Inventory Management Can Make Or Break Your Business

The process of inventory management is complex under any kind of conditions

, but with so many items and so much variation, proper inventory management could be an nearly impossible task, especially if you do not have a whole lot of resources to devote to it.

The problems bad inventory management creates for a enterprise are several. Among the most critical is the effects on cash flow. If you cannot determine which items are overstocked and which merchandise is never selling at all, you will have dollars tied up in too much inventory gathering dust on the shelves when you might be putting that cash to better use in a different place. Cash flow is without a doubt the life blood of the company. Restrict cash flow thru weak inventory management and you are reducing the blood flow of the corporation.

The opposite is also true. If you stock insufficient supply to satisfy consumer demand, you can be harming your business volume. Analyses reveal that potential buyers will stop visiting a store should they can't find the item they demand on two successive visits. Chronic under stocking of products that sell well can lead to customer loss. You have got to do the job of inventory management well to increase cash flow and business volume, but it surely can be a very large, time-consuming job.

This is when C-Store Office from Petrosoft will help. C-Store Office provides you with robust automation tools that will drastically reduce the length of time spent on inventory management while enhancing the quality of your inventory tremendously. C-Store Office permits you to see your whole inventory at item level so you always understand exactly where you are at in each category. You will see detailed reports on overstocked merchandise and under stocked goods and C-Store Office can show you where the dead items happen to be in your inventory, too. C-Store Office imports the details from electronic invoices at item level effortlessly, so all that info comes into your system without any time and effort on your part. Petrosoft also offers a special data processing service which allows us to convert your paper invoices directly into item level digital invoices, too. And so one hundred percent of the inventory can be handled at item level without ever being forced to process an invoice yourself!

Supervisors must make certain that cashiers are scanning goods out of the store at one hundred percent. That permits C-Store Office to track product sales at item level, as well. So perpetual inventory will be monitored accurately. The final bit of the puzzle is automated ordering. C-Store Office can provide automatic orders based on the inventory you actually have and forecasts depending on your exact sales information. So you can make sure you are controlling money and items correctly. Inventory management is a big job and a crucial one. C-Store Office makes it easy to carry out inventory management right.

by: Mark Kalist

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