BPOS point of sale software provides and inventory program that is used to maintain vendors, generate purchase orders, receive orders into inventory, and adjust and maintain inventory as desired. BPOS has the ability to track and maintain inventory so that an accurate cost of goods sold may be determined.
Inventory management allows users to setup all items and attach pertinent information related to inventory. This includes information related to the purchase and sale of items so that inventory can be properly tracked such as units of measure purchases by, units of measure sold by, units per package, etc.
Inventory by sub-item allows item to be attached to a primary inventory item for the purpose of tracking components within the primary item such as ingredients or items bundled together for sale. Each time a parent item is sold; all the sub-items are also recorded as sold. In the restaurant industry you might think of this as ingredients whereas in the retail industry they would be considered kits. For example, a cheeseburger might consist of the sub-items of 1 bun, 4 ounces of ground beef and 1 slice of cheese.
Users may create process and track purchase orders by vendor. The purchases orders may then be used to verify receipt of items and track back orders.
Users can receive inventory with or without the use of purchase orders, adjust inventory for a variety of reasons such as spillage, damage, etc. and conduct physical inventories and compare them to the expected inventory count maintained by BPOS. This information can then be used to generate reports showing food costs, inventory shrinkage, etc.
Vendors are maintained within the inventory module including purchase order preferences which can then be used to generate purchase orders. In January of 2012 BPOS will provide the capabilities to track items provided by each vendor, maintain current pricing and submit purchase orders directly to vendors thru and automated system.