Why choose spreadsheets when you have a better way to control your business?

Posted by ezdatasoftware12 on August 16th, 2019

Do you wish for proper management of inventory for your business? Are you frustrated with your current inventory tracking methods? Do you want a system to track your orders and manage the sales simultaneously? Do you want to save the time and money you spend on data entry? If yes, then all you need is an inventory management system and a sales management system at your business place. And to maintain a steady workflow, you need an online inventory system that helps you to access all your business tools in the same environment.

Manual Vs. Computerised System to Track Inventory

The choice would depend on the size of your business. If your business is small with very few products, then you can use the spreadsheet and perform manual inventory management. But if your business is widespread, you need to install software on your computer to enable your firm to keep an eye on the inventory levels by performing the automatic counting of inventories.

What is a just-in-time system?

It is a method of inventory management to reduce cost and increase efficiency. In simple words, it means a method where inventory arrives just on time when it is needed. JIT increases a firm’s operating efficiency and reduces waste.

How to strategically track sales deals?

To remain competitive in the market, a business has to adapt to the changing requirements of the customer. To manage sales you need software that help you to get organised by managing contacts, tracking orders, and reduce the administration time. These systems include sales forecasting, order management, and product knowledge. This increases productivity, and sales staff can use their time more efficiently and effectively.

How inventory management saves money?

It helps you by avoiding unnecessary spoilage. If you have a proper system in place, you will know how much product you have, which will help you project its demand in the market and you will never run out of stock. This helps you retain old and loyal customer which ultimately increases cash flow.

What is a cloud-based inventory administration system?

It is a system used for automatic tracking, record-keeping and designing tools to complement all the requirements aptly. It consists of barcoding features to track inventory across multiple locations. It is configured to handle high volume inventory operations.

Why use technology in your everyday business?

To run your business faster and smarter and to integrate your business, you need automation. And for automating your business, you need a proper system in place to administer daily activities which will increase productivity, efficiency, and effectiveness of your business. To maximise profits and minimize costs and loss, you need to manage orders across sales channels, which is managed by a salesmanagement system. An inventory management system helps you save your money and time whereas an online inventory system helps you to eliminate the time needed to move transaction data to the accounting system.

Now that we have explained every bit of these management systems, you are all set to leverage for your purpose.