Inventory has to be physically counted or measured before it can be put on a balance sheet. nventory represents a current asset since a company typically intends to sell its finished goods within a short amount of time, typically a year. To achieve these balances, firms have developed several methods for inventory management, including just-in-time (JIT) and materials requirement planning (MRP). For companies with complex supply chains and manufacturing processes, balancing the risks of inventory gluts and shortages is especially difficult. This includes the management of raw materials, components, and finished products, as well as warehousing and processing of such items. Inventory Management Inventory management refers to the process of ordering, storing, using, and selling a company's inventory.Discount Management Helps in enjoying better visibility so that suppliers avail discounts.As they don't have to switch between multiple platforms, they get a seamless browsing experience which in turn helps boost your sales. eCommerce An eCommerce integrated system allows users to carry out all their transactions starting from registration to making the payment through a Single Sign-On (SSO).Gift Card Management Manages prepaid payment card processing that helps the cardholder purchase goods online or within a specific retail store.Sales Tracking Helps to track sales systematically.Loyalty Program Assists in formulating effective strategies to encourage and convince customers to stay loyal to the brand/company.Barcode Scanning Helps in scanning the barcode in an automated and simple manner.Customer Account Profiles Allows maintaining, editing and updating customer accounts to offer tailor-made customer-oriented shopping experience.Ordering Automation Helps in automating the ordering system and supports online billing.Pricing Management Helps to provide better control over pricing and allows managing efficiently financial revenue & risk.Restaurant POS Comes with useful and attractive restaurant management features and facilitates automating restaurant operations.Retail Management Helps in automating, managing, monitoring and handling all the aspects of a retail business.Returns Tracking Helps to keep track of all the goods returned by customers.Touch Screen (Billing) Allows making bills by simply touching the desktop or mobile POS screen.Furthermore, this software is a fully integrated way to discover workflows more efficiently than ever. Lightspeed retail further provides omnichannel gift card management services that help customers to purchase and redeem the same gifts in-store and online. One can even leverage ad campaign results to stay on top of changing customer tastes by using this POS software. Lightspeed Retail also helps businesses to reach out to the nearby stores searching for products online with Google local inventory ads. ![]() ![]() Furthermore, the automatic confirmation and reminder emails of this software reduce no-shows. ![]() A company can easily set up its eCom store with Lightspeed Retail’s mobile-responsive and customisable templates backed by quick inventory sync. This POS software further improves a company’s stock from every location and organises the shipments from its eCom back office. With one click and one platform, Lightspeed Retail can sync the physical inventory across all locations to the eCom store. ![]() Lightspeed Retail is a POS software that offers advanced eCom solutions, omnichannel loyalty and contactless payments. What is Lightspeed Retail and how does it work?
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