Verifone Supplies

Written by Gregg Ruais
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Retail store managers must stay organized when it comes to keeping track of inventory. The simplest operating supplies are essential to maintaining high levels of customer service. Imagine running out of ink or paper and having to deny shoppers the ability to use their credit cards. Those situations could legitimately alienate customers for life; some shoppers hold lifelong grudges for inconveniences. In all likelihood, a manager could find a way to accept someone's credit card, but the process would definitely take longer and would appear unprofessional.

Instead of printing a clean, itemized receipt, the cashier might have to make an unsightly carbon copy of the person's credit card. The charge amount would be written by hand. Avoiding these scenarios from occurring in the first place is the best option. It only takes a little extra time and some knowledge on how to use PCs to guarantee these things will never happen.

Using Excel to Never Run out of VeriFone Supplies

One method is to use Microsoft Excel, an excellent tool for maintaining simple databases, to keep track of the supply inventory. In one column, the manager would enter all the items of which he must keep track. This includes printer paper, ink, and all other supplies necessary to keep the business operating smoothly. Next to that column would be a column titled, "Reorder Point." This would indicate the minimum inventory that should be on hand at all times. When determining this figure, managers must keep in mind how long it takes for those items to ship after orders have been placed.

To the right of that column should be the actual inventory count. Some businesses count inventory daily, while others can get away with taking weekly counts. The fourth column would contain a Boolean formula that indicates whether or not the item must be ordered. A simple if-statement formula would tell people whether or not the current stock is at or below the reorder point. The cell in this column would say "YES" or "NO" based upon the figures in the two previous columns.

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