The KORONA Retail Package enhances your POS system by giving you full inventory visibility and control - designed to reduce waste, avoid stock outs, and drive smarter purchasing decisions.
- Inventory Counts
- Stock Management
- Barcode Automations
- Supplier Interface Integration
- Price and Shelf Labels
- Customer Management
- Real-Time Tracking
- Item Combination
- Order Automation
Inventory Counts
Types of Inventories/Inventory Counts
There are numerous types of inventories, all of which are used to correct and change the quantity on hand.
- Annual Inventory: Takes ALL of your tracked products and adds them to a list to be checked.
- Inventory Sampling: An empty list that you can create on your own by adding them one by one, by supplier, assortment, tag, or commodity group.
- Identify Irregularities: This list will include all products in negative quantity on hand. This occurs when you have sales beyond what you had previously tracked as on hand and is a common sign that your inventory is off.
- Perpetual Inventory: This is the least commonly used feature. It creates a random list of products to be verified at a time interval of your choosing.
Stock Management
Maintain optimal stock levels across all locations. The system provides insights into product performance, helping you make informed decisions on restocking and discontinuing items. There are a few different ways to manage stock, all of which adjust the quantity on hand to reflect physical inventory.
- Stock Adjustment – Add or Subtract from the current inventory.
- Stock Order – Request for product.
- Stock Receipts – Receipt for product.
- Warehouse Report – Provides an overview of current stocks per warehouse.
Barcode Automations
Generate or assign barcodes/SKUs automatically, integrate scanning workflows and link labels to tickets, shelf tags, invoices, etc.
Supplier Interface Integration
Easily set up stock orders using the supplier order interface. Connect to vendors and easily create and send orders, track delivery status, and reconcile what arrives vs what was ordered.
Price and Shelf Labels
Korona allows clients to print pricing and shelving labels from the back office. This is great when you have shelves of products to ensure consistent pricing across your store and improve visual merchandising to attract customers.
Customer Management
Create and manage customers from either the Korona Studio or the POS. Assign customers to groups and reserve special pricing or discounts available only to those customers. Track sales, products and frequency with built in tools.
Real-Time Tracking
Track every item as it moves through your business — from purchase to sale. Stock counts update automatically with every transaction, return, or adjustment.
Item Combination
Inventory flexibility that allows for item combinations similar to gift baskets or multi-packs of items. Offer bundled products or kits to increase average transaction value. The system allows you to create and manage item combinations, providing customers with attractive deals.
Order Automation
The order cycle is a great tool for automating stock orders for a specific supplier. Automate the ordering process based on predefined criteria. Reduce manual intervention, minimize stock outs, and ensure timely replenishment of inventory.
Conclusion
The KORONA Retail Package equips your business with essential tools to streamline operations, enhance customer experiences, and drive profitability. While this package offers a solid foundation, consider exploring the Korona Plus Package for advanced features like Automatic Price Adjustment and Assortment Clean-Up, designed to further optimize your retail operations.
