This allows your two software systems to share information, sync and generally “play well” together. Ideally, your inventory management software will be able to integrate with your existing business software.
Most businesses use multiple types of software at once. This feature removes the guesswork and sets an automatic re-order so you can focus on running your business. You can set your inventory system to place an order for more bulbs once the number in stock reaches 29. You want to keep at least 30 of a specific type of headlight bulb in stock at all times. Once a product falls below the limit, your inventory management system places an order with your supplier to restock the low items.įor example, you run an automotive parts store. You set a limit on how many of each item you need to have in stock. Some inventory management system software features include the ability to set up automatic restock of products. They might think that you’re unlikely to have other parts or items they need and choose a competitor the next time they’re shopping in your industry. Missing out on a customer because you’re out of stock not only loses the immediate sale, but can erode customer trust for your business. If a key part or product is running low, you don’t want to wait until it’s out of stock to order more. There are plenty of options, so how do you choose the best inventory system for small businesses? A good fit should have these key features: Automatic Inventory Restocking These systems electronically keep track of all the items you sell, allowing you to locate items quickly and restock before you run out.
Upgrading to an inventory management system makes keeping track of your inventory easier, putting less strain on you and your employees. If you’re tracking inventory manually or through Excel, mistakes are bound to happen and could get worse as you expand. You know that it can cause setbacks in customer loyalty and sales. “Of course we have that part for you! We’ll grab it from the back.” Five minutes later: “So it looks like we’re all out.” Sound familiar? Chances are you’ve been in this situation, either as a customer or a shop owner.
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