Do you have trouble controlling the inventory in your business? Don’t worry, you’re not alone. Inventory control systems can help solve your inventory management issues. Please read below for more.
Inventory control is all about effectively managing where your stock is and what condition it is in. It also takes into account when the stock will arrive and depart your warehouse.
Although inventory control and inventory management look similar to each other, they are not the same. However, they are closely related.
Inventory control ignores some aspects of inventory management such as purchasing, production, sales, and reporting. Inventory control can be considered a part of your inventory management system.
Inventory control is one of the most important parts of inventory management as it connects the basic e-commerce components such as customers, sellers, sales channels, and shipping carriers.
It’s an automated solution that eliminates most of the daily tasks of the marketer. Here is how inventory control systems work.
- Improves the efficiency of your daily tasks
- Automates inventory management
- Consolidates the inventory management process
- Allows for multiple shipping carriers
- Allows for multiple sales channels
Improves The Efficiency Of Your Daily Tasks
The average retailer has to go through the same tasks every day when running their business. Stock check-ups, inventory updates, shipping details, pricing, damaged products, refunds, and tracking are some of these tasks.
A good inventory control system will automate most of these tasks and save time for the retailer. When you simplify your business by eliminating time-consuming tasks, you can stand out from the rest of your competition.
That’s how an inventory control system can help your business.
Automates Inventory Management
Manual inventory management is a time-consuming and complex task. You should use an effective inventory control system to automate most of these tasks.
These tools will automatically track and update the stock levels of your business. The system will automatically adjust your stock level as soon as you sell an item.
You don’t need to track everything manually when you have a good inventory control system working for your business.
Consolidates The Inventory Management Process
A good inventory control system will offer a centralised inventory feature to facilitate changes made to your stock.
When you are working on different sales channels, you do not have to switch from one account to another due to this feature. You get the option of managing all of your stores from a single software system due to this reason.
That’s how a good inventory control system can assist you to run your retail business.
Allows For Multiple Shipping Carriers
A good inventory control system will let you work with multiple shipping carriers. It integrates some of the most popular shipping carriers in the region to facilitate your business.
Once you receive an order, you only need to click on the chosen shipping carrier and the software system will do the rest for you. Your stock level is automatically updated with such a system.
That’s why you need to invest in a quality inventory control system for your retail or e-commerce business.
Allows For Multiple Sales Channels
An effective inventory control system has numerous types of integration with different sales channels to automate your workflow. It will let you connect all these channels to create a perfect workflow.
You can fulfil any of the orders using one dashboard.
Inventory control systems come with many benefits for your e-commerce and retail businesses. With a host of inventory control software solutions on the market, choosing the best product isn’t easy.
If you would like to know more about the best stocktaking solutions and how the right set of software and point of sale systems could help you, give us a call.
Our team would be happy to discuss your needs and to help you build new, more efficient workflows that will support the best operation of your warehouse or store.
We have the right tools for companies of all sizes and will work to accommodate your business, supplying you with technologies that are tailored to suit your business to help improve your efficiency and accountability.
We are the market leader when it comes to the development of customised and packaged solutions.
This includes Inventory Management, Portable Barcode Readers, Supply Chain Management, Time and Attendance and Asset Tracking to name but a few.