Manage store inventory along with sales, display, customer ordering, and multi-channel service needs.
Store inventory is not limited to products found on shelves or in the warehouse. Display items, samples, reserved items, customer orders, products under quality control, damaged products, returned products, and stock awaiting transfer all have different uses and value statuses.
Minerva Store Inventory Management tracks all movements of a product from its entry into the store to its sale, transfer, delivery, return, or dispatch. Store stocks can be viewed alongside central warehouse and other locations; eligible stores can be used as sources for online order preparation or customer shipment.
Store inventory processes
The warehouse accepts goods from suppliers, other stores, or customer returns.
In-store storage, showroom, delivery area and other locations.
Stock statuses include display, sample, saleable, reserved, blocked, and damaged.
In-store placement, shelf and space management.
Stock transfer, demand, shipping and receiving processes.
Cyclic counting, complete counting, and difference research.
Sorting, picking, packaging, and preparing for delivery of customer orders.
Store pickup and store shipping processes
Return, repair, outlet, return to supplier, and scrap decisions.
Inventory aging, turnover rate, and loss analysis.
Manage inventory accuracy as an operational discipline.
In multi-channel sales, the difference between the stock displayed in the system and the physical stock directly affects customer commitment. Regular counting, controlled movement, product identification, mobile scanning, and appropriate RFID applications can improve stock accuracy. However, technology alone is not enough without the right processes and accountability.
Manage display items separately.
Furniture stores may display items for sale, but their usage time, condition, missing parts, and special price should be recorded. The replacement product and its impact on the store concept after the display item is sold should also be planned.
Manage store inventory not as a total quantity, but as traceable product assets with clear physical location, intended use, condition, ownership, and customer commitment.