Resource Center for Expert Tips and Tools

Discover Valuable Business Insights and Ideas for Growth.

Filter by Category

Our Latest Blog Posts

Woman doing the inventory at a supermarket

The Top 5 Benefits of Accurate, Real-Time Inventory

Inventory management is essential to operating a successful business. Having an accurate count of inventory ensures that you don’t run out of product, and have an accurate sales count. While manual inventory management used to be the only way to track the products a store had on hand, those days are long gone. You might still be on the fence when it comes to implementing a new inventory management system for your business. However, there are many benefits to bringing an inventory management system into your store. Take a look at the top five benefits you stand to take advantage of by adding accurate, real-time inventory management to your business’s tools. #1 – Cost Savings Real-time inventory management reduces the occurrence of two costly issues: dead stock and unnecessary storage costs. Keeping track of inventory decreases the odds of a product expiring in storage and helps ensure that the products purchased are sold within a reasonable time. #2 – Greater Organization Accurate inventory management, in addition to managing product sales, can streamline warehouse processes. Inventory management helps warehouse employees organize stock so that it’s easy to find. Oversights and lost products can be a thing of the past when everything has a designated space in an organized warehouse. #3 – Inventory Level Maintenance Tracking inventory in real-time and analyzing inventory data can help stores make smarter ordering decisions. By predicting how long it takes for inventory levels to drop to a certain level, businesses can order replacement stock in adequate numbers. This ensures you always have enough of a given product, but also eliminates overflow inventory being held in storage for a long time. #4 – Improved Productivity & Efficiency An accurate, real-time inventory system improves efficiency and productivity for the warehousing team. The simplicity involved in using a digitized system makes it so that warehouse employees can quickly and easily scan barcodes to determine the exact amount of a given product available. Additionally, eliminating manual entry methods saves time, reduces errors, and frees staff members to get more done in a shorter amount of time. #5 – Increased Customer Satisfaction Using a reliable inventory management system enables stores to more accurately meet the needs of their customers. Knowing how much of a given product you have, and need, can reduce instances of running low on popular items. Having a reliable supply of products available at all times makes it easy for customers to get exactly what they want. It saves time for you and for them — when customers get everything they need with one stop to one store, they tend to value that store more than less convenient options. An inventory management system presents immense benefits to businesses as a whole. Whether you’re hoping to increase productivity, reduce inventory losses, or save money on product orders, a dedicated system is the right way to make those goals a reality.

Read More
wine merchant taking care of stock

Simple Yet Effective Tips for Taking Inventory

At its best, taking inventory is a time-intensive, repetitive task that few people look forward to. Taking stock can be exhausting, complicated, and flat-out frustrating when performed inefficiently. Thankfully, a few simple yet effective tips for taking inventory can streamline your processes. Use a Reliable POS System One of the most critical inventory tips is to use a reliable POS system with a robust set of features. Ideally, you should find one that can be accessed via phone, tablet, or in-store computer, so it fits your business model. Other key features to look for include in-depth reporting and customer insight features, which can help with not only inventory but also your company’s marketing campaigns. Backup Your Work Frequently Whatever POS system you use to track inventory, ensure you back up your work frequently during your checks. This way, you won’t have to restart if something unexpected like a system restart or power outage happens. Ideally, you should manually back up your work every five to ten minutes. Don’t forget to backup all your work at the end of your inventory taking. Check Item Barcodes While you’re checking inventory, be sure to check your item barcodes, too. Verify that the barcode matches the item you’re holding and that the pricing is accurate and up-to-date. If you find errors, set the items aside so you can handle all problems simultaneously. Handle All Problems at Once Stopping to handle each inventory issue as it pops up can be time-consuming and break your counting flow. You might find barcode problems or see that some items are damaged and need to be pulled. While you’ll need to address these problems, it’s best to handle them all at once after your initial counting is done. Any item you find that has a problem, simply move it to one area. For example, you may have a tote or basket for problem items. Alternatively, you might have a specific shelf or table to hold problem issues until you can effectively resolve them. Clean While Items Are Removed You’ll save time and hassle by doing some cleaning tasks while items are removed. For example, once you’ve pulled all items from the shelf for counting, you should wipe off the shelves. You can also wipe down the products to ensure they’re not dusty, where appropriate. Make Inventory Easier With a Robust POS System Today If you need a robust POS system to make your inventory easier, Modisoft mPOS can help. This point-of-sale system offers detailed inventory tracking alongside other vital features, which you can learn more about at our website.   Still have questions? Contact us today by filling out our online contact form, and one of our knowledgeable customer service associates will be in touch as soon as possible.

