\u201cOur store uses Suggested Ordering 100%. Ace considers 95% really good and we\u2019re always above that,\u201d Ross explains.<\/strong><\/span><\/p>\n For suppliers with Remote Stock Check capabilities, Paladin allows stores to see what products are available in their regional warehouses and in what quantities, some in real-time. This allows the store owner to adjust their orders to help avoid product outs and unnecessary backorders.<\/p>\n Brian Flande manages two\u00a0Phil\u2019s Ace Hardware<\/a>\u00a0stores in Central Oregon. He uses Remote Stock Check to know what his Ace regional distribution center (RDC) has in stock. It makes his ordering more efficient, communication automatic, and it saves him time. His POs are generated automatically and sent to Ace Hardware\u2019s RDC.<\/p>\n \u201cAnything the Ace warehouse has in stock, Paladin will show that. That allows me to delete items we might normally order because I know they\u2019re out of stock. It also shows me that I can order partial amounts because the warehouse has partial stock on hand,\u201d Flande says.<\/p>\n For non-EDI suppliers, sending POs through the Paladin inventory management system is as simple as choosing or adding an email address and clicking a radio button.<\/p>\n [\/et_pb_text][et_pb_text admin_label=”Employ Best” _builder_version=”4.25.0″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” vertical_offset_tablet=”0″ horizontal_offset_tablet=”0″ z_index_tablet=”0″ text_text_shadow_horizontal_length_tablet=”0px” text_text_shadow_vertical_length_tablet=”0px” text_text_shadow_blur_strength_tablet=”1px” link_text_shadow_horizontal_length_tablet=”0px” link_text_shadow_vertical_length_tablet=”0px” link_text_shadow_blur_strength_tablet=”1px” ul_text_shadow_horizontal_length_tablet=”0px” ul_text_shadow_vertical_length_tablet=”0px” ul_text_shadow_blur_strength_tablet=”1px” ol_text_shadow_horizontal_length_tablet=”0px” ol_text_shadow_vertical_length_tablet=”0px” ol_text_shadow_blur_strength_tablet=”1px” quote_text_shadow_horizontal_length_tablet=”0px” quote_text_shadow_vertical_length_tablet=”0px” quote_text_shadow_blur_strength_tablet=”1px” header_text_shadow_horizontal_length_tablet=”0px” header_text_shadow_vertical_length_tablet=”0px” header_text_shadow_blur_strength_tablet=”1px” header_2_text_shadow_horizontal_length_tablet=”0px” header_2_text_shadow_vertical_length_tablet=”0px” header_2_text_shadow_blur_strength_tablet=”1px” header_3_text_shadow_horizontal_length_tablet=”0px” header_3_text_shadow_vertical_length_tablet=”0px” header_3_text_shadow_blur_strength_tablet=”1px” header_4_text_shadow_horizontal_length_tablet=”0px” header_4_text_shadow_vertical_length_tablet=”0px” header_4_text_shadow_blur_strength_tablet=”1px” header_5_text_shadow_horizontal_length_tablet=”0px” header_5_text_shadow_vertical_length_tablet=”0px” header_5_text_shadow_blur_strength_tablet=”1px” header_6_text_shadow_horizontal_length_tablet=”0px” header_6_text_shadow_vertical_length_tablet=”0px” header_6_text_shadow_blur_strength_tablet=”1px” box_shadow_horizontal_tablet=”0px” box_shadow_vertical_tablet=”0px” box_shadow_blur_tablet=”40px” box_shadow_spread_tablet=”0px” use_border_color=”off” border_color=”#ffffff” border_style=”solid” global_colors_info=”{}”]<\/p>\n Knowing exactly what you\u2019re purchasing utilizing POs is a key step in fine-tuning your inventory. Even well-established stores need to keep track of what\u2019s selling and what isn\u2019t. Order quantities are an accurate way to identify slow-moving inventory that should be replaced by desirable merchandise.<\/p>\n PaladinNsight displays how a store\u2019s inventory is performing on an easy-to-read dynamic dashboard.<\/p>\n Rosedale Town & Country<\/a>, a farm store in southern New Jersey, has been a family business since 1950 but in 2017 it changed the way it worked.<\/p>\n \u201cWe\u2019re using Paladin reports to find out what\u2019s selling and what isn\u2019t. That helps us improve our product lines and our profit. We\u2019re really working on improving our product pricing and margins,\u201d Rosedale manager Elizabeth Schreiber says. \u201cWe use the (radio frequency \u2013 RF) guns for creating purchase orders. They make ordering easy.\u201d<\/strong><\/span><\/p>\n The store\u2019s business has improved from roughly $3.4 million in annual sales seven years ago to around $5 million in 2022. During that span, Rosedale has been using purchasing and inventory management tools to refine its stock and maximize its profits.<\/p>\n Another Paladin feature allows stores to create purchase orders from items selected from an invoice or quote. This speeds up the process of creating POs and provides greater accuracy because the items are selected from existing sales or quote information.