Welcome to Denver Researchs POS Business Resource Center, your one stop resource for POS retail software, POS hardware and business books. Were dedicated to bringing you all the tools you need to run your retail business better and smarter, on line and off Supports inexpensive tablets. Windows 8, 8. 1 1. Windows Vista, 7, 8, 8. PCs. You may download fully functional trial software, ask questions or just look around. No Monthly Fees. Resellers Welcome. The Best Inventory Management Software of 2. Taking Inventory of Whats Important. Inventory isnt just stuff thats placed on a shelf. Depending on the type of business you have, it can be the products you sell retail or distribution inventory, items you store warehousing inventory, parts used in a service organization, or materials used in production or manufacturing. Keeping track of all these items, even for a successful small to midsize business SMB, is more than difficult when using nothing but a spreadsheet. Tying that information into all of the other data platforms your organization uses requires a dedicated software tool. But deciding on the right tool for your particular business can be a difficult exercise in gauging required features versus optimal pricing. To help, weve tested nine of the most popular inventory management software packages available. What Is Inventory Management Software While inventory management sounds like its a simple spreadsheet of what youve got in the warehouse, inventory management software actually goes several levels deep. It should integrate with at least one other back end office system, namely, with your accounting or enterprise resource planning ERP package. An inventory management systems function is to track those warehouse items through acquisition, sales, or use processes locate them across one or many warehouses, and price cost the inventory sometimes in multiple currencies so you know the value of items you have in inventory for accounting purposes. In this way, this software sometimes overlaps with typical asset management software. Core functionality definitely centers around your inventory levels, but this kind of software also tracks sales, purchase orders POs, and sometimes even deliveries. Aside from accounting, inventory management is also often tied to point of sale POS software in many retail and storefront service operations. Very small operations can get away with fulfilling these functions with a simple spreadsheet. However, any business larger than that will want the asset identification, order tracking, and supply chain optimization capabilities that a good inventory management system delivers. Provides Pointofsale POS and cash register products and services to businesses in Perth and in regional Western Australia, from multistore touchscreen systems. Costing Inventory. Inventory is considered a business asset. As such, it is accounted for in the Assets section of a companys balance sheet. When assets are sold or used, those results are also recorded in the Cost of Goods Sold COGS or Cost of Goods Used section of the income statement. That figure is computed by using one or more pricing methods. Common inventory valuation methods used in the US include First In First Out FIFO, Weighted Average Costing, Standard Costing, and Specific Costing or Specific Identification. Manage your business efficiently with small business accounting software package offered by Businessoftware. com. These small business plus accounting and cash. Your Own WEB PAGE We can provide you with a Webpage, Domain, Hosting, and Software that will enable you to upload your inventory, pictures and comments with a. Last In First Out LIFO was popular for a while but has fallen out of favor and generally isnt used anymore in most countries. The acronyms LIFO and FIFO represent the order in which inventory is acquired and then sold or transferred. FIFO assumes that the oldest inventory is being sold or transferred first, while LIFO assumes that the newest inventory will be used first. Weighted Average Costing is often used in situations where items are identical to each other and its impossible to assign a specific cost to an individual unit, or where the accounting system doesnt have the ability to track inventory by using FIFO which isnt the case in any of the inventory systems we review here. The weighted average method divides the cost of goods available for sale by the number of units available for sale, which yields the weighted average cost per unit. Another frequent inventory valuation method is called Standard Costing. With Standard Costing, you substitute an expected cost for an actual cost in the accounting records, and then periodically record variances showing the difference between the expected and actual costs. This approach is often simpler than using FIFO in situations where there is a large amount of historical cost information. Standard Costing requires that you create estimated costs for inventory used in business this method is used when its too time consuming to track actual costs. But it also requires that the estimated Standard costs be periodically compared with the actual inventory costs, and a variance entry be made in the accounting records. Finally, an additional common valuation method is called Specific Costing. This method assigns a cost to each individual item in inventory. Specific Costing is used when inventory items each have a readily available cost thats different from other items in inventory. For example, a custom furniture manufacturer would be likely to use Specific Costing. Some Common Inventory Terms. As is true with many financial systems, the inventory subsystem has its own set of terms. While its beyond the scope of this introduction to provide a comprehensive list of the terms you might run into, here are some of the more common ones. One frequent acronym youll run across is called BOM or BOMP. This stands for Bill of Materials or Bill of Material Processing, and youll find it used most often in production inventory systems. A BOM is used when an inventory item is made up of sub items the list of these sub items is the BOM. A similar term is kitting, which is a bundling of parts or items that make up a finished item which may then be used as an item in the BOM. You can have both kitting and a BOM in a single inventory item, depending on the items complexity and how granular your need to maintain inventory pricing. Sometimes you will run across the term Just in Time JIT inventory. This is a logistics term used in supply chain management SCM operations to time the receipt of inventory so that it arrives just before or precisely when its needed. This inventory strategy reduces the time that inventory is actually stored, which can save costs. But this strategy requires some advanced and well tested SCM capabilities. Also tied into process management and SCM is something called Work in Process. This tracks any inventory released to manufacturing and then tracks the inventory as its used on the production shop or factory floor. In many cases, youll find these two terms when examining production inventory systems aimed at everything from small production shops, such as your neighborhood motorcycle repair shop, all the way up to a large scale auto factory. Other Things to Look for in Inventory Systems. Because of all the complexity involved in how inventory works in any particular organization, there will always be aspects of it that closely tie in with other parts of your accounting system. For example, both sales and purchasing are integral aspects of inventory since you cant sell or use inventory if you havent purchased itand you cant sell it if you dont have it available. The exception to this is drop shipping, which lets you accept a sales order and then have it shipped directly to the customer from your suppliers warehouse. In essence, if your inventory system has drop ship capability and your supplier is willing, then youre using your inventory supplier as a warehouse. Depending on how your accounting system is set up, drop shipments are often not recorded as inventory but, rather, are frequently posted directly to the Cost of Goods Sold portion of your accounting system. Often sold as a separate module, SCM refers to the logistics of obtaining materials needed for production andor items needed for resale inventory. It involves purchasing, shipping, receiving, and storing, and as such, is tightly integrated with inventory. One aspect of SCM is called Reorder Point, a feature you will often also find in inventory management systems. This can be a manual level entered by whatever inventory manager the system uses to generate an alert, or even a PO that brings the number of a stock item below a specific level. Some more sophisticated inventory systems use a technique called the Economic Order Quantity EOQ. EOQ is a method used to calculate the optimum amount and times to order or reorder inventory to minimize holding or storage costs. Essentially, when using EOQ, you want the inventory to go as low as possible without resulting in a stock out i. Retail Inventory. Retail inventory has some terms and procedures of its own. One important characteristic of a retail inventory is that it integrates closely with a POS system, meaning, basically, your cash register.
