With the right inventory management tools, small, and mid-sized businesses can effectively manage their inventory
Inventory management continues to play a critical role in the success of an organization. However, because of the domino effect businesses have on the overall economy, recently “unsold inventory created a big drag on the economy”.
According to NRF Chief Executive Matthew Shay, inventory challenges contributed to the unmet sales goals of the recent holiday season.
Although excess inventory is an undesirable scenario, product shortages are equally undesirable, as out-of-stock inventory is troublesome for both the business and the customer. Finding balance then becomes pivotal in the success of a business. In a recent study by the Aberdeen Group, the Best-in-Class businesses could “right size” their inventory by assessing products down to the SKU level. Inventory management systems are a great way to look at product information, including detailed information about each SKU.
BooksPOS has been helping clients implement inventory management system in their business and learn how to use the software to its fullest. When people choose BooksPOS, one of the major reasons they often state why they selected our software is that it offers all the inventory features they need, and then some.
Summary-
Inventory management software systems such as BooksPOS provide a wide range of features and tools to help with inventory control.
