Inventory Management Software

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Inventory Management Software

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Contact Us: M: +91 9611 171 345 Inventory Management Software Copyright Reserved 2019 SalesBabu Business Solutions Pvt Ltd. Website: www.salesbabu.com Email: salessalesbabu.com With digital technologies on the rise we have to be well prepared for our customer requirements and manage our inventory accordingly. In today’s world “out of stock” message for a customer means losing them until the next time they might visit our products again. At the same time having an excess of stock for similar products also reduces our business profitability and revenue generation. In other words in today’s competitive world we need to have a well balanced inventory management to have a smooth and profitable business strategy. Gone are the days where inventory could have been managed using exceelsheets and card system. Now a days we need to be well aware and proactive in maintaining our stocks to pace up with the growing customer market. The best inventory control software like SalesBabuCRM will be a one stop solution for sales to inventory management requirements.

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Contact Us: M: +91 9611 171 345 What is an Inventory Management Copyright Reserved 2019 SalesBabu Business Solutions Pvt Ltd. Website: www.salesbabu.com Email: salessalesbabu.com An inventory management system is a process of tracking goods movement into and out of a company’s locations. These processes cover everything from production to retail warehousing to shipping of products and all the movements of stock and parts in and out of organisation premises. In other words it means as a business you can see all the moving stocks for your operations allowing you to organise and take better decisions on investments for your products and spare parts.

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Contact Us: M: +91 9611 171 345 Type of Inventory Management continues.. Copyright Reserved 2019 SalesBabu Business Solutions Pvt Ltd. Website: www.salesbabu.com Email: salessalesbabu.com Manufacturing inventory management software The manufacturing inventory software work around manufacturing parts and bills of materialsBOM. Inventory management at this point will be helping in : ● Materials tracking ● Inventory levels for parts and finish products ● Automatic reordering ● Integrations with ERP or maintenance software Warehouse inventory management software Warehouse inventory basically deals with in-house or in-shop stock management. ● Stock maintenance levels ● Multiple location support ● Stock quantity tracking systems Retail inventory management software Retail Inventory management system comes next to manage and organise their orders items before they become fully sold out. Robust inventory management systems can help organisations to strike a balance of ordering products to be able to sell adequately and not ordering more which cannot be sold.With these advanced levels of inventory management foresight businesses can capitalize on its sales opportunities and improve revenue generation for the organisation. A lot many other functionalities apart from some these basic ones will help in your retail inventory management. ● Order picking support ● Automatic reorder ● Inventory forecasting tools

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Contact Us: M: +91 9611 171 345 Challenges of Inventory Management system Copyright Reserved 2019 SalesBabu Business Solutions Pvt Ltd. Website: www.salesbabu.com Email: salessalesbabu.com An inventory management system software has its own challenges in managing each spare part raw material final products and delivery deadlines. The main thing to understand here is with a well organised and systematic system for tracking your inventory can still cause you some errors and mismanaged product deliveries think of a situation where you dont implement an inventory software for your system at all. Hence it’s very critical for your business to maintain a good stock inventory software system which can keep a track of all of the essential goods they need to sell to customers on a daily basis. Also when products are sold they must be documented clearly and refilled to maintain a healthy balance between overstocks and stockouts. The supply and demand change is not constant and there are wear and tear cases with mishandling changing seasons and course of product life cycles. Inventory and order management system should make sure that regular checks are done to regularise the old stocks and move them faster before a damage happens to organisational property. Along with different units of measurement and measuring criterias in various countries is also a cause of concern to many product delivery businesses. We need to abide by laws and taxation rules of each country to make sure safe and secure delivery of our end products.

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Contact Us: M: +91 9611 171 345 Advantages of an Inventory management software Copyright Reserved 2019 SalesBabu Business Solutions Pvt Ltd. Website: www.salesbabu.com Email: salessalesbabu.com Basic Inventory Control The basic requirement of the best inventory management system is to create an organised process of handling inflow and outflow of products in the organization. Most of the traditional organisations will handle their regular inventory management using spreadsheets which might be beneficial in the initial stages of the sales process but as the firm grows with the incoming flow of customers and product delivery it needs to quickly shift to a more systematic method of inventory management. Studies from SBA.gov shows poor inventory management is one of the top eight reasons why small scale ventures fail. Basic inventory details like the product and respective vendors data Bills of materials BOM for spare parts and raw materials challans and Goods Receipt noteGRN are all needed to keep a healthy state of inventory in the firm and maintain a constant revenue generation in the business.

