Stock management software (also known as “inventory management software”) refers to a software system used for tracking inventory levels, orders, sales and deliveries. This is crucial for small to medium sized businesses (SMEs) to avoid both over-stock and outages and to reduce carrying costs.
Stock management software is used by SMEs (as well as larger organisations) for a variety of purposes, including:
- Maintaining a balance between having too much and too little stock
- Tracking stock as it is transported between locations
- Receiving items into a warehouse or other site or location
- Picking, packing and shipping items from a warehouse
- Keeping track of sales and inventory levels
- Reducing the risk that products are stocked for too long and become obsolete (they can’t be sold) impacting sales and the bottom line
- Reducing the number of “missed sales opportunities” because product is out of stock
Getting the right stock management software in place will help your business to grow and get the business to where you want it to be. At Foresiight, we specialise in stock management for hardware stores, stock management for paint stores, tool stores and more. Improve your small business stock control with our market-leading software ProfiitPlus.
What’s more, ProfiitPlus fully integrates inventory, accounting and point of sale into an all-in one business management software solution.
