ERP System automation

Unlock the value in quotes and turn them into sales with automation

Running a successful and competitive business isn’t easy (or cheap), so it’s important to find value wherever you can.

There are many different ways managers try to add value and profit to their business: pricing better, buying better, cash control, speed to market… The list goes on.

In my experience though, the place that most value is locked up in is the place most likely to be overlooked: quotes.

Many inventory-based companies provide a significant number of detailed quotes. While a lot of effort goes into compiling the quotes, less emphasis is put on following them up, due to time or staffing constraints.

Your follow-up process doesn’t need to be complex or time-consuming. Something as simple as using an ERP system to automate an email could immediately multiply your revenue opportunities.

You miss 100% of the sales you don’t follow up

Maybe read that heading again, and reflect.

It doesn’t take much to be able to see the potential value in your quotes – just some simple math. Take the example of one engineering company I’ve worked with.

Their average quote size was around $3000, and they had three staff members, each processing approximately 30 quotes a day.

Now for the math:

3 salespeople x 30 quotes each x 5 days a week x 52 weeks a year x $3000

If you don’t have a calculator handy, I can tell you that that’s just over $70 million worth of quotes a year.

However, their annual turnover was $10 million.

So, how does this happen?

It’s common to break quotes up based on their value:

  • Average (common, every-day quotes)
  • Good (decent sized, semi-regular quotes)
  • Great (the rare, high-value quotes)

Most businesses will put effort into following up the great, and sometimes the good, because they offer more individual value. But most of your annual revenue will be made up of the average sales – so why not put in the same level of effort to chase these?

The major issue holding businesses back from pursuing these regular every-day quotes is time. Sales staff are only human – when they’re processing a high volume of quotes each day, they don’t have the time to follow them all up individually.

But like our earlier example shows, this could be causing a huge gap between the sales you could be making, and the sales you are currently making.

automation in the warehouse

Not following up all quotes could be holding your business back from growth

Get time back on your side

The habit of only following up high-value deals is a practice that stems from building processes that centre around current or expected revenue, rather than possible revenue.

But when you break it down and see the difference between quote value and sale value, it’s pretty easy to see that simply following up more quotes – no matter their value – can easily equal more sales.

Let me cheat a bit and restate the heading I used earlier: You miss 100% of the sales you don’t follow up

But how do you achieve this without more staff working longer hours?

The answer is automation.

Workflow automation allows you to automatically follow up every quote, without any extra burden on sales staff. Do this and you multiply your chances of customer re-engagement.

By automating a quote follow up email, you’ve automatically increased your chances of making a sale for no extra effort.

An investment in an ERP system is an investment in value

This type of automation capability is possible through an ERP system. ERP captures a variety of important customer data for you that you can then use to improve your service by not just automating, but customising a follow-up response.

A customised email is proven to be more engaging than a generic one. When it comes to your customers, no one size will fit all. Using an ERP system, you’ll be able to customise your follow-ups by:

  • Time
  • Customer
  • Product or service
  • Quote size
  • Next step

After a customer gets a quote, they sometimes decide they’re no longer interested or would prefer to go elsewhere. But often, it’s simply that they have become busy and forget. Or they need more information. Or just need a little bit of a push.

If you don’t follow up, you never know what could’ve been and leave money on the table for your business. If you do follow up, you’re maximising the potential value in every single quote. Your opportunity for increased revenue has multiplied considerably, and your investment in ERP has just paid for itself.

And on top of the increased profit opportunities, you’ll ensure:

  • Your customers get a better, more customised and relevant service;
  • Your costs remain low because everything is automated;
  • Your staff will have more time to focus on high-value work.

You can’t invest in more time, but you can invest in better systems. Discover if an ERP system is the right move for you by downloading our free ERP automation eBook here.

If you’d like to learn more about the value of ERP implementation, click here to contact HARMONiQ.

