Streamlining your inventory and making sure it is well managed can be challenging and complicated, especially if your wholesale business is growing quickly. As more retail orders come in, stock levels start requiring religious monitoring. In times like these, managing your inventory using pen and paper (or even spreadsheets) just doesn’t cut it anymore. You need to come up with other ways to streamline your inventory management without it being a drain on your resources.
Of course, the best solution is to use the right technology, like cloud-based online inventory management software, that will enable you to keep track of your stock and provide you with real-time inventory updates. But did you know that the way you manage your orders is also super important?
How you handle your ongoing and upcoming orders can help you achieve an inventory system that runs smoothly. Good order management lets you predict your future demand, gives you better visibility over your stock, and provides you with a bigger picture of your sales trends. (more…)