Read More
Woman doing the inventory at a supermarket

The Top 5 Benefits of Accurate, Real-Time Inventory

Inventory management is essential to operating a successful business. Having an accurate count of inventory ensures that you don’t run out of product, and have an accurate sales count. While manual inventory management used to be the only way to track the products a store had on hand, those days are long gone. You might still be on the fence when it comes to implementing a new inventory management system for your business. However, there are many benefits to bringing an inventory management system into your store. Take a look at the top five benefits you stand to take advantage of by adding accurate, real-time inventory management to your business’s tools. #1 – Cost Savings Real-time inventory management reduces the occurrence of two costly issues: dead stock and unnecessary storage costs. Keeping track of inventory decreases the odds of a product expiring in storage and helps ensure that the products purchased are sold within a reasonable time. #2 – Greater Organization Accurate inventory management, in addition to managing product sales, can streamline warehouse processes. Inventory management helps warehouse employees organize stock so that it’s easy to find. Oversights and lost products can be a thing of the past when everything has a designated space in an organized warehouse. #3 – Inventory Level Maintenance Tracking inventory in real-time and analyzing inventory data can help stores make smarter ordering decisions. By predicting how long it takes for inventory levels to drop to a certain level, businesses can order replacement stock in adequate numbers. This ensures you always have enough of a given product, but also eliminates overflow inventory being held in storage for a long time. #4 – Improved Productivity & Efficiency An accurate, real-time inventory system improves efficiency and productivity for the warehousing team. The simplicity involved in using a digitized system makes it so that warehouse employees can quickly and easily scan barcodes to determine the exact amount of a given product available. Additionally, eliminating manual entry methods saves time, reduces errors, and frees staff members to get more done in a shorter amount of time. #5 – Increased Customer Satisfaction Using a reliable inventory management system enables stores to more accurately meet the needs of their customers. Knowing how much of a given product you have, and need, can reduce instances of running low on popular items. Having a reliable supply of products available at all times makes it easy for customers to get exactly what they want. It saves time for you and for them — when customers get everything they need with one stop to one store, they tend to value that store more than less convenient options. An inventory management system presents immense benefits to businesses as a whole. Whether you’re hoping to increase productivity, reduce inventory losses, or save money on product orders, a dedicated system is the right way to make those goals a reality.

Read More
wine merchant taking care of stock

Simple Yet Effective Tips for Taking Inventory

At its best, taking inventory is a time-intensive, repetitive task that few people look forward to. Taking stock can be exhausting, complicated, and flat-out frustrating when performed inefficiently. Thankfully, a few simple yet effective tips for taking inventory can streamline your processes. Use a Reliable POS System One of the most critical inventory tips is to use a reliable POS system with a robust set of features. Ideally, you should find one that can be accessed via phone, tablet, or in-store computer, so it fits your business model. Other key features to look for include in-depth reporting and customer insight features, which can help with not only inventory but also your company’s marketing campaigns. Backup Your Work Frequently Whatever POS system you use to track inventory, ensure you back up your work frequently during your checks. This way, you won’t have to restart if something unexpected like a system restart or power outage happens. Ideally, you should manually back up your work every five to ten minutes. Don’t forget to backup all your work at the end of your inventory taking. Check Item Barcodes While you’re checking inventory, be sure to check your item barcodes, too. Verify that the barcode matches the item you’re holding and that the pricing is accurate and up-to-date. If you find errors, set the items aside so you can handle all problems simultaneously. Handle All Problems at Once Stopping to handle each inventory issue as it pops up can be time-consuming and break your counting flow. You might find barcode problems or see that some items are damaged and need to be pulled. While you’ll need to address these problems, it’s best to handle them all at once after your initial counting is done. Any item you find that has a problem, simply move it to one area. For example, you may have a tote or basket for problem items. Alternatively, you might have a specific shelf or table to hold problem issues until you can effectively resolve them. Clean While Items Are Removed You’ll save time and hassle by doing some cleaning tasks while items are removed. For example, once you’ve pulled all items from the shelf for counting, you should wipe off the shelves. You can also wipe down the products to ensure they’re not dusty, where appropriate. Make Inventory Easier With a Robust POS System Today If you need a robust POS system to make your inventory easier, Modisoft mPOS can help. This point-of-sale system offers detailed inventory tracking alongside other vital features, which you can learn more about at our website.   Still have questions? Contact us today by filling out our online contact form, and one of our knowledgeable customer service associates will be in touch as soon as possible.

