Simple Yet Effective Tips for Taking Inventory

wine merchant taking care of stock

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. 

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Modisoft takes pride in providing a comprehensive suite of tools designed to facilitate seamless operations for your restaurant. With our powerful software, you can take advantage of a range of features tailored to enhance your efficiency and customer experience.

One of the standout features of Modisoft is the ability to view live sales data. This real-time visibility empowers you to monitor sales performance as it happens, allowing you to make informed decisions and swiftly address any issues that may arise.

Moreover, our software enables you to create customizable menus for ordering. You have the flexibility to design menus that align with your restaurant’s unique offerings, making it easier for customers to browse and select their desired items. This customization feature ensures a user-friendly ordering experience that caters to your specific requirements.

Additionally, Modisoft supports digital menu boards for pricing. By leveraging this functionality, you can easily update and display pricing information on digital screens within your restaurant. This dynamic approach eliminates the need for manual price changes and enhances the overall aesthetics of your establishment.

We’re pleased to announce that the cost to run the POS system aligns with the subscription for your back-office software. This streamlined approach simplifies your financial management, allowing you to enjoy a unified pricing structure that covers both the hardware and software components.

Maximize the potential of Cartzie Campaigns, our exceptional tool, by harnessing its features to create customer loyalty and drive repeat visits to your store. With Cartzie Campaigns, you can implement robust loyalty programs that incentivize customers to return, fostering a strong and lasting relationship with your brand.

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By leveraging Cartzie Campaigns’ loyalty programs, automated customer outreach via text messaging, and online ordering capabilities, you can enhance customer engagement, increase sales, and deliver exceptional customer experiences. Embrace the full potential of these tools to grow your business and establish a strong presence in the digital realm.

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.

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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

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Included in Advanced Plan

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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.

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Benefits

  • Add delivery options for your customers
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  • Take your business online in a few clicks
  • Receive payments online for your orders

Pricing

+$49 per month with Retail Plans

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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.

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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

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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.

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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

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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.

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Benefits

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

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+$5 per month

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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.

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Benefits

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

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Included in Advanced Plan

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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.

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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

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+$19 per month

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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.

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Benefits

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

Pricing

Included in Advanced Plan

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About Paycue

Paycue is Modisoft’s preferred payment processing provider. It helps businesses to streamline their setup process to be faster and more efficient. Paycue assists businesses with faster payments and smoother customer interaction.

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Benefits

  • Enjoy minimal fees on transactions
  • Seamless integration
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  • Secure payments

Pricing

No monthly fee. Only pay when you sell.

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