[RetailEdge Moderator]

Although RetailEdge allows you the flexibility to simply add and modify an item in the Inventory Manager, we see too many times users are not using RetailEdge's Purchase Order and Receiving functionality. The typical excuse is that it is not needed. This could be a big mistake and here's why.

The List

• Purchase Orders allow you enter product before items are shipped and you are rushed to get product entered and on the floor.
• Purchase Orders allow you to properly calculate your Open to Buy (an important retail metric).
• Adding items to receiving and purchase orders allow you to enter data without effecting your inventory. Make a mistake and just delete the item, no harm done.
• Updating from Receiving and Purchase Orders, keeps a record of what you received when and from which vendor.
• Updating from Receiving adjusts your average cost of goods and properly calculates your inventory valuation.
• Adding items in receiving and purchase orders allows you to take advantage of the Quick Lookups Copy feature (see Tip 001).
• POs allow you to tell customers quickly how many are order from the Sales Screen Lookup.
• Updating from receiving allows you to quickly see vendor pricing histories from the Receiving tab on the Inventory Manager.
• POs allow you to quickly see when an item is due to be shipped on the On Order tab in the Inventory Manager.
• Etc., Etc.