 

Author bio:

Drew Arthur is the Managing Director of Micronet Systems and is focused on helping business leaders overcome inefficient sales, inventory, and customer relationship management practices by leveraging cutting edge technology. If you want to gain better control of the inventory management in your business, click here to organise a demo to see how HARMONiQ Business Tuning Software can make a difference to your business.

Data-driven decision making through an ERP

Improve decision-making through data insights with ERP software

One of the biggest benefits of ERP software is the access and visibility that it gives you to your business data.

Whether or not you use ERP software, you will have lots and lots of data floating around your business. But only with an ERP system will you be able to easily and accurately utilise that data to improve your decision-making and business outcomes.

Learning from your experiences (and mistakes) is one of the best ways to improve – but if you can’t clearly see what has and hasn’t worked for your business, you won’t be able to improve.

The more you see and the more you know, the better decisions you can make – and the faster you can grow your business.

Overlooking data is overlooking opportunities

Without being able to view, analyse and report on your data and processes, you’re running your business blind.

You’re missing out on the easiest and cheapest way to improve your business procedures and future decision making – your existing business data.

Without the proper system in place, you’ll be left in the dark about:

  • Customer buying habits
  • When to order stock, and how much
  • The performance of different locations, or productivity in relation to expenses
  • Opportunities to improve efficiency in
  • Sales performance by location or date

Not having a clear view of what is working well, what isn’t, and the opportunities that are there for the taking can cost time, money and growth opportunities. And if your competitors are doing it better, you won’t be able to keep up.

NEED:

One of the reasons it’s so difficult for businesses to utilise their existing data is because accessing and interpreting it can be incredibly hard.

Disparate systems mean data is stored all over the place – and it’s not always accurate or easy to access. This can be rectified through:

Integration

By having all your systems speak to each other (and to all your staff), data can be easily shared and communicated. This means no searching for it and wondering if it’s accurate – it’s centrally located and can’t be tampered with.

Automation

Automation capabilities mean data can be collected and collated automatically, removing human error. It also makes it easy and quick to run reports and undertake analysis of data from all over the business without having to put in any extra effort.

These two features help turn confusing data into useful information – information you can use to improve and transform your business.

Turn your data into business-changing information with ERP software

Lots of data can be overwhelming, but when you have a way to organise it into organised information you can use it to your advantage.

An ERP system can not only allow you access to data, but makes it meaningful – allowing you to get new insights into your business, your inventory and your customers.

ERP software integrates your systems and automates your processes – and records everything along the way, for simple and easy access to business insights. By using these insights, you can make clear decisions about stock, management, sales and more.

For more information about how ERP software can revolutionise your data and improve your business decision, download our free ERP Automation eBook here, or visit the HARMONiQ home page.

Automated workflow software

What is workflow automation software – and why do you need it?

Workflow automation software immediately sounds like something confusing and complex. But in reality, it is something quite the opposite.

Workflow automation software works to simplify and control complex business processes, by integrating systems, automating processes and carrying out certain rules.

One of the biggest costs to inventory and distribution businesses is lost time and stock, through inefficient and unproductive processes.

By eliminating and automating time-consuming, confusing and inaccurate tasks, you immediately save your business from these costs.

Are you losing more time than you can afford?

Do any of these sound familiar?

  • Many business processes take a long time – and have to be repeated over and over again for each order, delivery, and invoice.
  • Data is inaccurate because it’s too old, or someone has manually entered it incorrectly
  • Training new staff is difficult and time-consuming, and business is slowed down during these times
  • You don’t have visibility over the entire workflow, and teams don’t have visibility over what each other are doing

These are all signs of a manual and unintegrated system. It’s inefficient and it drains productivity with repetitive, error-prone tasks, no strict process rules and confusing communication.

When it comes down to it, time is money, and overall these inefficient practices will cost your business and see you fall behind competitors.

Create time-saving rules with workflow automation software

The reason a lot of these problems happen is because of one basic idea – there are no clear process rules in place.

Sure, you might have told and trained staff on how to do things and have general business ‘best practice’. But this can be taken to a whole new level with automation.

