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Manage that Extra Holiday Inventory
‘Tis the season of giving and receiving, and you’ve probably received an influx of inventory from increased holiday foot traffic. Whether your customers just needed to scrape together some extra cash or wanted to sell something old for a newer model, the holidays can be an overwhelming time with so many new items coming in. Fortunately, Bravo Pawn Systems has the ultimate inventory management software to streamline your post-holiday operations so they run smoother than your holiday party clean up.
When that inventory starts pouring, you need to get it assessed, priced and labeled quickly so you can put it back out on the shelves. Our recently updated Estimator will help you determine a seller’s item’s value right on the spot. Many of our customers, like Ralph Sorna of Diamond Jewelry and Loans, love that it lets you easily look up prices at other stores and see what an item is selling for. Then at the end of the buy, you can immediately print out inventory tags with a new inventory number. It’s a great tool for saving time and overhead.
Also, with multiple employees buying and pricing inventory, don’t let a lack of communication interfere with operations. Quality Digest sites managers not talking as a big inventory management mistake. This can be exacerbated if you’ve been using Excel or another manual method to track your inventory. There’s always a chance employees might be looking at the wrong document or working off of out-of-date information. With Bravo, your entire inventory can be managed on one convenient screen that is always up to date and accessible to all staff. This can reduce any headaches over inaccuracies caused by human error.
Once all that inventory is in the system and in one database, you can then review it by average price sold, margin, loan amount, return and shrink rate, and more.
Finally, when the inventory is back out for sale, don’t slow your customers down on finding what they want. According to Help Scout, poor customer service can cost you repeat sales, make customers more sensitive to price, and hurt your reputation. When customers come in looking for a specific product, our pawn shop software can save you time trying to hunt it down by giving you nine different ways to find it using Smart Search. This includes by loan ticket, UPC, make and model, receipt and more.
Most importantly, to be successful in each step of handing your increased inventory, you must have well-trained employees. Entrepreneur Magazine lists unqualified employees as a key inventory management mistake. You need the right people trained on the best software to ensure you’re maximizing all its features to benefit your shop. Thankfully, Bravo is easy to learn. And in addition to your initial one-on-one training, we’ve got a slew of support tools to make sure the team is staying updated on new features. And if there’s an issue, customer service is always here to help!
So no matter if you’ve got one shop or twenty, Bravo can help you manage your inventory in and across stores this post-holiday season.