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Contact Us: M: +91 9611 171 345 Advantages of an Inventory management software continues... Copyright Reserved 2019 SalesBabu Business Solutions Pvt Ltd. Website: www.salesbabu.com Email: salessalesbabu.com Demand Forecasting Demand and supply chain is an important part of revenue generation. Overstacking or out of stock situation in the business is a major reason for loss for business operations. As business leaders and sales heads proper information regarding product demand and supply status needs to be available to perform best in the market. Inventory control software provides a lot of in-built metrics and data statistics to drill down into the attributes of your sales and fetch important information to keep more accurate levels of inventory and make better foresight decisions about what and how much to buy which will strike a balance between our sales cycle.

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Contact Us: M: +91 9611 171 345 Advantages of an Inventory management software continues... Copyright Reserved 2019 SalesBabu Business Solutions Pvt Ltd. Website: www.salesbabu.com Email: salessalesbabu.com Centralized Data Storage Mismanaged inventory handling is one of the key reasons for business failures. With every growing business we need to track more no. of products numerous vendors and an endless raw material list with incoming and outgoing product bills return slips and other sales details. Doing it manually is a very inefficient and non productive way of inventory data storage. Stock management software like SalesBabuCRM provide cloud based centralised database to store every detail of our inventory handling starting from products vendors various purchase and return bills delivery challans and more. With this centralised database every information is documented properly which gives a systematic system of tracking and maintaining our inventory details.

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Contact Us: M: +91 9611 171 345 Advantages of an Inventory management software continues... Copyright Reserved 2019 SalesBabu Business Solutions Pvt Ltd. Website: www.salesbabu.com Email: salessalesbabu.com Efficient stock operations Regular customer updates on stock availability and the product delivery are the need of the hour in the current economic market. With a centralized database of inventory details employees need to spend less time in fetching details on each product and its delivery status. Smart and efficient inventory management system like SalesBabuCRM act as a pillar of any retail business by providing end-to-end support for every sales and inventory requirement in the organization.

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Contact Us: M: +91 9611 171 345 Advantages of an Inventory management software continues... Copyright Reserved 2019 SalesBabu Business Solutions Pvt Ltd. Website: www.salesbabu.com Email: salessalesbabu.com Warehouse Management System Check stock level manage inter-warehouse transfer and generate reports for specific warehouses with few clicks in a few seconds. With Online Warehouse inventory management software at our fingertips businesses can track its stock level inter warehouse transfers inflow of products reports on warehouse up-keeping and many other useful features without any hassle and provide a better customer support system for the organizations. On time Delivery Well organised customer data product information reminders for product delivery dates vendor contact information and other details are useful to maintain and track product delivery status and take proactive measures to remove any hindrances for on-time delivery for products for our customers. One of the biggest advantages of an inventory management system is to improve product delivery statistics for the organisation.

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Contact Us: M: +91 9611 171 345 Conclusion Copyright Reserved 2019 SalesBabu Business Solutions Pvt Ltd. Website: www.salesbabu.com Email: salessalesbabu.com The best Inventory management software acts as a bridge between product demand and on time delivery to its customers. An inventory management software for small business helps to resolve and strategies all the inventory challenges such as raw material shortages carrying costs and supply chain disruptions and regularise product and revenue generation for an organisation.

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Contact Us: M: +91 9611 171 345 Thank you for Visiting Us Our Address SalesBabu Business Solutions Pvt. Ltd. No.38/11 3rd Cross G Block Sahakarnagar Bangalore – 560092 Tel: +91 9611 171 345 Mobile: +91 9341 323 571 E-mail: salessalesbabu.com Website: www.salesbabu.com Copyright Reserved 2019 SalesBabu Business Solutions Pvt Ltd. Website: www.salesbabu.com Email: salessalesbabu.com

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