Workflow automation software allows you to easily streamline tasks and ensure they’re uniform across the business. It allows you to set the rules – and then enforces them every single time.

So, what does this look like?

  • Every task can only be carried out one way – the way you set it up to be
  • You can schedule updates and communications to teams and customers in advance
  • Data is stored in a central system for access and accuracy
  • Thanks to point one, training becomes simple and stress-free
  • You have full visibility over all processes being carried out

When you can see the entire workflow, you can recognise and minimise errors, and people across the business can improve outcomes.

Workflow automation takes processes that usually take expertise and close management and automates them – saving time, money and mistakes.

Start embracing the benefits of automation

Workflow automation software is helpful for all businesses but essential for those with manual, multiple or confusing processes. As well as those trying to grow.

Through workflow automation software you can immediately:

  • Reduce tedious manual tasks
  • Improve communication
  • Reduce data inaccuracies
  • Remove reliance on paper and find things more easily

The beauty is, the more you use it the more uses you’ll find for it.

Workflow automation software is how many businesses, regardless of size, are improving their business management. From managing stock to sales and everything in between.

To find out more about whether workflow automation software is the right answer for your business, download our free ERP Automation eBook here, or visit the HARMONiQ home page.

Process automation software

What is ERP software and why does your business need it?

Many businesses now swear by ERP software – and there’s good reason for it.

ERP software has the power to help you manage your business, and your growth, more effectively. By making every-day business processes easier, it enables you the time and capabilities to run a better, bigger and more successful business.

But while it can be a big advantage, ERP systems are also a big investment and commitment. So, before making your decision, it’s important to understand – why is it worth it, and why do you need it?

Has growth stalled in your business?

If, like many businesses, your goal is growth, you’re likely to struggle without some sort of automation software.

You might think “but my business has been growing”. That’s very common of those who invest in ERP software. When businesses are experiencing growth they often come to 2 conclusions that lead them to consider an ERP System. Firstly, they could be growing at a faster rate. Secondly, their processes are not keeping up with their growth.

There are some obvious clues that can mean you’re struggling with your current process and are being held back from faster business growth:

  • Your current systems can’t support complex tasks, forcing your team to complete them manually
  • You can’t access data quickly and easily, and you can’t ensure it’s accurate – leaving you in the dark or relying on historical data
  • You lack the resources to support your growth and have had to rely on band-aid solutions like system add-ons and temporary staff

These factors might not completely stop growth or everyday operations, but they’ll certainly slow them down and increase your chances of mistakes and poor service.

A quick fix won’t go the distance

Your business isn’t a short-term venture, so your solutions shouldn’t be either. Multiple, smaller, ‘band-aid’ solutions can make the problem worse, by further isolating processes and information.

You need an answer that isn’t a quick fix, and that can help business-wide.

ERP software offers the power of automation to deliver one integrated, powerful, and flexible solution that will:

  • Free up time through automated tasks and processes
  • Give instant access to accurate data, to and from the entire business
  • Give full visibility of workflows
  • Acts as an extra resource (or several of them), automating tedious manual tasks
  • Make light work of complex business processes

ERP software is the all-in-one solution

Utilising technology to simplify tasks is the new norm. It isn’t taking over jobs – it’s making them easier, more focused and providing more value.

ERP software is the total solution, strengthening processes across the business for better collaboration, organisation and ultimately, growth.

With the right ERP software and supplier, you can achieve true scalability, flexibility, and customisation. That means that as your business grows and changes, you won’t outgrow your software.

And, you can choose which capabilities are the most relevant for your business – without over-confusing yourself or your staff with irrelevant features.

The question is not, do you need ERP software, but more, what will you do with it?

To get a better idea about the capabilities of ERP software and how it can work for your business, download our free ERP Automation eBook here, or contact the HARMONiQ team.

Automated warehouse system

5 benefits of installing an automated warehouse system

Automated warehouse systems are made to make nearly every aspect of your business easier.

