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What is Inventory Management?
What is Inventory Management?

Detailed outline of the abilities of Sky's inventory management software.

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Written by Lynn Weber
Updated over a year ago

Inventory Management

Import and Monitor Stock Levels - Loss Prevention

Inventory refers to the goods that your business sells to your customers. Sky provides a top tier, free inventory management system that seamlessly pairs with your Cloud Point of Sale system. Through inventory management, you will be able to import stock, monitor stock levels, increase loss prevention and use all this data to forecast more efficient product ordering. Being a cloud-based platform, you can monitor your business operations from anywhere in the world. Making it easy to reorder products for your business, even from a white sandy beach!

Import Inventory

Sky makes it easy to update your inventory in bulk using a spreadsheet. Import or update thousands of products at once using a CSV file. This also makes transferring your business to Sky effortless. Simply export your inventory list from your other POS System for quick import into the Sky platform. It’s really that easy.

Export Inventory

Prefer to view your inventory levels the old fashioned way? Quickly export your stock levels to a printable spreadsheet directly from your dashboard.

Edit Inventory

If you only need to edit a singular item, you can edit any item manually. Quickly manage details like name, quantity, and price for each item.

Product Variables

Sometimes an inventory item isn’t as simple as saying, “Tires” or “T-shirt design”. Our product management system allows you to add variables, modifiers, and attributes that can be trackable inside of inventory management. A tire retailer might have an inventory of Tires -> Michelin -> Winter -> 185/60R13. A t-shirt printer could track inventory by Men’s T-Shirt -> Crew Neck -> Color Red -> Size XL.

Loss Prevention

Keeping track of your inventory levels helps you in determining admin errors, loss, or shrinkage. Loss prevention is an easy way businesses can maximize their profit margins. Significant loss over time (through internal theft, external theft or breakage) can cause businesses to raise their prices to offset the costs of those losses.

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