<\/p>\n [\/et_pb_text][et_pb_text admin_label=”Meet the Mins” _builder_version=”4.25.0″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” vertical_offset_tablet=”0″ horizontal_offset_tablet=”0″ z_index_tablet=”0″ text_text_shadow_horizontal_length_tablet=”0px” text_text_shadow_vertical_length_tablet=”0px” text_text_shadow_blur_strength_tablet=”1px” link_text_shadow_horizontal_length_tablet=”0px” link_text_shadow_vertical_length_tablet=”0px” link_text_shadow_blur_strength_tablet=”1px” ul_text_shadow_horizontal_length_tablet=”0px” ul_text_shadow_vertical_length_tablet=”0px” ul_text_shadow_blur_strength_tablet=”1px” ol_text_shadow_horizontal_length_tablet=”0px” ol_text_shadow_vertical_length_tablet=”0px” ol_text_shadow_blur_strength_tablet=”1px” quote_text_shadow_horizontal_length_tablet=”0px” quote_text_shadow_vertical_length_tablet=”0px” quote_text_shadow_blur_strength_tablet=”1px” header_text_shadow_horizontal_length_tablet=”0px” header_text_shadow_vertical_length_tablet=”0px” header_text_shadow_blur_strength_tablet=”1px” header_2_text_shadow_horizontal_length_tablet=”0px” header_2_text_shadow_vertical_length_tablet=”0px” header_2_text_shadow_blur_strength_tablet=”1px” header_3_text_shadow_horizontal_length_tablet=”0px” header_3_text_shadow_vertical_length_tablet=”0px” header_3_text_shadow_blur_strength_tablet=”1px” header_4_text_shadow_horizontal_length_tablet=”0px” header_4_text_shadow_vertical_length_tablet=”0px” header_4_text_shadow_blur_strength_tablet=”1px” header_5_text_shadow_horizontal_length_tablet=”0px” header_5_text_shadow_vertical_length_tablet=”0px” header_5_text_shadow_blur_strength_tablet=”1px” header_6_text_shadow_horizontal_length_tablet=”0px” header_6_text_shadow_vertical_length_tablet=”0px” header_6_text_shadow_blur_strength_tablet=”1px” box_shadow_horizontal_tablet=”0px” box_shadow_vertical_tablet=”0px” box_shadow_blur_tablet=”40px” box_shadow_spread_tablet=”0px” use_border_color=”off” border_color=”#ffffff” border_style=”solid” global_colors_info=”{}”]<\/p>\n Independent hardware stores are often challenged to meet supplier minimum order amounts.<\/p>\n Paladin allows stores to merge all their POs to a supplier into one. This makes it easier for stores to reach the minimum ordering levels and get those important price breaks. It also provides greater accuracy by making it easier to review the PO before placing an order.<\/p>\n Improving business performance begins with more customers buying more products. Having the right products in the right amounts for the right prices helps to achieve this goal. Creating accurate purchase orders is the first step in efficiently managing inventory.<\/p>\n POs also help with budgeting, eliminate mistakes, provide legal protection, and manage a business in a disciplined way.<\/p>\n There\u2019s really a lot you can do with purchase orders. It helps you better manage your inventory, track your purchases, maintain your margins and pricing, and increase your bottom line.<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”Author” _builder_version=”4.25.0″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” use_border_color=”off” border_color=”#ffffff” border_style=”solid” global_colors_info=”{}”]<\/p>\n Author<\/span><\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" Creating accurate purchase orders is the first step in efficiently managing inventory and it ultimately helps you increase your bottom line.<\/p>\n","protected":false},"author":13,"featured_media":29611,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":" by Charles Owen | February 26, 2024<\/span><\/b><\/span><\/p> It\u2019s surprising that in our current times, there are business owners who continue to rely on handshake agreements and manual order processes to regularly purchase considerable quantities of products. Especially when processing purchase orders through a point-of-sale system is so much easier, and significantly improves inventory management, ordering efficiency and cash flow.<\/p> Processing purchase orders through a point-of-sale system is a game changer.<\/p> Paladin Point of Sale Suggested Order Reports are the easiest way for any business to create a purchase order. It\u2019s nearly automatic and can significantly reduce the required time to create an order. Paladin uses historical sales data and a proprietary formula to inform a store owner about the products and quantities required to meet customer demand.<\/p> Ross Martin owns Caledonia Village Ace Hardware<\/a> in Caledonia Township, Michigan. Using Paladin Suggested Order and EDI ordering has helped his store earn Ace Hardware\u2019s Pinnacle status as a top-performing store. One qualification for the award requires stores to maintain an optimal in-stock percentage.<\/p> \u201cOur store uses Suggested Ordering 100%. Ace considers 95% really good and we\u2019re always above that,\u201d Ross explains.<\/span><\/strong><\/p> For suppliers with Remote Stock Check capabilities, Paladin allows stores to see what products are available in their regional warehouses and in what quantities, some in real-time. This allows the store owner to adjust their orders to help avoid product outs and unnecessary backorders.<\/p>Employ Best Practices to Improve Profits<\/h3>\n
![\"A](\"https:\/\/paladinpointofsale.com\/retailscience\/wp-content\/uploads\/sites\/2\/2024\/02\/RS-March24_POs2-600-300x150.jpg\")
Paladin advocates for performing product reviews of a small 2- to 4-foot section daily. Using an RF (radio frequency) scan gun and assigning location codes to products gradually builds a map of a store\u2019s entire inventory. This process enables the stores to begin leveraging the suggested order forecasting reports on day one, one section at a time. Once all the sections in the store are counted and recorded in Paladin, the Suggested Order provides a report and accompanying purchase order for optimal stocking. It\u2019s a proven system that has many loyal users.<\/p>\n\u00a0<\/h2>\n
Meet the Minimums<\/h3>\n
Upshot<\/h3>\n
charles owen<\/span><\/h3>\n
![\"Image](\"https:\/\/paladinpointofsale.com\/retailscience\/wp-content\/uploads\/sites\/2\/2024\/02\/RS-March24_POs-600.jpg\")
<\/td><\/tr><\/tbody><\/table>\u00a0<\/h2>
Purchase Orders with a Purpose<\/h1>
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Suggested Orders Maximize Efficiency<\/h2>