Whether you are running a wholesale, retail or manufacturing business, managing your stock is necessary. Solid stock management will make your business run smoothly.
Effective stock management improves warehouse efficiency, better customer service and clear visibility of stock value and profit margins.
Benefits of Stock Control
Stock control is subject to managing all your current physical inventory. Stock control management incorporates proactively managing new stock alongside stock that has been sold. When a company has a more comprehensive overview of their stock control, they’re able to meet customer demand in a more efficient manner and decrease any cost that’s associated with holding stock.
Improve Productivity and Efficiency
Distributors or wholesalers can improve their worker’s efficiency by implementing a Stock Management Software. The software can improve time-consuming processes and show complete available stock. Thereby freeing up time for employees to focus on other areas of the business.
Warehouse management is very important aspect of every business. A disorganized warehouse can create hundreds of problems – one of them is staying on top of inventory. From placing your best-selling products together, to arranging your warehouse by brand or seasonality, you can rearrange your stock so that it’s easily accessible.
Selling Products on Multiple Channels Is Easy
If you are selling products on multiple channels like retail, amazon, Flipkart, EBay, tracking all orders and inventory manually can become tedious. With fully integrated software, your stock control will be managed from each channel so that stock levels are kept up to date and customers are kept happy.
Running out of stock
Deriving minimum stock level and refilling inventory is very important. One can easily see list of lower inventory products and re-fill stock so that customer demand can be satisfied easily.
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What Issues Does A Stock Software resolve?
Stock management software can also help in predicting seasonal sales and reminds owner time by time to fill the inventory. A Stock Management system will ensure that there is an appropriate level of stock for all situations.
Out of stock is definitely a not good situation for any business. On contrary overstock can also raise problems. The excess stock becomes tied up in the business’s capital, which could have been used in other places. The excess stock also incurs additional warehousing costs due to spacing, and in some instances, the stock, finished goods or raw materials become outdated or spoiled before you even get the chance to sell it.
In business sometimes returned products are not managed wisely. Software can also help in re-assigning returned products wherever they are needed.
Beyond this, Stock management will make supervision, control, and inventory planning in the warehouse even better. Data stored in the server makes it easier for you to access it anytime and anywhere.
Stock management software with well-organized features can help a business grow by managing stock, employee’s time and money on right place.
Need a stock management software that can meet your requirements? We will develop one for you according to your needs. Contact us today.