Dive - Introduction to Inventory Management Software and Tools

Episode 23 Duration: 22 minutes

Join host Mike Hernandez as he reveals how inventory management software and tools transform from complex systems into game-changing digital solutions that bring automation, accuracy, and real-time insights to convenience store operations. Learn about commonly used software platforms including QuickBooks Commerce, TradeGecko, and Ordoro, practice hands-on exercises for adding products, updating stock levels, and generating reports, master barcode scanner applications for receiving shipments, conducting stock checks, and processing sales transactions, and participate in group activities that develop scanning and reordering proficiency.

Episode Overview

Master essential software and tool elements:

• Inventory management software understanding
• Commonly used platform familiarity
• Hands-on exercise completion
• Barcode scanner mastery
• Group activity participation

Introduction: Digital Solution Game-Changer

Learn the foundation:

• Software and tool understanding
• Digital solution design
• Efficient tracking capability
• Automation bringing
• Real-time insight provision

Real-World Crisis Avoidance Scenario

Develop understanding through:

• Busy shift setting
• Long customer line
• Popular snack low-running
• Panic set-in moment
• Missed sales concern

Powerful Tool Imagination

Master techniques for:

• Quick scan capability
• Current stock visibility
• Reorder point checking
• Forecasted demand viewing
• Order placement promptness

Reality Made Possible

Create systems through:

• Dream scenario realization
• Digital wonder comparison
• Trusty sidekick analogy
• Right stock maintenance
• Customer satisfaction keeping

Commonly Used Inventory Management Software

Implement strategies for:

• Several solution availability
• QuickBooks Commerce recognition
• TradeGecko familiarity
• Ordoro awareness
• Unique feature understanding

Practical Side Understanding

Establish protocols for:

• Wide array exploration
• Cape-wearing comparison
• Superpowers possession
• Operation streamlining
• Importance recognition

Real-World Organic Snacks Scenario

Develop approaches through example:

• New line introduction
• Shelf-flying success
• Hit recognition
• Precise tracking need
• Consistent restocking demand

Software Stepping-In

Master techniques for:

• User-friendly interface
• Scanning automation
• Stock level adjustment
• Reorder notification sending
• Sales report generation

Convenience and Efficiency

Create systems for:

• Manual tracking elimination
• Guesswork removal
• Well-stocked shelf assurance
• Customer smile leaving
• Trusty assistant comparison

Hands-On Training Exercise 1: Adding New Products

Implement strategies for:

• Learning-by-doing belief
• Software access requirement
• Mock exercise completion
• Necessary detail inclusion
• Familiarity development

Real-World Artisanal Chocolate Scenario

Establish protocols through example:

• Product range expansion
• Delicious addition tracking
• Proper management assurance
• Software addition necessity
• Chocolate holding imagination

Step-by-Step Product Addition

Develop approaches for:

• Software opening
• New product entry creation
• Detail form filling
• Entry saving
• Accuracy verification

Product Entry Details

Master techniques for:

• SKU input
• Product name entry
• Cost recording
• Selling price specification
• Supplier information inclusion

Real-Life Situation Mirroring

Create systems for:

• New item introduction
• Accurate data entry
• Timely information input
• Effective management key
• Customer love stocking

Tool Purpose Recognition

Implement strategies for:

• Job easier making
• Efficiency improvement
• Top-notch service focus
• Number handling
• Record taking care

Hands-On Training Exercise 2: Updating Stock Levels

Establish protocols for:

• Previous exercise continuation
• Stock level focusing
• Change handling observation
• Inventory adjustment witnessing
• Fresh shipment simulation

Real-World Potato Chips Update

Develop approaches through example:

• Fresh shipment receiving
• Popular product selection
• Inventory reflection updating
• Classic Potato Chips choosing
• Stock level finding

Update Process Execution

Master techniques for:

• Current stock field identification
• Received quantity entry
• 10-case example (240 bags)
• Change saving
• Adjustment observation

Automatic Recalculation

Create systems for:

• Instant update assurance
• Right amount guarantee
• Frequent encounter preparation
• Shipment handling
• Sales factor management

Streamlining Task Understanding

Implement strategies for:

• Daily task enhancement
• Efficiency job improvement
• Practical experience thinking
• Record accuracy maintenance
• Customer finding assurance

Hands-On Training Exercise 3: Generating Reports

Establish protocols for:

• Skill sharpening continuation
• Report generation focusing
• Turnover rate insight gaining
• Last quarter analysis
• Decision guidance understanding

Real-World Energy Drink Analysis

Develop approaches through example:

• Charge imagination
• Quick-selling assessment
• Decision guiding information
• Right product assurance
• Overstocking prevention

Report Generation Process

Master techniques for:

• Software access proficiency
• Product selection (Energy Drinks - 16 oz)
• Time frame configuration (last quarter)
• Report generation execution
• Turnover rate display

Data Analysis Application

Create systems for:

• Close examination
• Quick-selling indication
• High demand recognition
• Slow sales suggestion
• Informed decision making

Analysis Impact Understanding

Implement strategies for:

• Order quantity increase consideration
• Prominent placement assurance
• Easy accessibility maintenance
• Promotion exploration
• Discount investigation

Software Value Recognition

Establish protocols for:

• Data provision appreciation
• Decision informing capability
• E...