Complex inventory-heavy businesses with high volume distribution can easily find it hard to keep on top of everything. And when you can’t efficiently control your stock, you run the risk of losing time, money and ultimately customers.

An automated warehouse system streamlines workflows and integrates your systems to ensure cohesive information across your business.

And because of their extensive and customisable capabilities, they are able to deliver a wide range of benefits regardless of industry or business size.

5 ways you’ll benefit from warehouse automation

Cost Savings

Inventory-heavy businesses can easily cost a lot more money than they need to. High stock costs, poor ordering decisions, required overtime for employees – the costs add up. By utilising warehouse automation, you can decrease or completely eliminate costly elements of your business. Say goodbye to stocktake, deadstock lines and tedious manual tasks.

Improved efficiency

Tasks can be slow when your systems aren’t integrated. There are constant verbal and written communications required, swapping between systems to access data, and tasks handed from person to person due to a lack of clear process. An automated system removes these inefficiencies, streamlining and automating all processes while integrating systems to talk to each other. This provides wider business visibility and accurate access to your business data, meaning you can make data-driven decisions for your business.

Increased Productivity

When processes are manual or only partly automated, staff can spend a lot of time on tedious, time-consuming tasks. By utilising an automated system to do the onerous tasks, you free up staff to focus their time and attention on doing the aspects of their roles that are most valuable for the business.

Minimise error

Like we just mentioned, staff are often stuck completing tedious tasks. Repetitive or highly manual things like data entry, stocktake or checking invoices increase the risk of human error. An automated warehouse system can not only do these things for you but can also pick up errors and alert you to them. This saves time and money but also legitimises your data to be used across the rest of the business.

Higher level service

After the ordering, the management, the pricing… the last stop is the customers. Although an important part of business, they can often be a casualty of inefficient business processes. Through automation, you can improve your customer service through communication (follow up emails and quotes), stocking (using data to identify buying trends and stocking appropriately), and service (clear communication between sales and warehousing means a heightened ability to sell well).

Discover the benefits of an automated warehouse system for yourself

Many businesses have decided to make the move to warehouse automation, recognising the considerable benefits it brings to their business.

When you choose the right system and provider, you should begin to see the benefits – and the return on your investment – almost immediately.

And, by choosing a flexible and scalable system, you will be supported through periods of growth well into the future, without having to change or upgrade your system.

Implementing an automated warehouse system comes with many benefits, but is also a big decision. To get more information about whether it’s right for your business, download our free Effective Stock Management eBook here.

Automated warehouse system

Is your business suited for investing in an automated warehouse system?

Big businesses have been utilising automated warehouse systems for some time now to help them better process their large inventories.

However, thanks to software development and customisation capabilities, these systems are now being effectively used by businesses of all sizes.

Complexities of inventory and distribution businesses of all sizes can drive costs up and productivity down. This makes these businesses ideal candidates for an automated warehouse system.

If you’re one of them, read on to find out why an automated warehouse system could be a smart investment for you.

The hidden cost of inefficient warehouse management

Relying on a mix of automation and manual processes, unintegrated systems and data silos is pretty common in inventory-heavy industries.

And when you’re used to running a business like this, it can be harder to see the inefficiencies it causes – it all becomes part of business.

But in truth, inefficiencies in your business can cost you in all sorts of ways:

  • Reduced staff productivity
  • Lost and misplaced stock
  • Inability to remain competitive
  • Bad ordering decisions and slow ordering rates
  • Poor service

When your warehouse system isn’t fully automated, you’re always on the back foot, with no visibility across your business, your stock or your customers.

Help your staff do their job better with warehouse automation

If you struggle with any of the above, it could pay to look and your system to see if it’s optimised for efficiency. If not, an automated warehouse system could help your business and your bottom line. Help your staff do their job better with warehouse automation

Automated warehouse systems help by automating a lot of the processes that take time and effort – and are prone to human error.

