The True Cost of Stock Loss
Food retailers lose 5-10% of inventory value annually to stock losses. For a chocolate shop turning over Rs 1 million per month, that is up to Rs 100,000 lost every month. Most of this loss is completely preventable with the right POS system.
5 Ways Sum Cloud POS Reduces Stock Loss
- Expiry Alerts: Automated notifications 30, 14, and 7 days before expiry. Discount near-expiry items to recover cost rather than discard them.
- FIFO Enforcement: System ensures oldest stock always sells first. No more finding old stock hidden behind new arrivals.
- Staff Accountability: Every discount, void, and return is logged against the staff member. Unusual patterns trigger alerts.
- Barcode Billing: Eliminates manual billing errors. Every item is scanned and recorded accurately every time.
- Daily Stock Reconciliation: Compare expected vs actual stock every day. Identify discrepancies immediately rather than months later.