Inventory Management Software
1. Time savings - Instead of spending hours manually auditing and tracking inventory on a periodic basis, automating your inventory management with software can help provide a dynamic look at your business. As a result, you won’t keep customers waiting on their sales orders, which could result in poor customer experience and lost business.
2. Cost savings - According to the 2018 National Retail Security Survey, 21.5% of inventory “shrinkage” — i.e. lost inventory — results from administrative and paperwork errors during the data-entry process.
3. Budget and forecasting - Real-time data helps you make business decisions about purchasing and sales. You can easily discover which products your customers love and which suppliers are slow to deliver.