In the ever-evolving world of supply chain management, Inventory Supply Software has become an invaluable tool that is designed to accommodate the dynamic needs of modern businesses. Armed with the software’s multi-faceted capabilities and advanced feature sets, service providers of all sizes and in many different types of industries can find new ways to make their own supply chains tailor fit to their unique needs in order to rise up and meet the greater demands of a competitive market.
Here are a few of the many features that can be found in top-of-the-line Inventory Supply Software across the following key points of interaction. In particular, they are your customers, warehouse workers, vendors, and shippers.
You can ensure greater customer service and inventory reliability by using these tools to keep your inventory flowing without any hindrance into and out of your warehouse (or multiple warehouses, if you run a larger company). Improved customer service will lead to a number of benefits that will help you grow your business thanks to positive word of mouth and the fact that your customers will know that they can rely on you to meet their needs.
- Point of Sale: Accept customers’ cash and credit and debit cards in payment for your products.
- Reports: Check out customer histories and many other data points that offer insight and opportunity.
- Work Orders: You can create several kinds of work orders to do simple and complex manufacturing jobs.
Access clear information that is up to date so that you are able to make informed decisions about your stock levels. If you know exactly how much inventory you have and how many sales you make at each warehouse, you will have a good idea of what reordering decisions to make at any given time.
- Barcoding: Scan product barcodes to eliminate manual data entry and increase data accuracy.
- Inventory Management: Stay current through regular cycle counts and other means.
- Part Tracking: Know what is coming or going, with landed costs already factored in.
Put materials, contacts, and availability at your immediate disposal. You can even assign default vendors to your parts and products to save a step when it comes to ordering them. Of course, you can choose a different vendor, if you like, but it’s nice to know who you normally order from.
- Order Management: Develop vendor histories and auto-ship with the aid of automatic reorder points.
- Purchasing: Track all associated costs of a product and stay on budget.
- Multi-location: Monitor all assets and supplies on a per-location basis.
Know what, where, and how soon new parts and products are arriving at your various warehouses. Be in close contact with shippers to make sure nothing gets forgotten and that you are prepared for incoming orders. Plus, you can inform shippers when you have packages that you want to ship out and even print shipping labels before they come to pick them up.
- Tracking: Follow your purchases and shipments from beginning to end to make sure they are delivered.
- UPS Integration: Compare shipping prices and options and then print shipping labels.
- Drop Ship: Connect your customers with a third party when you do not have an item stock.
Like any tool, Inventory Supply Software is a means to greater ends when it comes to your business. Each point of its multipronged features allows for a specific fit to the needs of your industry, providing more opportunities for profit margins while effectively streamlining your day-to-day transactions.
Inventory supply software helps businesses keep goods flowing smoothly across their suppliers, shippers, warehouses, and customers. It does this through point of sale solutions, work orders, reports, barcoding, part tracking, order management, and other tools.