In the world of service-based business, you might be hard-pressed to find a business owner who’s passionate about inventory management.
After all, service industries tend to prioritize customers – not products. And although selling retail products is undoubtedly a great way for service-based businesses to supplement their profits, doing so isn’t exactly a walk in the park.
With potentially dozens of products to track, order, and store, retail product management can quickly generate a whole new set of challenges for even thriving businesses. Whether you’ve been selling retail products for years, or are considering introducing inventory into your business, one thing is clear – the retail model provides a shrewd test of organizational strength and efficiency!
That said, today’s tech innovations have streamlined inventory management significantly. With software like Yocale, you can overhaul your inventory management process to be faster and more efficient than ever before – with little-added effort!
Simply add in your products, set your preferred stock levels, and let the software do the work from there! While Yocale handles your inventory with care, you can get back to providing your customers with your best service.
Rest assured knowing that your products will continue to fly off the shelf (while being sustainably replaced) and put your worries about inventory inconsistencies to bed – Yocale does it all!
But, we don’t expect you to take our word for it. Here’s how the inventory magic happens!
Eliminate Pesky Inventory Inaccuracies
If it weren’t for inventory inaccuracies, managing a retail product inventory might actually be tolerable!
However, the nature of having a physical inventory necessitates keeping tabs on where products are coming from, where they’ve been, and where they’re going.
When counting products, any unfortunate miscalculations could drastically offset your profits. And for products with designated shelf-lives, well – time is of the essence!
All in all, the process makes meticulous attention-to-detail essential – but getting inventory management right can quickly become immensely time-consuming.
Thankfully, there’s a better way!
With Yocale’s built-in inventory management, it’s a breeze to add, manage, and track your products from the time they arrive to when they go home with your happy customers.
From your Yocale dashboard, adding a new product is as simple as following these few steps:
- Go to Manage -> Services/Products in your Yocale dashboard.
- Select the Products tab.
- Click the Add Product button.
- Fill in the product details, such as the product’s name, retail price, cost, and stock.
- Hit the Save button to confirm your changes
That’s it! Simple as that.
Once a product is in your inventory, it will become automatically available for purchase and inclusion in your Yocale receipts. If a customer requests it at the end of their appointment, adding it to their invoice takes only a few clicks!
With Yocale, you can even set up automatic product stock alerts that will notify you when a product reaches a certain quantity. The quantity number you set is purely up to you and can be set on a product-to-product basis, so you can fully customize your alerts to your liking!
Bring Your Inventory Online, Safely And Securely
Let’s face it – tracking your inventory manually with a spreadsheet or clipboard isn’t much fun. And, as it turns out, archaic inventory management tactics like these are largely redundant and ineffective.
Today’s businesses are increasingly going digital, but it’s still estimated that as much as 82% of companies are still spending billions on paper. That’s a lot of wasted paper – and frankly, a lot of wasted effort.
Modern-day businesses require modern-day solutions – and managing inventory the old-fashioned way just doesn’t cut it in this day and age.
With Yocale, you can bring your entire retail inventory online and ditch the paper-and-pen approach. And don’t worry – Yocale’s online inventory management is cloud-based, so your data is stored safely & securely!
Going cloud-based means that you can even access your Yocale dashboard from virtually any internet-connected device, too – as long as you’ve got your login handy.
For day-to-day use, a cloud-based inventory is beneficial for businesses of all kinds. However, for business owners who are regularly on-the-go, Yocale’s cloud-based architecture is incredibly advantageous.
With pen-and-paper records – or even digital inventory records stored on a local device – your access to your inventory data is limited the second you step outside the workplace.
However, with Yocale, you’ll be able to check-in with your inventory from pretty much anywhere. Whether you’re checking the stock of a product, adding a new one, or adjusting prices – with Yocale, your data can go wherever you go!
A Full Suite Of Feature-Rich Tools For Your Business
Yocale goes far beyond being just an all-in-one inventory management solution for your business. In fact, it also offers a diverse set of tools that can help enrich and optimize various other facets of your business, too.
For instance, the Yocale inventory management system that we’ve been lovingly referring to is actually built into Yocale’s appointment scheduler. This scheduler lets you manage your upcoming appointments and create new ones with ease – all from the comfort of your web browser.
When a client’s appointment concludes, you can even process their transaction right from Yocale. And because Yocale’s feature set is built to be fully-integrated, you can sell your products directly from Yocale, too!
It’s amazingly simple! Here’s a quick run-down on how it works:
- When you’re closing an appointment via the Closing Appointment screen in Yocale, click the Add Products button.
- Select the product from the drop-down list of Any products that you’ve added to your Yocale Inventory would appear here.
- Enter the Quantity of the items being purchased.
- Click the Add button to add the product to the customer’s invoice.
- Now that you’ve added the product hit Save to commit your changes and charge the customer for their service, as well as the product.
- That’s it!
You and your business deserve to go far beyond your current definition of success – and with Yocale, getting there has never been easier. Shatter your expectations of what’s achievable with a full-spectrum of business tools that will boost your efficiency and organization.
The future is here – make the switch and learn how to get started with Yocale for free today!
Thanks for reading!
For more business strategy – online and off – keep up with us here at the Yocale blog, five days a week.