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Im reasonably certain that the person who invented upside down tomato planters actually hates tomato plants.He or she one day decided to plant tomatoes upside down and watch them struggle and overcome the mind numbing orientation.Kitchen Design 2009 With Crack Head' title='20 20 Kitchen Design 2009 With Crack Head' />Im going to describe the torture my upside down tomatoes are experiencing.Its not for the squeamish please forgive me if this discussion becomes too graphic in fact, if you have a weak stomach, you may want altogether to skip the photos.Within a day of moving into its upside down planter, my tomato plant bent upward against gravity.Being very small, the plant bumped its head against the bottom of the hanging planter.Being under the planter, the tomato was in constant shade.Being a plant, each morning the tomato tried to grow toward the sun and it tracked the sun throughout the day.I used a 3 liter soda bottle to fashion an upside down planter according to instructions on the web site www.Such a planter adds injury to injury a tomato plants roots will grow into a space holding several gallons of soilas many as five gallons.A 3 liter soda bottle holds less than a gallon.A few weeks after hanging the soda bottle torture planter, I also hung some one gallon milk jug tomato planters.While the sad, abused upside down tomato has struggled to grow up, the upside up tomatoes have simply grown, quickly overtaking the tortured tomato in size and in health.For several weeks, my poor upside down tomato plant bumped its head on the underside of the planter while trying to find an easy pathway to follow toward sunlight.Finally, it grew big enough to extend from under the planter.Now the poor, tortured plant looks like an untreated victim of scoliosis its spine twisted into a hideous curve that no bracing or surgery can correct.I tried to accommodate the upside down craze by designing an alternative planter.For this planter, I put the slit about two thirds of the way up from the bottom of the bag, filled the bag with soil, and inserted the tomato plant with its root ball nearly on the surface of the soil.The stem runs diagonally down from the root ball through the soil and out the slit in the side of the bag.I figure the plant would immediately turn and grow upward, but the roots would have the full depth of the bag to grow downward.Thats what has happened so far eventually, I figure the weight of the plant and the tomatoes that grow on it will pull the stem downward and crack it or break it off, but the weight may come on slowly enough to let the plant sag gently under its own weight.The idea seemed far nobler than setting a plant to grow upside down.In retrospect, Id fill the bag with soil and plant the tomato through the bags top.Let it grow up the way nature intended.You know what plants Id grow in an upside down or sidewise planter in future growing seasonsNONE Please dont you grow any either.As the plant grows longer and sets fruit, it will inevitably grow heavier.The weight will force the stem down, flexing it unnaturally against the ghastly bend it has grown in effort to right the nasty wrong of living upside down.By the time this weight accumulates, the twisted stem will have hardened down meaning that it will be brittle rather than supple its likely to crack or break off unless I provide support for the emerging fruits.Dont Grow Tomatoes Upside Down.I implore you Dont buy upside down tomato planters.A plant may do well in such a device it may even thrive.However, upside down is not natural and provides not a single advantage over growing upside up or upside right, if it pleases you.Contrary to a lie you might hear in a Topsy Turvy advertisement, gravity in no way helps move water and nutrients down the stems to the leaves and fruit of an upside down plant this is simply not how plants work.Other claims made on the Topsy Turvy web site arent quite as preposterous, but they are misleading.Does a greenhouse effect warm the roots in an upside down planter resulting in explosive growthIs an upside down planter safe from ground fungus, bacteria, and cutworms Does an upside down planter eliminate digging, weeding, backbreaking work, and the use of pesticides The answer to each of these questions is Absolutely no more than an upside up planter would.Thats right every benefit claimed for an upside down planter comes as well with an upside up planter but an upside up planter has one additional benefit it doesnt torture the tomato plant.If you want your plant to provide a bountiful harvest, why abuse it by forcing it to struggle against such unnatural conditions Upside down tomato planters are popular because theyre novel, not because they offer a better way to grow food.My on line gardening buddy, Amanda Thomsen see her blog at horticulture magazine aptly referred to upside down planters as The snuggies of the plant world.In my words A little marketing goes a long w too far. 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