Improve Your Stock Control With Software
Jul 29 2019
How do find your stock? Do you have a hard times in doing such thing? Does you have an accurate records of your stocks? Or maybe, you cannot determine the amount of item to be purchased? One problem face by every businesses today is stock complications. They cannot decide exactly how much to order in a given period of time to cater the demand for the product.
When you are going to make a smaller order, it will lessen the amount of stock on hand; but it causes you to make frequent orders. Thus, increasing the expenses in transportation or delivery. However when you do large orders, it will eventually proliferate the stock, thus making it costly. On the other hand, making large orders can generate volume discounts.
In making a bulky orders, some factors need to be consider. You have to prioritize and double the amount of those that are in demand and fast moving. Don’t over purchase those goods which is out of season. Especially the consumable items which cannot last longer (with expiration date).
In making a smaller order, this may seem to be be a more favorable solution. However this could also result in some considerable delays and resulting in possible stock outages. Based on observation, stock outages typically lead to costumer loss. Therefore, those products which can be sold out immediately needs to be replace instantly.
Using stock control software makes your stock efficient and will help you in knowing the amount of stocks on hand and determining the products that are fast moving. You have now the power to determine how much you are going to order because you know the demands of the costumer by observing the data in the stock levels.
You will also save time and effort in piling up yourself with devastating paper works. You can store all the information in the database including the costumer and supplier information, sales, asset details and many more. The one who involve in this activity should be responsible to monitor the remaining merchandise and to replace those items that are going to be left out soon for a continued business processes and to provide all their costumer’s needs.
This inventory control software has also the record of the cash inflow of the business. It is essential to know the income and expenses of your business in order to determine the status if your business are generating profits otherwise everything you’ve labored will only come in vain.
Some of the businesses are busy in doing everything to make out sales but only find out later that they lose in the game. Inventory is important to check and analyze the status of your business. You can compare the result from the previous year and try to improve everything in order to have a better results in the future.
Do you own or manage a hotel, pub or restaurant? We can help you increase your profit margins with our innovative food and drinks stocktaking systems specifically tailored for the hospitality sector. Call us today to discuss how we can help and book a free, no obligation demo.