While some mistake it for replacing jobs, it’s actually a solution that makes jobs easier for the people doing them.

Reduce stock management and stocktake

By automating warehouse inventory, you’ll know what is where, and exactly how much. If something goes missing, you’ll know exactly when it happened. No need to make staff manually track down or count stock.

Improve ordering

Automated system can set up a process to automatically reorder when a part is out, so you’re never out of stock. It can also give sales teams insight into buyer behaviour, giving you the ability to order more or less of something depending on demand

Minimise errors

When staff are forced to do tedious manual work and data entry, mistakes are bound to happen. Automate deliveries, orders, stocktake and more to minimise errors and maximise return – and free up your staff to focus on other important tasks

Simplify pricing

Not only can automation make it easier to keep up with competitive market pricing, but it empowers your road reps to easily take prices at customer price, improving sales results.

An automated warehouse system pays for itself

When it comes down to it, if your business is dealing with high volume, complex inventory, warehouse automation could be one of the best investments you can make.

The return you’ll see will come in all forms – through less staff overtime, better stock ordering, a more streamlined sales and delivery process… the list goes on.

By simplifying your inventory and distribution processes, you have more chance of growing your business and increasing your sales performance – not to mention your customer service.

For more information about whether an automated warehouse system is right for you, download our free Effective Stock Management eBook.

Business Management Software

3 MUST-HAVE BUSINESS MANAGEMENT SOFTWARE FEATURES FOR WHOLESALERS AND DISTRIBUTORS

As you may know, it’s not impossible to handle all of the specifics of a company without using business management software.

A lot of businesses get away with it. But, by managing your business processes manually, you are costing your business a lot more in the long run – through inventory shrinkage, missed opportunities and reduced business efficiency.

From complete and total visibility of your supply chain to your financial systems, as well as customer relationships, having a competent business management software is vital to your business. It can even mean the difference between stagnant growth and achieving the kind of operational excellence that you have always dreamed of for your business.

The only problem is, there are a lot of features that a potential business management system can have.

So, the question is, which company management software features are necessary for a wholesaler or distributor?

Below, we’ve created a list of three features that should come in handy to wholesalers and distributors alike, who are looking for a better way to handle their business using the right business management software.

1.  Complete and total visibility

Wholesalers and distributors have been using company management software for years. However, you’d be surprised as to how few only bothered to integrate key aspects of their businesses in one software solution.

The ideal business management system incorporates and integrates the company’s finances, sales, customer relationships, inventory, as well as eMarketing, among others, all under one roof.

Using the right business management software helps unify and simplify the company’s multiple processes. This allows for better collaboration and workflow automation across the company. that helps minimise any inefficiencies and helps fine-tune your business.

2.  Effective supply chain management

Wholesalers and distributors stake their entire businesses on their inventory and supply chain. After all, it is what your customers come for – and what brings in the profit.

Unfortunately, I see so many wholesale and distributors taking a risk on this by using manual stock control processes.

Manually managing your inventory and supply chain can lead to:

  • Missing items
  • Mislabeling
  • Incorrect stocktake
  • Delayed orders
  • Ordering too little or too much

To prevent this from happening, wholesalers and distributors need a company management software that lets them track every single transaction and stock movement within their business.

Business management software allows for better supplier, inventory and buyer-behaviour insights. This allows for increased visibility across the organisation that allows your company to meet your customer’s needs, as well as enjoying a host of other benefits such as faster stock turnover rates, minimal stock storage incidents, centralised purchasing processes, and more.

3.  Accurate and actionable reports

Wholesalers and distributors need their data now and they want it fast. They also want it to be presented in an understandable manner. At the same time, the data should be accurate and actionable enough. Otherwise, the company would not be able to identify and solve issues as soon as they pop up nor prevent future problems.

In short, wholesalers and distributors need business management software that feeds decision-makers with real-time business insights.

By providing those in authority within the business the necessary data, the ideal business management software allows the company to identify and single out problem areas, as well as their set priorities straight.

