Whether you are an established small business trying to get ahead of the competition or a start-up business putting efficient processes in place, one key factor in your success is small business stock control.
From the team at Foresiight, here are 6 tips for stock control for small business.
- Choose your software carefully. Do your research. Then do some more research. Look for software providers who have demonstrated experience in your industry, can make further customisations to suit your business and will be on-hand to provide support.
- Ensure accuracy. Your tracking needs to be accurate. It is crucial that you know exactly where your stock is at again given point in time. How much stock do you have in the warehouse? How much do you have ordered? It’s impossible to know whether you’ll meet customer demand if you don’t have this information.
- Streamline processes. Once you have your inventory management software in place, look for ways to streamline your processes and minimise staff head hours. We can help with identifying ways to streamline your operations.
- Don’t forget manual stock counts. Just because you have inventory tracking software in place, doesn’t mean you can forget about manual stock counts (unfortunately!) Periodical manual counts will confirm that your reporting is accurate.
- Remote management. Make sure that you can manage your stock remotely and across multiple sites to really achieve small business stock control.
- Standardise processes. Standard processes mean that everyone in your business knows what they should be doing and your software can accommodate the processes that you already have in place.
Further Information
Follow the link for further information on Foresiight’s market leading all in one business management software ProfiitPlus.