![]() It’s key to know how much stuff you have, what it costs you, and when you can get more. Inventory management is a simple way to keep your manufacturing, warehousing, and customer orders all in sync. So, it’s a good idea to test these free versions first. ![]() Switching to a new system later can be a big hassle. This way, you won’t waste time and money on a system that doesn’t work for you. There are free inventory tracking software apps you can try before fully using them. Some inventory tools may work better for you because of their special features and functions. Picking the right tool for your business matters a lot, especially if you’re trying to be resourceful while fostering growth. ![]() Odoo: Best for manufacturing companies.Retail inventory management made easy with RETAIL vantage Inventory Tracking Software from PROFIT systems. With this much data at your disposal, managing your inventory has never been easier. ![]() Importantly, it also includes sophisticated profitability analysis on winners and losers and keeping the right items in stock and available for sale. RETAIL vantage will track your merchandise, from purchase order to receiving, warehousing and delivery to your customer. With RETAIL vantage inventory tracking software solutions, you will have an intuitive, accurate and streamlined approach to inventory optimization and increased profitability. PROFIT systems understands the difficulties customers face when managing a large, complex inventory catalog. A failure to keep best sellers in stock or move out under-performing items creates a strain on working capital and prohibits incremental sales. Your sales staff can check stock availability from any work station or from their iPad, never leaving a customer’s side.įor a retailer, visibility into and control over inventory is the single most important factor in running a successful business. Your key performance indicators and other vital data like whether items are in stock and available are all real time and immediately available when you need it. This detailed analysis will keep your winners in stock without being overstocked. Detailed information about things like number of days in stock, recentness and frequency of sales, and whether an item is profitable compared to other items in the same category all play a part in determining recommended reorder levels. Never Run Out of Your Best Sellersĭynamic purchasing recommendations are based on what is actually happening in your store rather than a minimum/maximum number. By systemically marking down items you will sell them as quickly as possible at the highest margin achievable and keep your warehouse from over running with out-of-date merchandise. Slashing prices to the bone might move it out quickly, but you also give up any chance at earning gross margin on these items. Reduces InventoryĪutomatic price reduction of poor selling inventory ensures you have more room on the sales floor for best-selling or new merchandise that arrives just-in-time through more accurate buying reports. With a systemic mark down of non-selling merchandise, dynamic replenishment reports, real-time dashboards and a host of metrics and analysis you will have the data you need to make educated decisions quickly. RETAIL vantage inventory tracking software features more tools and reports for analyzing your business than any other industry specific software. ![]()
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