In order to run your business smoothly you must have a well-functioning inventory management system. If you don’t have one, it might cause a lot of trouble and start to disturb the execution of orders and day-to-day business.
Stock control, otherwise known as inventory control, is used to show how much stock you have at any one time, and how you keep track of it.
It applies to every item you use to produce a product or service, from raw materials to finished goods. It covers stock at every stage of the production process, from purchase and delivery to using and re-ordering the stock.
Inventory software allows you to consolidate your inventory systems into a single, integrated inventory control solution.
Inventory control software, allows you to efficiently manage every stage of the product lifecycle, as well as your different lines of business. You’ll be able to manage inventory levels and get stronger control of inventory operations making sure that you never run out of inventory.
This how an Inventory Management Software can help:
Accurately track and report costs by accounting for specific detailed landed costs and allocating inventory costs by value, space utilized or weight.
Control inventory replenishment with the ability to minimize excess stock and fulfill orders on time. Having the right amount of inventory is key. Too much inventory is just as bad as having no inventory to fulfill needs
Fulfill orders effectively with complete multiple warehouse, bin management and cross-location visibility capabilities.
Gain real-time visibility into key inventory trends, on-time delivery metrics, shipping costs and carrying cost of inventory.