Manage Stock Lines¶
The stock database holds details on each of the stock lines making up your store's inventory. Using the details in the stock database the system can:
- Keep track of your stock levels.
- Generate reports on your profit margins.
- Generate stock listings.
- Generate re-order lists.
- Charge customers appropriately at the point of sale.
When you initially setup the system you will need to add a record to the stock database for each product line you stock (excluding any pre-loaded products). After this you will need to keep the database up-to-date by adding on each new stock line you introduce to the business.
For each stock line the stock database holds:
- The name of the product (this will appear on the screen, customer display and receipts).
- The product category (or 'department') which the product line fits into.
- The cost price of the product, ex VAT, (used for calculating profit margins).
- The retail price of the product, inc VAT, (this is the amount charged to the customer at the point of sale).
- Tax rate (the percentage tax rate deductible from the retail price).
- The quantity of the product in stock (this is automatically maintained by the system, as we will see later on).
- The minimum (re-order) quantity; the level at which you would like the product to be 'flagged' for re-order.
- Optionally, the units which the product is sold in (e.g. KG's) if you have support for weighed/measured products enabled.
- Replenishment details for the product (supplier, order code, pack size, pack cost, etc).
Although you will need to setup an initial / opening stock quantity for each product line, the system will maintain this automatically by using:
- The point-of-sale terminal (sales and returns).
- The stock receive process (for goods in).
- The stock transfer process (for goods out).
- Adjustments made for stock loss.
Most products will have a retail barcode but occasionally you will find that some products (e.g. those made by a small manufacturer) will not have a barcode. In this case you can assign your own PLU/SKU code to the product or have the system generate a unique barcode for you. You can either keep a list of these products close to the till point or print your own barcode labels (you will need a label printer for this).
Contact your reseller for pricing and availability of label printers suitable for use with ProEPOS.