A unified business management system makes real-time simulation and planning possible using accurate analytical data. This can considerably boost the performance of wholesalers and distributors in all key areas.

As a result, this increases profitability and minimises risk at the same time.

Start Making Use of the Right Business Management Software Today

Minimal risks and high margins.

These are two things that every business always strives for, wholesalers and distributors perhaps even more so.

Download the HARMONiQ Effective Stock Management eBook today to learn more about becoming an organisation driven by smarter warehousing.

Inventory Management software

How your Inventory Management Software pays for itself

ERP systems offer a huge range of capabilities and features to businesses, one of the major ones being inventory management software.

However, many businesses aren’t sure about implementing an ERP system because of the effort and cost that comes with it.

What they don’t factor in though is that the cost of their current inventory management process may be larger than you realise. Inventory management can easily (and often) be full of hidden costs.

So, while ERP and inventory management software come with a price, the ROI you receive can be swift and worth every dollar.

Inventory control comes at a cost

If you don’t have a dedicated ERP system or a way to automate inventory control, your inventory management process is likely to be long, difficult and highly manual.

Not to mention, expensive. You’ll be wearing the cost of:

  • Staff
  • Time
  • Stocktake
  • Lost stock
  • Data and reporting errors

And that’s just to name a few. It’s not hard to see how the amount spent on inventory management and stock control is generally a lot more extensive than most businesses realise.

How you save by spending on inventory management software

When you consider these hidden costs of inventory control, it is a lot easier to see how the cost of an inventory management system can be worth it – and how ROI is quickly achieved.

There are two main ways inventory management software saves you, and it is often the last two things businesses think of.

Productivity

By automating and streamlining time-consuming manual processes, staff spend less time doing menial tasks and more time focusing on doing other parts of their jobs that are more valuable. You immediately limit the time required for overtime, stocktake duties or tracking down lost or missing stock and stock data.

Efficiency

Tasks are done faster, better and more easily. This doesn’t just help the team involved directly with inventory management, but other teams across the business. When inventory is on time and accurate, sales and customer service teams can do their jobs better too – leading to more sales, happier customers and a better result for the business.

Enjoy the benefits of inventory management software

Inventory is the livelihood of your business, so why wouldn’t you ensure that you’re managing it to the best of your abilities?

When you improve the efficiency of your processes and productivity of your staff, you immediately improve your ability to run a good business and achieve higher returns.

If you want to know how you can better control your stock for better results, or if an ERP can be a smart and profitable option for you, download HARMONiQ’s free e-Book, Effective Stock Control.

Business Management Software in warehouse

WHY THE RIGHT BUSINESS MANAGEMENT SOFTWARE IS KEY TO YOUR BUSINESS’ GROWTH

All businesses today use some form of business management software.

Company management software is so prevalent that you’d have a harder time finding a business that doesn’t use one. But for a complex inventory and distribution-based business, with intricate warehousing processes, finding a business management software that suits your needs can be a challenge.

You see, not all company management software is the same. You’ll find a generic, one-size-fits-all type of software that works for a lot of businesses with simple processes that are affordable. They’re great if you’re starting out.

However, once you have an established business, you’ll realise that what’s separating you from achieving a level of efficiency and automation that can help you grow is the software that your business is using.

That reason, among many others, is why it’s important to have the right business management software for your company.

Below are three other more specific reasons why having the right small business management software matters a lot more to your business than you might realise.

1.  Streamlines business operations

Inventory management, purchase orders, finances and accounting, as well as a bunch of other key areas are processes that are uniquely time-consuming and rigorous tasks due to the industry you work in..

Most businesses keep these integral business functions separate, usually due to convenience. Most of the time, however, they don’t know any better. But, did you know that the right business management software can house all of these into one big system?

By integrating the multiple processes involved in the daily comings and goings of your business under a single, unified operations management software, you streamline how your business works.

A streamlined business is an effective business, and, an effective business is a profitable one.

