Having a controlled cost of goods and the right products in stock in the correct quantities is a key factor in achieving customer satisfaction and organizational growth. Purchasing management can be the profitability difference-maker. From sourcing quality products to vendor management and controlling costs to ensuring the correct quantities of inventory are available to be sold to customers, purchasing management is key to the success of an inventory-centric organization.
Questions You May Have (FAQ)
Yes. RetailCore provides product upload template file in excel format. It is very easy to enter your product related and stock data our excel file and upload to our RetailCore to save your time.
Yes. Purchase stock inward can be done without raising purchase order. However if you want to setup rule in our software to do stock inward compulsorily from PO, then that rule can be setup.
Yes. You can partially receive items of PO and track how many items are pending delivery.
Yes. You can easily and accurately update purchase price and selling price of the product while taking purchase stock inward in RetailCore. Our software use FIFO method on inventory. The change in price will be applied only on currenlty inwarded stock; all old stock will be available at old price. During sell, old stock will be out first.
Yes. You can easily add free product and discount on product received from supplier. These discount will be applied on your purchase cost evenly.
RetailCore can accurately help you track and get alerts of products about to expire. Along with expiry date, product batch no. can also be added during purchase stock inward process. This feature is majorly used by product with limited shelf-life such as grocery, packaged food, pharmaceuticals or medicine.