But what Is the Big Deal with Inventory?
Better yet, why is its management so important that you would require investing on purchasing inventory software? Here is an illustration.
Let us assume that you are selling cheap phones, and you have converted your garage into a mini-warehouse and office to save on rent, so you do not need to charge it to your inventory. However, since you have to ensure that all the goods continue to be in perfect condition once they are sold and that they are safe from theft, you tap on your local surveillance company that charges you around $200 a month.
Phones are sensitive so you also have to install an air-conditioning unit, which increases your utility bill by 5%. On the average, a phone stays as an inventory for about a month before it gets sold.
If you do not use purchasing management software, any of the following may happen to you:
What the Purchasing Inventory Software Can Do for You
One of the biggest reasons to use purchasing inventory software is to let you manage this very important aspect of business more efficiently.
You now get to charge the right costs for inventory, but you can also keep track of its flow. The software can work alongside other accounting applications for a more cohesive and accurate reporting and picture of the health of your business. Moreover, the software supports your business goals by ensuring you have the right ROI figures.
Using the purchasing management software also automates the process, decreasing time spent on routine tasks. Less time means less use of resources, and that translates to significant savings for the business. Hence, investing on this type of program is a truly win-win decision.
Automate your purchasing process today and have more time leading, marketing, and building revenues and cash flows. Invest in customizable purchasing management software http://bellwethercorp.com/web-based-series/ from Bellwether. When you invest on its purchasing inventory software, you also invest on the company’s over 28 years’ experience in requisition and purchasing management.