Effective inventory management can help to reduce cost of goods (COGs) by quickly managing your inventory through the NCR Console platform. The inventory reporting feature is meant to aide you in those efforts!
In this section you will find the following resources:
Inventory History
Profitability Report
Spending Report
Inventory Movement
Discrepancy Report
Cost of Goods Sold
For more on Inventory Management:
Add Inventory: How to add inventory.
Take Inventory: How to take inventory.
How to Hide or Display Items: How to hide or display inventory items.
Manage Inventory: How to manage your inventory in the system.
How to Select a Unit of Measure: How to select and create a unit of measure.
Correcting Errors: How to correct errors after you’ve added or taken inventory.
How to Export Inventory: How to export your inventory database.
GLOSSARY OF TERMS
- Add Inventory: Occurs when you receive an order.
- Take Inventory: When you take the inventory of what you have on hand the day you take inventory (which may include recent deliveries).
- On Hand: A snapshot of what you currently have in inventory.
- Theoretical On Hand: Uses POS and Actual data to determine what you should currently have in inventory. Inventory items must be tied to the POS to determine Theoretical On Hand totals.
- Auto Depletion: When an item that correlates to a recipe is rung up on the POS, that item will auto-deplete from inventory to give you what you should actually have on hand. Note: the item must be part of a recipe that is also tied to the POS.
- Actual Inventory: Reconciles with Auto Depletion to determine what you have on hand. This occurs when you take inventory.
- View History: Provides you with historical data to show how Theoretical On Hand totals were calculated.
- Cost of Goods (COGs): The value of goods sold during a particular period of time.
- Inventory Discrepancy: Depicts actual vs. ideal inventory.