Being successful enough to have a fully stocked warehouse is a dream come true for many business owners — but without the right processes in place to manage all that inventory, it can start to feel like a nightmare.
Fortunately, a wholesale point of sale (POS) solution can help.
A wholesale POS system has the power to streamline your operations, manage massive amounts of inventory, and save you major time and headaches.
In this blog, we’ll explore what a wholesale POS system is — and how you can put it to work for your business.
What Is a Wholesale POS System?
The main function of a wholesale POS system is to manage large amounts of stock. Wholesale POS systems have robust inventory management features, allowing you to see a digestible overview of exactly what you have on hand and in what quantities.
These systems also make it easy to transfer inventory from one location to another and to track key information like serial numbers and pricing as your stock moves.
Wholesale POS systems are most useful for small business owners dealing with hefty amounts of inventory. For example, if you run a warehouse supplying other retailers with electronics and accessories, you’ll be able to track your inventory, make transfers, and collect accurate payments.
Another key use case for wholesale POS systems is businesses with multiple locations. If you own multiple cell phone or electronic stores, storing stock in a warehouse allows you to easily store and distribute the appropriate inventory to each of your locations.
A wholesale POS system simplifies these processes, allowing you to see a clear overview of your entire inventory and track it as it moves through your business.
Why Should You Use a Wholesale POS System?
Now that we’ve covered what a wholesale POS system is, let’s take a look at three important benefits that this tool has for your business.
1. Know Exactly What’s in Your Warehouse
There’s nothing more frustrating than not being able to find a missing batch of inventory.
When stock is misplaced, you risk losing money, you delay the delivery of the items to the right location, and your team wastes valuable time searching for it in your vast warehouse.
That’s where a wholesale POS system comes into play. Your wholesale POS system keeps accurate, detailed records of all of your inventory — allowing you to access a clear overview of exactly what products you have in stock, in what quantities, and where they’re located in your warehouse.
With a wholesale POS system, your team will be much more efficient in finding and transporting the right products to the right places, and you’ll be able to make more informed ordering and transfer decisions.
2. Make Inventory Transfers a Breeze
Along with simplifying your inventory management process, a wholesale POS system makes it much easier to map out inventory transfers.
Transferring stock from one location to another can be tricky. You run the risk of losing inventory along the way, sending the wrong products to the wrong location, or misplacing important deliveries — all of which can wreak havoc on your bottom line and bring your operations to a screeching halt.
A wholesale POS system removes the risk of human error by tracking your stock levels and facilitating inventory transfers all in one convenient place, allowing you to monitor your stock’s movement at any time.
One feature to look for when shopping for the right wholesale POS system is the ability to sync individual data for each item between locations during a transfer. This is especially important for high-value items that have serial numbers, like cell phones. Instead of having to manually input serial numbers twice, you’ll be able to track them as they move, saving you time and effort.
3. Handle Payments Effortlessly
Your wholesale POS system should make it easy to account for your inventory physically and financially.
If you need to collect payment for a batch of inventory after a transfer, your wholesale POS system should be able to facilitate payments with no effort required on your part — ensuring that you’re paid the right amount every time.
A key payment feature to look for when evaluating a wholesale POS system is flexibility. Your POS system should allow you to accept payments on your schedule, whether you’d prefer to be paid upon delivery or to receive payment for all your deliveries at the end of each month.
Streamline Your Business With a Wholesale POS System
A wholesale POS system is a powerful tool that can save you time, help you operate more efficiently, and ensure ultimate profitability for your business.
The right wholesale POS system will make it easy to track vast quantities of inventory, transfer stock to the right places, and receive payment for your deliveries when you choose.
If you’re looking for the best wholesale POS system on the market, then look no further! CellSmart POS has a wholesale point of sale solution designed specifically for small business owners just like you. Our software has all the features you need to tackle large-scale inventory management and accurate, efficient transfers.
Are you ready to put this critical tool to work in your warehouse or wholesale business? Schedule a live demo of our wholesale POS solution today!