance routine. Normalizing codes provides a better idea of the items that are potentially available and helps forecast when an order can be fulfilled.

Connected inventory-adjustment system
Be sure to pick warehouse inventory software that includes a straightforward, centralized management tool so that you can identify shipment holds and sync inventory adjustment codes. You need to be able to easily and efficiently manage any changes therein. This is the most important way to improve short-shipped rates. Be certain that all of your warehouse databases and other inventory processing systems are connected and working in tandem to highlight inventory discrepancies and stop issues before they start.

By this point, you’re probably convinced of the importance of all of the features we’ve gone over, but do you know which software to choose?

FasTrax Warehouse gives you complete control of your inventory, no matter how many warehouse locations you have. Price lists are assigned to account groups to easily assign them to customer accounts. Daily snapshots are taken of your inventory, allowing you to run reports on your own schedule. And using our proprietary software allows you to see at a glance the quantity available on order and on hand for any item.

FasTrax Warehouse

  • Assign price lists to account groups and easily correlate them to customer accounts
  • Our Price Lists software supports tax and margin percentage pricing to help you see your bottom line clearly. You can add and discount base prices by percentage or dollar; you remain in control
  • Location picking comes with up to 10 location levels per item. Our pick sheets and handheld wireless devices allow you to efficiently pick orders and eliminate unnecessary trips around the warehouse floor
  • Our software solution comes with EDI support so that you’re never alone navigating the collection and routing of electronic transactions

 

Let FasTrax Warehouse handle the heavy lifting of your inventory management! Click here to learn how FasTrax Warehouse can accurately track your inventory and automate your daily warehouse operations.

Discover all of the services that FTx Global offers and partner with us today.