A small business stock control system is vital for any successful small business that handles stock, regardless of how small. Business owners may choose to operate a manual system for small business stock control or invest in an automated system as part of their business management solution.
There are pros and cons for each.
Control
A manual system can give a business owner a sense of control by the fact that the manage the re-ordering process themselves instead of waiting for the system to indicate when it’s time to re-order.
Human Error
However, with this sense of control human error also occurs because the system relies heavily on the action of humans.
Labour Intensive
Because manual systems take up human resource to operate, they are labour intensive. They require time that could be better invested in other parts of the business.
Cost
A manual system is cheaper in that there is no upfront investment however, the human resource required for the ongoing management of a manual system counters the initial up front saving.
Integration
An automated system for small business stock control will integrate the business functions of accounts, stock control and point of sale.
Get further information on small business stock control and Foresiight’s market leading software.