Read More

FAQ

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

About Altria

Altria Group, Inc. is one of the world’s largest producers and marketers of tobacco and related products. They have been the undisputed market leaders in the U.S. tobacco industry for decades.

Altria Group is known for owning the most enduring names in American business including but not limited to Philip Morris USA, John Middleton, and U.S. Smokeless Tobacco Company.

View Website

Benefits

  • Monitor and track all promotional efforts by directly integrating deals into insights
  • Receive Altria rebates smoothly by sharing scan data reports
  • Generate Altria scan data report program at a click

Pricing

Included in Advanced Plan

View Website

This will close in 0 seconds

About Cartzie

Cartzie is a loyalty application designed by Modisoft, with you in mind. It is a one-stop loyalty and online ordering solution that is fully equipped with all the tools needed to make your business grow.

With Cartzie, you can do curbside pickups, delivery, and drive-thru ordering. Cartzie has revolutionized the way businesses interact with customers.

View Website

Benefits

  • Add delivery options for your customers
  • Boost your marketing efforts through targeted campaigns
  • Take your business online in a few clicks
  • Receive payments online for your orders

Pricing

+$49 per month with Retail Plans

View Website

This will close in 0 seconds

About Comdata

COMDATA has been serving businesses for over 45 years and is recognized as a leading provider of commercial payment solutions. They specialize in serving the trucking industry and are known as an issuer of fleet fuel cards, trucking permits, corporate spend cards, and paperless payroll cards.

View Website

Benefits

  • Automatically transfer sales data from the Comdata POS into Modisoft back-office software
  • Get an all-in-one solution to monitor and track your sales separately
  • Easy accessibility to manage all your fuel sales

Pricing

Included in Advanced Plan

View Website

This will close in 0 seconds

About DoorDash

DoorDash, Inc. is a food ordering and delivery platform based in San Francisco. It is the largest food delivery company in the United States with more than 50% of the market share in the convenience delivery category. It provides an on-demand food delivery service to restaurants and stores. Their services help businesses innovate, grow, and reach more customers.

View Website

Benefits

  • Receive order directly into your POS System
  • Manage your online DoorDash menu
  • Enable DoorDash orders for your customers

Pricing

+$69 per month for Third-Party Order Management

View Website

This will close in 0 seconds

About Fintech

Fintech has been dedicated to serving the beverage alcohol industry for the last 30+ years. Established in 1991, Fintech operates from its headquarters based in Tampa, Florida. Supported by TA Associates and General Atlantic, Fintech automates alcohol invoice payment, streamlines payment collections, and facilitates comprehensive data capture for 1 million B2B business relationships.

View Website

Benefits

  • Import vendor invoices directly into your back office
  • Optimize purchase order management
  • Improve your alcohol vendor management

Pricing

+$5 per month

View Website

This will close in 0 seconds

About Gilbarco Veeder-Root

Gilbarco Inc. is a supplier of fueling equipment including fuel dispensers, payment systems, point-of-sales systems, and support services. The company operates from Greensboro, North Carolina.

View Website

Benefits

  • Effortlessly connect your POS data from the Gilbarco system to Modisoft Insights

Pricing

Included in Advanced Plan

View Website

This will close in 0 seconds

About Instacart

Instacart is a delivery company that operates a grocery delivery and pick-up service in Canada, and the United States. It is one of the largest grocery marketplaces in North America. Instacart makes the delivery process easy for store owners.

View Website

Benefits

  • Monitor and manage your Instacart inventory levels from Modisoft Insights
  • Updated Instacart inventory levels in real-time
  • Avoid stockouts by ensuring accurate inventory levels

Pricing

+$19 per month

View Website

This will close in 0 seconds

About Retalix

Retalix Ltd was established in 1982 and is now owned by NCR Corporations. It develops licensed and supported software applications for retailers, wholesalers, and distributors of fast-moving consumer goods.

View Website

Benefits

  • Easily Import sales data for reports and analytics from the Retalix POS system
  • Monitor sales in real-time

Pricing

Included in Advanced Plan

View Website

This will close in 0 seconds