Companies that aren’t using an automated inventory management system to stay on top of their inventory status run the risk of overselling and angering customers with long wait times for the items that they want. These days, sales are coming from several sources at the same time and it’s essential to have an inventory management system that can keep up.
Why Always Having Accurate Inventory Counts is Important
If you’re selling online and at a retail location, you must have an integrated system that tracks your inventory in real-time in order to avoid overselling. Customers will cancel orders if they have to wait too long for a product because that product was oversold. Switching to an automated inventory management system will give you the kind of up-to-the-minute inventory metrics that you need to ensure that you always have enough product in stock.
When you are using a manual inventory tracking system you will have to do inventory counts multiple times throughout the day. That might be an efficient way to run a small retail operation but when you’ve got a warehouse full of goods and you can’t spend all day counting items, or can’t spare an employee to do it, having an integrated inventory management system is the best way to keep your inventory count accurate throughout the day.
Having an accurate inventory count at all times will prevent the problem of over ordering and make sure that you don’t end up paying for the cost of goods that you don’t need to have in stock. It’s always tough to find a balance between keeping enough items in stock and not buying too much stock, but it is a line that every business owner needs to learn to walk. It is a lot easier to walk that line with an automated inventory management system that will keep your inventory numbers accurate in real-time.
It is always important to maintain enough inventory. But it is especially important to anticipate orders and get real-time updates during busy seasons. If your inventory count is too slow you could lose out on thousands of potential sales when people are shopping online. This year more people than ever are shopping online. That means that your inventory numbers must be up to date and accurate so that you can have enough stock to meet the demands of customer without buying too much.
In the current economic climate, businesses need every advantage they can get to stay afloat. Smart business owners are switching to automated inventory management systems to both protect their employees and boost their sales. If your business gets left behind it won’t be able to keep up with the businesses that are using streamlined systems and automated processes to make their businesses run faster and more efficiently. Once you see the benefits of having real-time, updated metrics and inventory counts you will see why an automated inventory system makes sense for every business.
Automated Inventory Management for SAP Business One and Macola Software
An automated inventory management system ensures that you have accurate inventory counts at all times. Contact us today to learn more about improving your inventory control using an inventory management system for SAP Business One and Macola.