Smash Every Sales Record with Online Inventory Management Software

Inventory management & sales seem like two separate world entities. But, these are correlated in a big way, after all, we sale whatever we have in our stock. However, there numerous studies done in the recent past suggest by investing in online inventory management Software you can amp your sales figures.

In this article, we’ve compiled five valid reasons to improve your inventory mechanism to boost the company’s revenue.

The Graph between Sales and the Carrying Costs

Automated inventory management helps you easily draw the graph between the sales and the carrying costs. From, the inventory bites away a major chunk of the company’s capital, it is imperative to calculate the amount of money you have invested in managing the stocks. A harmony between both these terms is indispensable; instead, your increasing inventory costs run the risk of taking your business in the dark world of debts. Ideally, as a smart retail businessman, it is best if you sell off the excessive stocks even at half the profit rather can keep up pilling and later throw them away.

 Prepare for the Festive Season

Is your retail business all geared up to meet the sales demands of the upcoming festive season, starting from September? The answer is probably a big “No,” perhaps this is why you will be going to lose out on many sales. With an online inventory management system, you can efficiently plan and forecast your inventory needs. The holiday season is the perfect time when you need to plan your inventory levels perfectly.

Bundling of Products

Gone are those the days of manual product bundling, which use to take hours, and even days, now this has become breeze-easy with the advent of the revolutionary IT products such as Xero inventory management software. Just input the product catalog, and then the software will provide the arrangement order. So, this way you can significantly cut down on your time and costs associated with product bundling.

Say No to “Out of Stock”

Get into shoes of an online shopper, what is the worst case scenario? Unarguably, it is the term “out of stock.” The automated inventory will make you aware of the fast-selling products so that you pile the stocks for them. On the other, I will make sure you don’t overstock the stuff which has a pretty low sale rate.

The Bottom Line

Haven’t tried the inventory management software? Talk to your connections in the retail sector for worthy guidance.

Xero Inventory Management Software Simplifying the Way Businesses Manage Stocks

Whether you are into e-commerce sector or any other retail business, investing time upfront into inventory management is the game changer.  Greater customer satisfaction is indispensable to your business success in today’s neck-throat competitive world, and this can only be achieved with functional inventory management software. By automating your warehouse, you can coherently track your stocks and sales.

In 2019, there are several top-ranked inventory management Apps, and Xero is one of them. Xero Inventory Management Software let you administrate stock in a well-organized approach. It allows you to stay top of the bottom line numbers and keep track of the stocks in real time.

Know the Sales Game

Inventory management isn’t just monitoring the stocks; it is also about understanding your top-selling products. The Xero inventory management system will provide you with the most up-to-date information when it comes to easily sell items at your warehouse. Doing so, you make ascertain that you don’t lose out on sales, owing to the unavailability of the product. Thus, goes step further lowering your business market credibility. You can translate the information obtained from the Xero tools to make the right decisions, regarding what to stock and formulating the further strategic plans.

Keep a Tap of Stock Levels and Values

The advanced functionality of the Xero online inventory management software presents you the power to manage your stocks and values on a daily basis. Xero will provide you the worth of the stocks in your warehouse in real time, using the principle of average costing. The Xero value tracking is well-suited for smaller retailers, malls and those into the wholesale business.

Managing bulk Imports with Ease

With Xero management software you can get your inventory up and move faster by the quick importing of items in bulk from the spreadsheet. The Xero software has an easy-to-use CSV template.

Cut Down on Data Entry Hassles

By investing in Xero software, you can save yourself from spending less time on manual data entry for each sale made. The invoices and purchase bills will be easily created without minimal of efforts.

Considering reaping the many benefits of the Xero management software? Then, contact emerge App, we have a panel of competent  IT experts offering tailored Xero integration based on your business needs and demands.

5 Must-Have Features To look-in when searching For Inventory Management Software

In the present neck-throat epoch of corporate struggle, manual management of inventories is a thing of past. There are numerous shortcomings associated with human-controlled inventory administration. Firstly, it is labor-intensive you need to hire dedicated professionals for this. Additionally, the odds of human errors are another factor that cannot be undermined. From these cons of manual inventory control, it is true to say that inventory management App is worth an investment to take your business forward, to stay tall against all odds. 

But, with a vast section of options for such apps, how to determine which one is coinciding to your business needs? The easy way is to jot down the below-listed fundamental Inventory Management software features you must mull over before reaching a conclusion.

1.    Simplified Inventory Management

The most essential function of any inventory management applications is the flawless governing of the entire stocks. Take your time, never the decision in a hush; carefully analyze the mechanism of the system. Ask yourself, can it help you to save precious time and money for your business, if yes, and then go for it.

2.    Quality Management

Does the inventory management application you are looking at implementing to your business model has the feature of identifying and tracking various issues that contribute to shipment delays, broken packages, and other troubles. In addition, offer assistance in terms of factor impacting the product quality.

3.  Harmonizing Supply & Demand

Catering to the demands of the customers at the exact time is a valuable feature of any inventory administration App.

4.    Forecasting & Planning

Any dependable inventory management App will let determine the viability of opening a warehouse to target a potential local market, thus improving sales efficiency.  So, you can accentuate your business services on the back of forecasting and planning recommendations from the software.

5.    Inventory Reports

You can term this as the elemental feature of any reliable inventory management App. The software will itself generate detail reports, based on the scheduling. The report will cover a variety of aspect that spans, from the stocks availability to the sales forecast.

So, to boil down, investing in an inventory management App will let you reap the many benefits of automatic inventory administration, improving on profits and most importantly reduce the complication of various processes when you have a warehouse.

Why your E-commerce Business Needs to Invest in an Online Inventory Management System?

While, the prospect of setting up an online store is far more lucrative compared to any other business venture in the 21st century, but it has its fair share of challenges. The often undermined aspect when running an e-commerce retail business is inventory management. It is perhaps next to impossible to determine how many sales businesses miss out owing to poor administration of stocks, and the amount of wastage is also significant. However, to the good fortune of many, those are planning to take a plunge into the e-commerce industry is that the IT sector over the decades to come with a solution to the above problem, the online inventory management system. It is automated software that monitors, record, and analysis every sale made, news stocks roped in, simply an effective means to manage your stocks. But, you probably be wondering, what are the practical benefits that can motivate you to invest in an e-commerce inventory management system? Here is the answer-

1.    Improved Efficiency

Having better control over the in-and-out flow of the stock would mean improved efficiency of your employees and business on the overall. One can keep track of the fast-selling products and maintain their stock in abundance so that you don’t have stock problems. Determine the stuff those are nearing the expiry date, thus enabling your sales team to make necessary efforts to wind them up or send it back to the company.

2.    Eliminate Human Error

A decade back inventory management was largely done manually; not only then it was time-consuming but at the same time involved several human blunders every now and then that proves to be costly. No matter how good you at mathematics, whether you run a small retail outlet or a mega online store, smooth flow of inventory is what makes the substantial difference.

3. Understand the Stock Figures

Well, you may be a qualified accountant, but when it comes to physically manage the stocks of top brands it is a complicated process. However, you can get the burden off your shoulder by having inventory management App that keeps a tap on the entire sales pattern. The figures will be analyzed efficiently to help your business gain a competitive edge over its market rivals.

To Wrap This Discussion

After going to the above you probably got an idea of how inventory management software can be the game changer you are seeking after.