Stock control is a crucial aspect of managing any business. Within the realm of an EPOS (Electronic Point of Sale) system, stock control ensures that businesses can accurately monitor and manage their inventory levels in real-time. For companies using MYPOS Connect, stock control is configured in the "Products" section on the web portal, where each product can be individually tracked for sales or inventory purposes. With the ability to manage both physical items and non-physical services, the system provides a robust way to ensure efficient operations.

MYPOS Connect allows businesses to configure products for both stock control and sales, or just one of the two. For example, a product like a "Can of Coke" can be both sold and stock-controlled, while a service like "Gift Wrapping" may only need to be recorded for sales, with no stock tracking necessary. There are also cases where certain ingredients may require stock control even though they are never sold individually. This flexibility allows businesses to tailor the stock control system to their specific needs, which ultimately improves efficiency and reduces waste.

One of the key features of the MYPOS Connect system is its customizable stock control settings. For instance, perishable items like fresh pastries can be set to "Waste at End of Day," ensuring that any unsold stock resets to zero after a predetermined time, avoiding inaccuracies or potential food waste. Meanwhile, for high-value or limited-quantity items, "Strict Stock" can be implemented to prevent sales once stock runs out, maintaining a more precise and controlled inventory.

The use of recipes, or bills of material, within the system is particularly beneficial for businesses that sell finished products but need to track ingredients or components. For instance, selling a "Cup of Tea" may require downdating the stock of tea bags, even though the cup itself cannot be stock-controlled. Recipes allow businesses to track ingredients' consumption automatically, ensuring that stock levels are always accurate, even when multiple products rely on the same components.

Effective stock control within MYPOS Connect offers several significant benefits to businesses. First, it ensures real-time inventory management, allowing staff to know exactly what is available at any given moment, which can prevent over-ordering or under-stocking. Additionally, businesses can track the cost of goods sold more effectively, leading to better profit margins and reduced waste.

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For more information on how MYPOS Connect can help your business with stock control please e-mail [email protected]

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