One of the most frequent questions I get when doing training on inventory management is, “What’s the difference between a “Bulk item” and “New item?”
In this post, I want to talk about PawnMaster's “Price Guide”. You and your employees see it every day but have you clicked on it?
Does your shop carry any accessory items to upsell and complement other items in your shop? You know, things like alkaline batteries, phone chargers, guitar strings or ammunition? If you do then I hope you utilize PawnMaster to set reorder levels on those items by entering a max quantity of at least 1 or more. When you do this regularly, you can run Inventory report #4 “Inventory Re-orders-Primary Vendor” and know what needs to be ordered. Easy!
BONUS TIP: Those accessory items also have UPC barcodes printed on the packaging. PawnMaster cross-references those UPCs on the sales screen if you entered it when the item was added to your inventory. In other words, you don’t need to print labels for items that you sell that have preprinted barcodes on them.
Steve Richards had been using Premium Software to run his gun and pawn shop since 1990, but he found that it couldn’t keep up with his expanding business. Steve needed a software product that was able to change with the nature of the pawn business, so he turned to PawnMaster. The stability and reporting power of PawnMaster was exactly what Steve was looking for in a software product.
PawnMaster has a tool that helps pawnbrokers get the most from their customer data called the Customer Snapshot, that little box on the right of the New Pawn screen that is displayed after selecting a customer. It lists the number of active loans, number of redeemed and defaulted loans, as well as the number of buys, redemption ratio, return ratio and total sales in dollars. This is important information. This is a quick-glance record of how your customers are treating you.
Bill Daigle is the general manager of Parlour Pawn, overseeing almost 30 employees in several different departments. After initially having a difficult time finding a pawn software that could keep up with their expanding inventory, Parlour Pawn turned to PawnMaster. With PawnMaster’s bin location system, Bill and his staff are able to safely, securely, and easily manage their 15,000+ pawns.
Martin Strasser had been using a custom-designed pawn software for years, but development costs and the amount of inventory he was dealing with led him to look for a stable platform with superior support. After researching PawnMaster and meeting with our team, Martin felt confident that he chose the best pawn software for his ever-growing business.