Why Using an Inventory Management Excel hurts your Business?

If you run a small business – or if you used to run one and your business has gotten bigger – you’re probably familiar with Excel. This versatile little piece of software is great for budgeting, accounting, scheduling, project management, customer relationship management and more. In particular, Excel can be a really handy tool for inventory control and management when you’re just starting out. Whether you’re operating out of a garage or a small retail shopfront, Excel… Read More

Top 8 Strategies to Optimise your Inventory Management System

Inventory optimization is the provision of the right inventory, in the right quantities and at the right locations, to meet the supply and demand of parts and materials in the enterprise. Significant benefits exist for organizations that optimize their inventory by reducing inventory items and stock levels, thus avoiding associated carrying costs and obsolescence write-downs. Indirectly, organizations can generate savings by using time formerly spent on inventory management to ensure physical assets’ reliability and availability.… Read More

6 Reasons Why Small Businesses need Cloud-Based Inventory Management System

Small businesses, particularly those that are growing, often struggle with inventory management. Many end up utilizing outdated or manual processes that are anything but efficient. As a company grows, however, inefficient inventory management becomes a major headache rather than a minor annoyance, and the need to improve inventory management processes becomes both real and urgent. Accurately tracking and controlling your inventory is one of the most essential components of inventory management for small business. Getting it right… Read More

6 Key Advantages of Inventory Management Software

As a small business retailer, you likely possess some kind of system in place for keeping track of the products you have in inventory. You need to recognize what you own, how much you have at present, and how much you need to order — and when! Is the way you manage inventory at present enough? Goods Order Inventory Management software allows for proper planning, real time inventory tracking, accounting integration, detailed analytics, and prompt… Read More

6 Reasons why you need Inventory Management Automation and Reporting

In today’s highly competitive business environment, retailers strive to achieve consistency, effectiveness & profit in their business but cumbersome manual processes continue to hurt them. Whether you are a wholesaler, manufacturer or retailer; inventory management can maximize the value of your business. Although E-commerce is showing an upward trend, firms are not yet aware of the importance of holding an automated inventory management system. When you’re a product-based company, inventory control is an obvious part of your… Read More

Quick tips for saving your Time and Money with Cloud-Based Online Inventory Management

As a business owner, it’s understandable that you want to keep costs low. After all, low costs and low overhead are meant more at the bottom line for the business, right? Basically yes, but what if those low-cost measures cost you more in lost opportunities? Basically, opportunity cost is the alternative cost or value of the next-highest-valued option. The notion of opportunity cost can come often in business and time is often what people give… Read More

How an Inventory System Benefits Hotels

A hotel inventory management system is a very important asset for the success of your hotel business. However, many of the hoteliers fail to understand the need and the benefits of using an inventory management software. In fact, an inventory system is a must for every hotelier as it allows them control their hotel management in the best possible way. Not only this, but they can also track their assets and manage their sales and… Read More

Why Centralizing Inventory Management is a key factor to Increase Profit Margins?

Whether you are running a single store or selling over multiple channels- the success of your e-commerce business will depend on how well you manage your inventory. Because, if mishandled- a business can hamper product movements that immediately affects the profit margins. Is centralizing the new buzzword for managing inventory? When an order reaches your store, it is really significant to ensure product levels are updated. Manual updated across multiple channels can increase the risk of… Read More

How Inventory Management Software is important for Wholesalers?

Running a wholesale business, means you are dealing with buying and selling stock on a regular basis. Therefore, the primary aspect for any wholesale business owner boils down to Inventory Management. If you are a wholesale merchant, knowing ‘what is inventory management‘ is essential. Since you are receiving products from suppliers and then selling it to your customers, I’m sure you realize the importance of managing inventory. There are many ways to manage inventory, however, the most common… Read More

The Role of Inventory Management for Healthcare Industry

The Inventory management system in healthcare industry has been considered as an additional function. It is perceived as an area of low importance, and ignored because of the vital and demanding needs of patients, which of course always takes first priority. With an array of emerging tasks frequently, it is imperative for the operations to work efficiently. The broken equipment or a short-order of medical tools is not just a nuisance, but can delay operations… Read More