Improve your business efficiency with powerful stock control and inventory software programs
Explore how a cloud-based inventory management system could help you perfect fulfilment, save time and boost your bottom line.
Why is stock control and inventory management important?
Having too much stock, or not enough, can cost your business dearly. If you don’t have the products your customers want readily available, you might have to pay extra for an express order – cutting into your profit margin. Or worse still; lose the sale to a competitor.
With too much inventory, on the other hand, you could find yourself paying for storage or warehouse space that you wouldn’t otherwise need. Excess stock might also have to be insured, secured against shrinkage, depreciated and taxed as an asset. All of this will eat into your working capital, reducing the amount you have to invest in things like product development, new equipment and marketing. That’s why planning and managing your inventory with precision is key to business efficiency.
How to improve your inventory management system ?
1. Review your current stock control practices
2. Check your stock regularly
3. Understand customer behaviours
4. Consider an automated inventory control system
5. Implement Just-In-Time (JIT) Inventory Management
Good inventory management software puts you in the driver’s seat
Take command of your business growth with point-of-sale inventory software that empowers you to streamline processes and widen your profit margins.