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There are currently four interfacing methods for the StockRight system: POS Data, Handheld Units, Internet, and reporting through the Wholesaler.
- Stores submit inventory and or sales data through custom interfaces developed by StockRight.
- StockRight uses each stores unique data to calculate an optimal order and place it with the designated wholesaler.
- StockRight recalculates inventory levels weekly to determine the optimal levels for the upcoming week.
If your store doesn't have POS Data available, store associates simply report the on hand inventory to StockRight. Once the inventory is reported, StockRight algorithms insure that each retail location has the correct inventory stocking levels. StockRight will then calculate the on hand inventory with the correct stocking level to create a replenishment order for each location. Finally, StockRight submits the order to the designated wholesaler.
If your store was to transmit POS Data with the StockRight System, a perpetual inventory would be kept through the communication of the StockRight Server and your POS Server at your corporate office. With the perpetual inventory being recorded, on ordering day StockRight will calculate the on hand inventory with the correct stocking level to create a replenishment order for each location. Finally, StockRight submits the order to the designated wholesaler. Each store would be required to submit a periodic physical inventory of the cigarette category to determine any store shrink.
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