When you're a product-based company, your stock is the heart of your business. Are we really working hard on maintaining our heart healthy? Are the stock levels controlled? Are you aware of your suppliers whose stock is slow moving? What is the % of your dead stock? How many customers have you lost due to non-availability of the fast moving stocks? We discuss on strategies to increase sales, what about reducing our
Here are a few reasons why stockmanagement software is crucial for retailers:
1. Maximize scalability
Developing a scalable business model relies heavily on the systems you've implemented. Manually entering stock in excel sheet documents is not scalable. Emailing and calling your employees to figure out how much stock you have on hand is also not scalable. Spending any extra spare hour you have analyzing data from multiple locations is most certainly not scalable for business nor your personal well-being. And as your order volume grows, all of these stale "systems" you're running today will break. If you want to scale your business, taking the time today to move to automated systems will enable you to gather information faster and make smarter decisions for the future.
2. Decrease human error
Manual entry of stock in excel can often open opportunities for human error, leading to overselling or underselling. Whether there’s one or 20 people on your team, it’s important to make sure everyone is using the same calculations. Think about how many times you've recounted stock.
3. Save time
With automated stock tracking and reporting, you'll save hours of manual entry. Automated stock management and reporting, helps you save time and enables you to gain accuracy about your stock position.
We must consider Stock Management Software as a tool for growth.
Here are a few reasons why stockmanagement software is crucial for retailers:
1. Maximize scalability
Developing a scalable business model relies heavily on the systems you've implemented. Manually entering stock in excel sheet documents is not scalable. Emailing and calling your employees to figure out how much stock you have on hand is also not scalable. Spending any extra spare hour you have analyzing data from multiple locations is most certainly not scalable for business nor your personal well-being. And as your order volume grows, all of these stale "systems" you're running today will break. If you want to scale your business, taking the time today to move to automated systems will enable you to gather information faster and make smarter decisions for the future.
2. Decrease human error
Manual entry of stock in excel can often open opportunities for human error, leading to overselling or underselling. Whether there’s one or 20 people on your team, it’s important to make sure everyone is using the same calculations. Think about how many times you've recounted stock.
3. Save time
With automated stock tracking and reporting, you'll save hours of manual entry. Automated stock management and reporting, helps you save time and enables you to gain accuracy about your stock position.
We must consider Stock Management Software as a tool for growth.
YRC is a Management Consulting Company with head office in Pune, India. We work across 03 verticals, Startup, SME & Corporates. Our expertise lies in developing Standard Operating Procedures (SOPs) for companies and helping them organize and expand. We have a cumulative experience of more than 15 years. Our holistic approach helps us to devise the best of the management practices for the organization.
