7 Reasons Why Accurate Inventory Tracking Matters

Introduction Inventory changes continually. Throughout each day, sales, returns, new receipts—even damage and robbery—influence your stock levels. While overwhelming, monitoring everything continuously is quite possibly the main position in an effective retail or wholesale business. Look at the best 7 reasons careful inventory tracking—the supporting for the rest of your business—should be the first concern. Look at the best 7 reasons careful inventory tracking —, which can be easily accomplished by utilizing a dedicated inventory… Read More

How to Utilize QuickBooks for Wholesale Distribution?

Wholesale distribution refers to when a merchant sells products to other businesses who then distribute through different channels to the end-user. Distribution is a tricky task in itself.  While handling both B2B and B2C operations, it can be challenging. In the distribution process, the challenges are unique, such as for this you may have a unique catalog per retailer you sell to, a business may handle some orders over phone and email, and sometimes you… Read More

3 Inventory Costing Methods to Consider When Valuing Your Stock

How much have you spent on your current inventory? How much did you spend on inventory that you’ve already sold? These are some of the most critical things retailers should be asking, and believe it or not, there is no one “right” answer to these questions, because of the various inventory costing methods out there. What is Inventory Valuation? Inventory costing or valuation is an accounting concept that has a direct impact on your gross… Read More

Is QuickBooks Online good for inventory management?

QuickBooks is a phenomenal piece of software for businesses to keep track of their accounts. But is QuickBooks Online good for inventory management? The short answer is no, especially when it comes to ecommerce retailers selling across multiple online channels. While there are benefits to using QuickBooks inventory management, most growing businesses will need much more robust software that can push data over to QuickBooks to complete their accounts. Here, we discuss why. Why we require… Read More

Enhance your business with Serial Number Tracking for your Inventory

A way to keep their inventory in check is required by each and every manufacturer, supplier, wholesaler, retailer, and business organizations to manage their stock. Without a well-defined system, any business will suffer from confusion, delays, and errors during the day to day operations. What Is Serial Number Inventory Tracking? Organizing and accounting for an entire inventory of items is difficult to work, and having a complicated system in place can result in inefficiency and… Read More

Want to take your business to the next level with Inventory Management Software

Your customers are becoming more discerning, your competition is a lot more-fierce, and there’s pressure on you to bring new products to the market. How do you keep up? You might be surprised to see that there are at least six ways an inventory management system can help.  Let’s take a look at inventory management software is so vital, especially business keeps changing and changing fast. IT ENHANCES YOUR EFFICIENCY If you tend to notice… Read More

How to Choose the Right Inventory Tracking Software

Let’s cut to the chase. If your business carries more than five stock items that are sold for profit, you need inventory tracking software. The age of inventory management on spreadsheets and log books is over. Paper-based inventory management invites errors and costly mistakes that hinder company growth and profitability. Companies still searching spreadsheets on a shared drive for inventory data are putting their company at risk, especially in an increasingly competitive marketplace. Yet in today’s… Read More

Turnkey solution- the best way to deal with unique inventory management challenges

In the recent years, the nature of businesses and their practices have changed remarkably. This is particularly due to the fast paced technologies whether industry specific or generic. Thanks to internet, Customers are now well informed about the products or services they want, and about the vendors offering them. And, that happens irrespective of the place they are dwelling. Thus, no matter what may be the scale of your enterprise, or the products or services… Read More

Understand the signs for need of an Inventory Management System

When I was a kid, I usually was good at solving math problems but always end up with poor grades. Then my teacher told me even though I get the correct solution the way I solve the problem is wrong so I end up wasting a lot of my time and effort and couldn’t complete the paper on time thus losing credit and my position to others. He was right. Same goes for your business… Read More

‘Lot Number’ and ‘Sales Order Return’- two specific GOIS Pro features meeting two specific business needs

Many organizations across the industries are required to manage multiple stocks inventory in an organized way. Some others require to constantly re-add the deducted stocks returned by their customers. For example, event management organizations have to manage multiple stocks inventory for managing multiple events. Further, retail stores have to re-add the deducted stocks constantly, as their customers often return the products on not fulfilling their requirements. GOIS Pro offers many unique features, which help such… Read More

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