Stock Management Software: Manage Real Time Stocks

For a business having a multi-channel, ecommerce setup with sales streaming in from online and offline stores. Across your sales channel you need to manage orders to minimise the loss of sales, when, consider, you need to restock the next must plan thing for the vacation season. Increase your sales and keep track of every unit with our powerful stock management, order fulfillment and stock inventory control software for growing your business and increase your profit.

Inventory control is also crucial if in a business you want to minimise the carrying costs of holding stock. Keeping stock in warehouses is expensive. Insurance, taxes, theft, storage fees, natural disasters and passing fads can all potentially eat into your profits.

Keeping or storing stock means you are tying up your money in them. You are holding your money and can’t spend this fund.

You need efficiency in managing/balancing your stock levels so that your business cash flow towards positive direction. We all know what happens when your business runs out of cash, never mind profits.

Apart from this, simple reports and analytics helps you see what products are selling fast through your multiple sales channels. This is helpful in making smarter purchasing decisions and you might be able to spot a trend or two!

Do you need to manage batches and product and expiry dates?

This is important for the beauty, health and pharmaceutical industries.

How about managing multi-matrix product variants? Or handling complex units of measurement?

All these are possible with an inventory management software solution.

No one wants to sit around doing manual data entry activity or complex manual calculations with every purchase order. It’s best to leave it to a software to automate these common recurring tasks for you.

Some common bugbears faced by wholesalers and distributors include the calculation of landed costs.

How do you apportion additional expense like customs and shipping duties?

Inventory maintain software should automatically divide landed costs by the proportion of the purchase cost of the product, saving you time, effort and mistakes.

Let’s consider your sales rep closes a sale and creates a sales order. Stock management software helps the rest of your company work with it as it makes its way from sales to fulfillment.

Let’s see how this activity is done.

In First step, admin or user management in the software can readily create user logins for each staff in your company’s departments such as: sales, purchasing, administration, management and fulfillment.

A master user create job roles and assign user permissions to each user. Then these users can access modules and functions for their job responsibilities. Depending upon the access rights, it prevents them from having access to stock adjustments or transfers, or from viewing confidential financial reports.

Secondly, activity notes and tasks helps in collaboration within the team members and can seamlessly share and handover information on products, supplier, customers, invoices, sales orders and shipments. In this way everyone has full visibility in the orders until they are fulfilled.

In third steps, for fulfillment operations team can easily create and ready the shipment and pack all the items and quantity in the sales order that is yet to be shipped. With delivery order they can also issue picking and packing lists to the warehouse team to ship. When the order has been received by the customer, they can then mark it as delivered.

How does Stock management system keep my customers happy?

Well, it reduces your time to fulfillment for a start. With an stock maintain software system you are able to keep fast-selling products in stock (from your analytics and reports ) and fulfill them immediately.

Who would you rather buy from and what about returns and exchanges?

A seller with ready stock to ship immediately? Or one that takes 2–5 days to order stock before shipping it out? A customer that receives an order quickly is definitely a happy customer. Your system should handle these graciously. It gives instant support satisfaction!