Automate Cycle Counts for Smoke & Vape Shops
Save time while increasing stock accuracy with Stocktakes
When you have hundreds of skus, typically across several locations or sales channels, managing your vape store inventory can be challenging. Cycle counts are one of the best ways to ensure what you have on the shelves matches what’s in your books.
What is Cycle Counting?
Cycle counting is the process of counting small sections of your smoke shop inventory so you cycle through your entire stock on a consistent basis.
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 Complete a Cycle Count for Your Vape Shop
- Start with clean records
- Create a cycle count report
- Count your merchandise
- Note any inventory errors
- Review policies
- Update your records
- Repeat
To learn more about cycle counts and how to do them, view cycle count our guide >
How to Automate Cycle Counts with Thrive
Thrive will highlight any stock discrepancies and will 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 make more informed business decisions. Additionally, require a manager’s approval with user permissions before submitting any inventory updates.
Create a Report
Select Products
Complete your Count
Make Any Notes
Update Your Inventory
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 Smoke Shop
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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.
