Physical Inventory can be a long, tedious process. However, it is a necessary project to ensure accuracy and identify errors. With the MBS system, stores accomplish physical inventory faster, more cost effectively and with greater accuracy.
Campus stores do not have to settle for long days of missed sales opportunities while conducting physical inventory with MBS’ solution. The solution gives stores the flexibility they need to conduct physical inventory in the best way for their store. They can select how they would like to organize their inventory and how they want to input inventory data, from manual entry to scanners or third-party uploads.
The MBS Physical Inventory Solution
MBS’ physical inventory solution provides:
- Comprehensive reporting
- The ability to organize by division, department, class or store
- Full or partial inventory freeze which allows you to conduct business as usual during the count
- Inventory scanning which provides flexibility to use our mobile back-office system with a laptop and scanner or with a Datalogic Memor 11 handheld device
“Probably the number one benefit of partnering with MBS Store Technology Solutions has been the array and number of applications that are housed in Arc. It has really allowed our purchasing and accounting teams to work in tandem with one another and achieve a high level of accuracy and control over our inventory,” Craig Bauer, Course Materials Manager, University of Manitoba BookStore, said. “Honestly, we have such a ridiculously low level of inventory shrinkage, by industry standards. We have our processes outlined and they work time and again. Those processes are possible because of the breadth of applications in Arc — the different accounting-related functions, point-of-sale functions, purchasing functions and the ability to run everything through stock ledger. It's just a powerful set of applications that positions us to perform with a high level of accuracy in our receiving, sales and purchasing. That translates into a really low level of shrinkage, which is terrific for our bottom line.”
Learn more about how the UM Bookstore Achieves Inventory Accuracy.
Contact your MBS Store Technology Solutions Sales Consultant for more information on MBS’ Physical Inventory Solution.