You can make sure that happens with the right company management software.

2.  Minimises Risks

Unifying multiple key operations under a single operations management software doesn’t just increase business efficiency, it also minimises risks.

For starters, having all that data makes it easier to analyse and pinpoint problem areas of the business. This allows you to identify patterns that have led to certain issues in the past. In doing so, you can prevent the same problems from hampering your business’ growth.

Alternatively, it can also highlight and maximise the areas of your business that are profitable. From automating customer follow-up to ensuring you always have enough of the right stock to meet customer needs, modern business management software can drive a level of efficiency that will support your growth.

3.  Encourages growth

Growth doesn’t come easy.

There comes a certain point in time in any business where natural growth plateaus and you need to make certain business decisions to ensure growth doesn’t remain stagnant.

The right business management software can provide you with business visibility to make data-driven decisions that ensure your business is making informed, growth-based decisions.

Not All Business Management Software Are Equal

There are plenty of companies that offer business management software. Unfortunately, you can’t rely on all of them. But what you can rely on is word of mouth and positive reviews.

An industry-leading software provider, HARMONiQ has both the expertise and experience to help your business grow by providing you with the right business management software.

Be sure to download our ebook on “The Power of Big Data” to know more about how the right software is key to the growth of your business.

Inventory Management

HOW AN INVENTORY MANAGEMENT SOFTWARE CAN SIMPLIFY AND AUTOMATE YOUR INVENTORY PROCESS

Inventory management software can help simplify and improve your control over your company’s inventory.

Without an inventory management system software, your business will have to control its inventory and all of its proceedings manually. This can be time-consuming and inefficient. Not to mention, because it requires so much manual effort, it also exposes your company to the risk of human error.

The truth is, it doesn’t matter what kind of business you run. It can be big or small, wholesale, retail, franchising, distribution, and more.

Either way, using inventory management software solutions can help you simplify your inventory and streamline the entire business process.  

Here are five ways that explain how an inventory management software can benefit your inventory process:

1.  Inventory management and maintenance

Tracking inventory items is tedious work. You’ll have to make sure that you have enough at all times. Otherwise, you risk losing out on potential customers because you ran out of stock.

One of the many benefits of inventory management software is that you can automate this.

Using inventory management system software, you can manage and maintain the right levels of your inventory to make sure that you never have to run out of stock.

2.  Inventory tracking

Part of making sure that you have enough stock involves knowing how much inventory you have left and where each item is.

Using an inventory control management software can do that for you.

The right inventory management software can help you track, in real time, accurate inventory numbers and location, among other things.

3.  Inventory control

When you’re in the distribution and wholesale industry, you’re not just sourcing from a single supplier. This means that it can get easy to mix up who supplied what.

Add the possibility of human error and managing inventory items from different supplies can be a nightmare.

Inventory management software solutions can help simplify that for you.

By importing data straight from your suppliers, rest assured that an inventory management software can make sure that you are always in control of your inventory.

4.  Automated inventory control and management

The best inventory management software doesn’t just let you keep track of your inventory, it also updates the system automatically and without supervision.

Why is this an important feature to have for an inventory control management software? Because, the tedious manual process of updating your inventory can take away from valuable time that could be better spent on other more important business-related tasks.

5.  High level of customer satisfaction

What do you think is the result of having stacks on hand all of the time?

Yes, you guessed that right, satisfied customers.

One of the biggest benefits of inventory management software is that, when used right, your customers will walk away as the biggest winners.

And, we all know just how valuable customers are in the distribution and wholesale industry are, right?

Invest in a Quality Inventory Management Software Today

There are lots of benefits of inventory management software and what we outlined are just some of them.

The bare minimum of the ideal inventory management software should be what we discussed. Otherwise, you’re just wasting your time – the inventory management system software won’t be able to simplify and automate your inventory process.

Be sure to download our ebook on effective stock management to know more about how an inventory management software, among others, can help your business grow and succeed.