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Thread: How to do easy inventory management?

  1. #1
    Join Date
    Jul 2019
    Posts
    1

    How to do easy inventory management?

    Hey, i'm new here

    I started my business as shoe cleaner around 3 months ago.

    Until now, i still have big problems in organizing my business about inventory management. It's related with manufacture company rite?

    Does service type business needs to do it? Since some of my friends recommend me to do it.

    If i should do it, is there any tool that can help me to do it because, i am still confused in doing it.


    If there are any software that are good for inventory management, please share it here.

    Thanks a lot

  2. #2
    Join Date
    Sep 2019
    Location
    USA
    Posts
    180
    Here are some of the techniques that many small businesses use to manage inventory:

    Fine-tune your forecasting.
    Use the FIFO approach (first in, first out).
    Identify low-turn stock.
    Audit your stock.
    Use cloud-based inventory management software.
    Track your stock levels at all times.
    Reduce equipment repair times.

  3. #3
    Join Date
    Oct 2019
    Posts
    3
    To start any business, proper planning and management is required. There are many services that are required to carried to run the business like business accounting services, income taxes, payroll services, bookkeeping, cash flow management and the other services related to the financial section of the business.

  4. #4
    Join Date
    Aug 2018
    Posts
    4
    I came across this article a few weeks ago, I think it might help https://www.bakertilly.com.kw/en/man...ities-success/

  5. #5
    Join Date
    Jul 2022
    Location
    Bengaluru
    Posts
    1
    The best approach to keep track of your inventory levels, the products that need to be ordered, and the value of your stock is with inventory management software. A straightforward inventory management solution may assist with real-time inventory tracking, resource planning, assigning inventory jobs to staff members; handling buy orders and sales orders, and other chores that can help a corporation maintain effective inventory control.

    The following are some advantages of employing a streamlined inventory management solution:

    Simple to use and put into action.
    prevents stock shortages.
    improves the customer experience.
    controls inventory levels.
    easier to adhere to delivery deadlines.
    enhances the ability to make decisions.
    enhances workflow.

    This can be overcome with Crest's effective inventory management software. It automates the tracking process, gives real-time stock movement information, aids in demand forecasting, and eliminates excess or lack of commodities. Crest proactively forecasts demand for all of your inventory across all channels without requiring any user involvement, taking into account current market signals, trends, seasonality, and stock availability to make sure you are always well-stocked for any market turbulence.

  6. #6
    Join Date
    Aug 2020
    Posts
    48
    I'd pay more attention to tracking devices and powerful GPS software. We've recently dealt with the spytec com customer service via this site and now have a good tracking solution for the business. This company offers a modern platform and an industry-leading mobile app that offers real-time GPS accuracy, and 24/7 visibility. We can tell our clients where their freight is at any given moment, down to the exact intersection. The information is at our fingertips, it is very convenient.
    Last edited by Alex7788; 07-21-2022 at 06:42 AM.

  7. #7
    Join Date
    May 2021
    Posts
    33
    There's no single answer to easy inventory management since it can vary depending on the business and the products involved.

    However, one way that many of my clients find helpful is using QR codes.
    QR codes can be placed on products and scanned during inventory checks, which can help speed up the process and make it more accurate. Additionally, they can be used to track product location within a warehouse or store, making it easier to find items when needed.

    There are a couple of things to keep in mind not to encounter the issues that you can easily avoid:
    -Make sure the scanner you're using is compatible with your QR code system.
    -Ensure that your codes are placed in visible locations.

    I hope this helps!

  8. #8
    Join Date
    Sep 2022
    Posts
    5
    For inventory management, you need to have the software where all the stocks and previous records of the sales and how many sales you made in a day that software will keep track of your sales as well as your inventory and you have to just update all the products that are physically available in your outlet and then keep updating it on the software and it will give you all the records on one click if you want to change the pricing you can update that on the software easily this will make your work very easy. and you can divert yourself to other works and serve customer easily

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