Stock control software is more vital now than ever before in supporting your business in becoming streamlined and maintaining profitability. Stock control lays at the heart of careful budgeting, and careful budgeting is essential to success. If you know what stock you have and what stock you require, then you automatically know what stock needs to be replaced. This in turn means you are only buying in stock that will turn over and increase your profits. If you have the right software to support your stock control, then the margin for error and waste is reduced even further.
Create Joined-Up Thinking with Inventory Management Software
Running any business that includes buying, selling or delivering goods requires inventory management. If you do not know what you have in stock, it is impossible to successfully purchase the right goods, or deliver goods to customers and clients in an organised and timely way. Failing at any stage of this process is likely to have a detrimental effect on your business. Traditionally, stock or inventory management involves different individuals taking account of different aspects of the stock’s movement through your system. One of the problems with this approach is that it increases the chances of mistakes, lost paperwork and miscommunication. There is also the problem of one department not completely understanding the role or importance of a certain item of stock, or the amount of stock in hand, at another point in the system. All of this is solvable when you implement a joined-up approach using inventory management software. Company inventory software still allows different individuals to do their own jobs, but means that all the information is centrally collated. This enables the right people to see the information they need, when they need it; and they can therefore make the right decisions to support your business.
Why Warehouse Management Software is not just for Multinationals
If you are a small business, you may be tempted to think that warehouse management software is only necessary for larger businesses and multinationals. However, this couldn’t be further from the truth. In fact, you as a small company could actually benefit more from this type of stock control software. One of the reasons for this is because you are likely to have much smaller profit margins than bigger businesses, meaning that any mistakes in your inventory or warehouse management in general are likely to be costlier. While a larger company may be able to cope with losing a pallet of goods, such a loss for a smaller company could result in a severe financial deficit that is extremely hard to recover from. The same is true at the customer end of your business. Letting down a valued customer may cause an inconvenience to a larger business, but the knock-on effect to you could be much more severe. While the initial cost of setting up integrated warehouse management systems software can be off-putting for smaller businesses, the cost savings related to better management of your warehouse more than makes up for any initial outlay. Then, there is also the peace of mind that you gain from having such systems: this is impossible to put a figure on.
Inventory Management Software as a Preventative Measure
Workplace theft may not be something that you want to spend time contemplating. However, it is an unfortunate reality that costs businesses more than just the loss of the goods that are stolen. Good inventory management software is one way in which this problem can be tackled. Inventory management in itself will not stop employees from stealing, but the right business inventory management software can make that much harder to accomplish and acts as a deterrent to individuals contemplating such a step. How does this work? Within a warehouse or distribution setting, one of the easiest ways for employees to steal is by ‘misplacing’ items at any stage of the stock management process. Either they are not included on the goods-arrived inventories, or they are lost during storage. Stock can also be misplaced when it is being readied for delivery. Stock control software that integrates information from each stage of the process makes these outcomes much harder. Missing stock can be traced to the point at which it was last seen; and undelivered stock can be tracked back through the individuals who handled its arrival and storage. The knowledge that these systems are in place should be enough to stop most from making attempts on your goods. However, should it still happen, tracking and dealing with the culprit is made much easier.
Sourcing the best Warehouse Management Software
Given the importance of warehouse management software to your business, it is essential that you source the right software for your business needs. Firstly, you need to source a solution that is either compatible with your existing business systems, or is one that allows you to create a fully integrated system. Achieving this means that every aspect of your ordering, deliveries, payments and invoicing processes is collated, accessible and trackable. The software you use should be scalable to your needs, including working alongside any e-commerce shopfronts and dispatch companies that you utilise, where this is needed. If you are at the retail end of the chain, then it should work seamlessly with your front-end services. The key is knowing what it is you need for your business to grow in the market place, and then finding a solution that surpasses your expectations, while providing value for money. One way to achieve all of this is to find out which expert solutions your nearest competitors are using. One of the warehouse management software providers that is most likely to come up in a positive light is es Consulting.
Secure Your Business’ Future with Stock Control Software from ES Consulting
Whether you are a small business looking to integrate your existing systems, or a larger business wanting to run more effectively, stock control software from es Consulting can provide the solutions you need. We are a UK based company that specialises in the development and supply of stock control and warehouse management systems which meet the individual needs of different businesses. To find out more about us and our flagship Barcoder250, visit http://www.warehouse-management.co.uk today. To talk to a member of the team about your specific needs, call us on 0845 8672032, or request a call back through the contact page of our website.