Benefits of Using Inventory Management Software

Are you managing the inventory of your store manually and wondering if you should opt for one of those inventory management software that's available widely in the market? Yes, you definitely should because it offers loads of benefits. Just have a look at some of those benefits.

Empowered workforce

An effective inventory management system will arm you with a barcode scanner and an in-depth knowledge about how much inventory you have and where it's located. Once you receive an order, it becomes very easy for the employees to find the right product and pack them. Also, each and every aspect of the inventory management system will be streamlined and simplified.

Affordable

As the processes will be streamlined and employees will be empowered to perform well, inventory management software will help you save on storage costs, carrying costs, overstocks and other unnecessary costs. Moreover, you will also stop loosing money by avoiding overselling of the products.

Quick shipping

When you have an inventory management software and you receive multiple purchase orders, you still can ship them quickly because the system will tell you where exactly the inventory is and how much of it needs to be shipping. Again, quick shipping translates into quick delivery and better customer service. All this is not possible if you aren't using the software.

Effective planning

With the help of inventory management software, you can predict the right level of inventory that you will require – eliminating the chances of facing out-of-the-stock situation or oversold situation. The software will offer you important insights into hot-selling items and upcoming trends through graphs, charts and spreadsheets.

Warehouse management

Whenever you receive an order, you won't have to hunt through the website to look for the ordered products. The software will offer you detailed information, including where the product is and on which shelf. Based on this information, you can put low-selling items farther while hot-selling items closer to aid in the shipment process. You can even put two products together if they generally get sold together.

Higher ROI

Through inventory management software, you are eliminating the scope of human error while streamlining the entire process. This in turn will reduce the wastage of resources, leading to higher ROI and business performance.

Although all inventory management software offer you several benefits, it doesn't mean that all of them will work for you. Keeping your business requirements in focus, you should look at each and every feature offered by the various software.

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How to Track Inventory in Multiple Locations

As the size of inventory increases, management becomes complex and convoluted. The problem becomes more severe when you have to expand the warehouse facility and manage multiple warehouses. If you don't have a proper inventory management system in place, you will never know how much of inventory is stored in each of the warehouse locations. So in this kind of situations, an highly advanced inventory system that helps you in warehouse management is a must. Ideally, a flexible inventory management system will help you:

• Check inventory levels of each products at each location with a click
• Integrate shipping options such as UPS, FedEx and USPS
• Transfer bulk of items from one warehouse to another in case of shortage or excess
• Monitor short-term as well as long-term trends, leading to optimum inventory decisions
• Streamline shipping and ordering processes for both customer orders and supplier orders
• Utilize wireless barcode scanners to order, receive and cycle count inventory for each location
• Update information about inventory, orders and shipment real time across the board
• Update relevant information in all other locations, including Quickbooks and Microsoft Dynamics

If you scour the market, you will find several inventory management software but not all can offer the above mentioned features. Kaushalam's inventory and order management system will offer the most advanced features over and above the functionalities mentioned above. Our software will offer convenience, reliability, efficiency and sophistication.

If you wish to know what else our inventory and order management software can offer you, contact us. Pronto.

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