Automate Cycle Counts for Your Retail Store
Save time while increasing stock accuracy with Stocktakes
When you have constantly changing skus, especially across several locations or sales channels, managing your retail store inventory can be challenging. Cycle counts are one of the best ways to ensure what you have on your shelves matches what’s in your books.
What is Cycle Counting?
Cycle counting is the process of counting small sections of your retail store inventory. By cycling through your entire stock on a regular basis you ensure correct stock counts.
Benefits of Cycle Counting
- Know exactly what’s on your shelves and in your warehouse
- Gain insight on what products you’re sitting on and losing money from
- Identify specific issues that cause inventory errors
- Have inventory data for accurate sales reporting
- See trends like what products seems to always be low in-stock
- Reduce inefficiencies fulfilling orders and running out of stock
How To Automate Cycle Counts With Thrive
Thrive will highlight any stock discrepancies and automatically update all your sales channels with the correct stock count at once. View and download previous Stocktake reports to see patterns where errors typically occur, like receiving inventory, to improve processes.
Additionally, require a manager’s approval with user permissions before submitting any inventory updates.
Barcode Scanners
Using a barcode scanner not only saves you time but increases accuracy. Eliminate writing or typing your entire inventory count by scanning each product’s barcode and quantity.
Resources For Your Retail Store
Try Thrive Free
Join Thrive and start saving on average 1 hour per day per location. Get advanced features such as custom reporting, barcode scanning, automatic purchase orders, price tag printing and more.
