Small Business

5 POS Systems That Excel In Inventory Management

POS Systems

When you’re searching for a new POS system, inventory management should be one of your primary concerns.

Without successful inventory management practices, you’ll have missing stock, incorrect counts, and an overall sense of confusing and extra work to get things back to normal.

If you’re running both eCommerce and brick and mortar locations, inventory management across all platforms can be especially difficult. Here are five POS systems that excel in inventory management.

Inventory 101

The keyword when talking about inventory should be accuracy. You’ll want your inventory numbers to be as accurate as humanly possible; otherwise, you’ll end up with incorrect counts and a lot more work than you originally had. POS systems account for inventory across all parts of your business, so you can be certain that your numbers are always up to date.

Some POS systems even update inventory in real-time, so you don’t have to worry about performing counts at the end of every day. Your best-sellers and customer favorites will always be accurate, and you’ll even get notifications when stock is running low.

1. Lightspeed

For retailers and restaurants, there’s Lightspeed POS. With the ability to handle any sized business, Lightspeed is versatile, affordable, and offers an excellent inventory management system you can utilize to keep your business running smoothly.

With Lightspeed, you can order stock from your POS, create labels, change prices, create work orders (and even layaways!), and remove returned items from your inventory automatically. Separate packages are offered for both restaurants and retailers, with industry-specific tools available to help organize and control your inventory with ease and precision.

Lightspeed offers a free 14-day trial to its users, and prices start at just $99/month for a retail POS system and $69/month for a restaurant POS system. There are higher-tier packages available with more features and greater support should you need it.

2. Vend

Vend is a popular POS system with a good inventory management system that will help keep your stock organized. With features like product bundling, automated discounts and promotions, and customizable taxes and pricing, there’s no limit to the amount of customization you can bring to your POS system. Your inventory will be more efficient than ever, and your counts will always be accurate. Vend is great for any sized business, so you don’t have to worry about outgrowing your POS system.

With simple software, Vend makes it easy to navigate inventory management without losing any of the software’s impressive functionality. Use POS software to manage your inventory, and you’ll see why it’s the preferred method for so many businesses across the globe. Vend is among the best of the best, with impressive features and a price tag of around $99/month (billed annually).

3. Square

 

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Square has been around for quite some time and serves both online and brick and mortar locations all over the world. A favorite among retailers, Square is simple to use, with useful tools for managing inventory, payment processing, and more. Square will even send you a free magstripe credit card reader when you sign up for an account (which is free).

Square’s inventory system is intuitive and customizable; allowing for photo imports, discount and gift card applications, and more. You can get Square for your small business or for a large corporation, and there are several options for terminals and mobile POS hardware for your retail store.

Square doesn’t charge a monthly fee but instead takes a percentage from each transaction; around 2.75%.

4. Clover

 

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A small yet reliable POS option, Clover is often overlooked for its simplicity. Make no mistake; Clover is every bit as powerful and accessible as its more popular counterparts. When it comes to inventory management, Clover can keep up with the giants in the industry with ease.

With several POS terminals to choose from, you’ll be able to find an option that fits both your business needs and your budget. Take control of your inventory with Clover’s unique POS software. Mobility and ease of use are Clover’s strong points, and the company offers competitive pricing to match or beat its counterparts.

5. Revel

 

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With Revel POS, you’ll have access to an incredibly powerful POS system that can help you organize and control your inventory once and for all. With features such as mobile device scanning, custom purchase orders, automatic low-stock alerts, and more, Revel doesn’t shy on features and certainly doesn’t shy on customer service.

With constantly updating software, Revel continues to stay on top of the POS game by continuously setting the precedent for POS software. Revel costs only $99/month per register, making it affordable as well as versatile.

The Bottom Line

A POS system can be a business’s best friend; taking control of inventory and payment processing so you can rest at ease knowing every aspect of your business is being managed by quality software. Choose from one of these five systems that excel in inventory management, and you’ll be well on your way to a more efficient business overall.