subject: Inventory Management Can Make Or Break Your Store [print this page] The task of inventory management is complex under any conditions, but with so many items and so much variability, correct inventory management could be an nearly impossible task, especially if you don't have a whole lot of resources to devote to it.
The difficulties poor inventory management creates for a company are several. Among the most critical is the impact on cash flow. If you cannot determine which items are overstocked and which products are not selling at all, you will have capital tied up in excess inventory gathering dust on the shelves when you could be putting that cash to better use somewhere else. Cash flow is certainly the heart of the enterprise. Reduce cash flow by way of bad inventory management and you are reducing the blood supply of the organization.
The reverse often happens too. If you stock insufficient stock to meet consumer demand, you can be do harm to your business volume level. Reports demonstrate that buyers will stop going to a store should they cannot get the item they really want on two sequential visits. Chronic under stocking of products that sell well can lead to customer loss. You must do the job of inventory management effectively to increase cash flow and business volume, however it is a very large, time-consuming endeavor.
That's where C-Store Office from Petrosoft can really help. C-Store Office provides you with robust automation tools which will significantly reduce the length of time you spend on inventory management while boosting the quality of the inventory profoundly. C-Store Office lets you see all of your inventory at item level to ensure you always know specifically where you are at in every category. You will see detailed information on overstocked items and under stocked merchandise and C-Store Office can show you where the dead items are in your inventory, at the same time. C-Store Office imports the details from electronic invoices at item level effortlessly, so all that information enters into your system without time and effort on your part. Petrosoft also provides an exclusive data processing program which enables us to convert your current paper invoices into item level digital invoices, also. Therefore one hundred percent of the inventory may be managed at item level without actually being required to process an invoice yourself!
Managers should always make certain that cashiers are scanning merchandise out of the store at 100 %. That allows C-Store Office to follow sales at item level, too. So perpetual inventory can be tracked appropriately. The final component of the puzzle is automatic ordering. C-Store Office can provide automatic orders based on the inventory you actually have and forecasts depending on your actual sales data. So you can always be sure you are controlling funds and merchandise correctly. Inventory management is a big task and a important one. C-Store Office makes it simple to perform inventory management properly.
