Inventory Management

Effective management of inventory is crucial for a soft goods retailer to succeed. Too much inventory negatively impacts cash flow. Insufficient inventory translates to lost sales. The proper mix of inventory results in increased cash flow and satisfied customers. RICS Inventory Management provides the tools necessary to keep your inventory accurate and optimized.

Inventory Inquiry

• View and manage your inventory the way you work in your business by industry specific (footwear and apparel) size grids.

Purchasing

• Generate Automatic Purchase Orders based on model stock, quantity
  sold or sell thru %
• Perform centralized purchasing or store level purchasing
• View on-hand inventory for a selected SKU during purchase ordering
• Order by case pack
• Export purchase orders to Excel
• Report on open and closed purchase orders

Receiving

• Receive stock with or without purchase orders

Transfers/Store Replenishment

• Perform inter-store transfers
• Monitor in-transit inventory
• Generate auto-transfers based on model stock and store priority
• Balance stock between stores:
  • Transfer stock based on product models, multiples or sales
  • Transfer stock out of stores that have less than X sizes on-hand

Stock Labels

• Setup custom stock label formats
• Define the stock label format on a SKU by SKU basis
• Automatically generate labels at SKU creation or inventory receipt

Model Stock

• Configure date-based model stock to enable multiple models per SKU (e.g., core, holiday and annual sale)
• Utilize model stock to drive Automatic Purchase Orders and Automatic Transfer functions

Price Adjustments

• Pre-set custom price adjustments by activation and expiration dates

Physical Inventory

• Count the entire store or spot check selected suppliers, classes or SKUs using a portable reader
• Report on counts and actual on-hand quantities to resolve inventory discrepancies