Merchant Magic™ POS Plus includes a sophisticated serialized tracking module. It allows you to look up serial numbers and view complete historical information.
What is Serialization?
Serialization is the identification of a product of the same part number or barcode with a unique number. In this way, two TV's of the same brand and part number can still be distinguished when brought into a TV repair shop. The same holds for hand guns and rifles. Serialization unequivocally determines product ownership.
The most common reasons to serialize your products are:
- It is required by law. Example: The sale of firearms. By federal law, all firearms must be tracked by serial number when bought, sold, transferred or basically, when changing hands.
- To Track Warranties. Assume you buy a refrigerator with a 3 year warranty. Tracking what specific serial number was sold to the customer on what date determines the validity of the warranty.
- Consignment Tracking. When customers bring in items of clothing, household goods, etc.. into a consignment shop, each article must be labeled and tracked individually from receipt to sale. Serialization is necessary in this instance. Instead of making up new part numbers for the same item, you can assign a unique serial number to the item.
Serialization history is automatically built as a background process each time you sell a serialized item, do a trade-in, a direct buy, or take in a consigned item. You do not have to concern yourself with double entry of information.
What if I want to Serialize an Item, but the Item Doesn't Have a Serial Number on it?
If the item does not come with a serial number on it, Merchant Magic™ will automatically generate a unique serial number for you.
Q. "What types of businesses serialize their inventory?"
A. There are many types of businesses that benefit from serialized tracking. Any business that needs to keep track of a specific item needs to serialize that item. Puppy stores want to assign a serial number to each specific puppy to track where it came from and who it was sold to. Music stores might want to serialize their pianos and guitars to track warranties. Scuba shops might want to track their air tanks to monitor age. Gun shops have to serialize their firearms as that is required by the ATF. Fishing poles, archery bows and mountain bikes are more examples of items that are often serialized. Medical equipment is often serialized to track who it went to. Electronics and appliances are serialized for warranty purposes. Consigned items must be serialized because each consigned item must be accounted for. Another great application for serialized software is tracking merchandise in antique malls. In short, any time you need or want to track a specific item, then you need to serial it.