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Request feature lightspeed systems11/22/2023 Lot and expiration date tracking: Expiration date tracking helps your team adhere to the principle of first-in, first-out (FIFO).This can alert you quickly to spoilage, breakage, or theft. Shrinkage tracking: IT Retail generates a shrinkage calculation by comparing your sold items with items received and previous inventory counts.PO management: You can create POs in your IT Retail dashboard based on low stock alerts or generated from completely new items.IT Retail’s other standout inventory management features include: This can help keep your team focused on inventory tasks, with no chance of being distracted by a text message or social media notification. Unlike other systems that rely on smartphones for stock-taking applications, IT Retail provides a purpose-built handheld device. But if you are a high-volume market that needs to track product expiration dates, IT Retail’s cost is well worth it. Starting at $199 per month, it can’t compete price-wise with others on this list that start at $0 or at least offer a free trial. IT Retail also stumbled a bit when it came to price. It earned massive points for its niche inventory functions like the expiration date tracking mentioned above. This provider earned a 4.37 out of 5 on our POS inventory scoring criteria. This is crucial for businesses like markets that sell perishable items and are sometimes bound by food safety laws to retain records of products’ origins in case of recalls or foodborne illness outbreaks. On the inventory side, it also includes the ability to track products by lots and expiration dates. It includes essential grocery features like electronic benefits transfer (EBT) and Special Supplemental Nutrition Program for Women, Infants and Children (WIC) compliance and scale integration. IT Retail is a comprehensive POS designed for markets, supermarkets, and other stores that manage both perishable and non-perishable goods. These returns will then appear in your Shopify dashboard for you to manage. Customer self-serve returns (NEW): This feature allows customers to submit return requests through your online store.Many of the Shopify inventory features can be managed through Stocky. Stocky app: Stocky is an inventory management app by Shopify for POS Pro users.Reporting and analytics: Demand forecasting, inventory analysis, sale item suggestions, low-stock reports, and more.Purchase ordering: Create and manage POs track vendors and suppliers.Smart inventory management: Transfer products between locations, perform quick counts using a barcode scanner, and receive orders with a barcode scanner.Inventory status: Track and share status/location of products as they are received and transferred and orders are fulfilled.Product organization: Create collections for different seasons or categories, manage multiple variants, and assign SKUs.Omnichannel selling: Centralized inventory management allows for easy omnichannel transactions, including buy online, pick up in-store buy online, return/exchange in-store and buy in-store, ship to customer. Shopify’s standout inventory management features: Synced eCom: Lightspeed POS syncs with Lightspeed eCom to manage online sales from the same system. Detailed analytics: More than 40 built-in reports, plus customizable settings, data visualizations, and actionable tips.Vendor catalog: Allows you to discover products, submit purchase orders (POs), and track stock shipments from within Lightspeed POS, making a more efficient supply chain.Scanner App: Count inventory by barcode scans using a POS-integrated scanner or the built-in camera of an iOS or Android device.Integrated vendor catalogs: With more than 3,000 preloaded catalogs, you can upload up to 10,000 items, consolidate all purchases into one order, set custom reorder points, and fulfill special orders for customers.Categorization and tracking: Use serial numbers and/or stock-keeping units (SKUs) to identify each piece of inventory.Work order management: Process and follow work orders in the POS system.Customizable matrixes: Sell unique product variations that are bundled and serialized, or case-broken to sell various quantities of the same product.Lightspeed Retail’s standout inventory management features include: Since our last update: You can now connect Lightspeed online stores with Google Analytics 4.
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