In order to ensure your business is set up to succeed, it’s important to evaluate your processes on a regular basis. One of the most integral parts of your business is inventory management and the ability to trace your products from beginning to end.
Has your business’s inventory management been causing you a headache? Do you know if the right products will be available when you need them? Did you miss an opportunity for business when items were out of stock, or even lose money due to excess stock? If you can relate with any of these losses, your business is not reaching its full potential, and it is time for a change.
What is Inventory Management?
Inventory management is an important component of supply chain management, aiming to always have the right products in the right quantity for sale, at the right time. When this goes according to plan, businesses reduce the costs of carrying excess inventory while maximizing sales. Wholesome inventory management will help you track your inventory in real-time to streamline this process.
Through efficient inventory management, you can have the right products in the right quantity on hand, avoiding the stress accompanied by product shortage and funds tied up in excess stock.
The Most Efficient Inventory Management System for Your Business
As an expert in the X industry, have you experienced the following?
1) Lack of visibility to where your inventory is located
2) The unsettling feeling of not knowing where your products ended up within a warehouse
3) Risk of theft for in-transit inventory
4) Consignment, Vendor Managed Inventory, Inventory at a 3PL or FBA
Basic accounting solutions like QuickBooks do not provide this level of visibility or control, resulting in the use of spreadsheets for necessary tracking. This method is time-consuming, error-prone, and it is never in real-time. Additionally, QuickBooks lacks the capabilities and flexibility to provide the real-time financial, accounting, reporting, and business management information needed to make accurate decisions.
Imagine an advanced software system that not only allows you to track inventory in different warehouses and vendor or customer locations but also provides the associated data required for end-to-end traceability. This traceability opens a new door for a more hands-on business management style by allowing you to track all detailed product data, such as expiration dates and other qualitative data.
Top-Tier Business Support Beyond Inventory Management
Visibility of sales is not only critical for a better business operation–it also establishes a better relationship with your customers and employees. Software supporting multiple warehouse locations and bin locations within warehouses, along with serial and batch control, provides the control needed to address customer service requirements.
Unlike other ERP implementations, Attivo All-in-One won’t disrupt your production, profits, or operations for months on end. The implementation is highly automated, and therefore much quicker than other ERP implementations. Attivo All-in-One can be launched in weeks (instead of months or years) and includes unlimited, ongoing technical support.
Attivo All-in-One offers full access to Attivo Academy, our user-friendly training and learning platform that includes a personalized online learning system alongside a live training program to help business owners and their teams get up to speed on new systems – with ease and at their own pace.