Wholesale inventory software, is vital for the effective management of your wholesale business. There are many reasons why more Australian wholesalers are choosing to upgrade their Business Management systems. Surprisingly, it’s not all about your inventory, although for a wholesale business this is at the core of what you do, there are other benefits to wholesale inventory software across your entire business. Here are 3 top reasons why.
Improve inventory management – inventory management (or stock control) is about ensuring that you have the right products at the right price, in the right place, at the right time. That’s where an effective wholesale inventory software solution comes in. The right wholesale inventory software for will mean you won’t have to deal with over-stocking, under-stocking and over-spending, that is purchasing more stock than you can afford to keep. It will also save you time because you won’t need to manually keep track of inventory movement. This is a huge task particularly for wholesale businesses managing warehouses full of stock.
Improve reporting accuracy – Because wholesale inventory software will automate your processes instead of relying on manual checking, reconciling and data-entry, where human error is inevitable, your business numbers will be a more accurate reflection of the real picture. With real time inventory update you’ll no longer be relying on manually updating sales at the end of trade. Instead you’ll be able to sync your sales channels with your wholesale inventory software.
Improve business intelligence – How do you decide on your business strategy for the coming months and years? It goes without saying that the best business decisions are well-informed but often the data that business owners or managers have available doesn’t give them the full picture. With the right wholesale inventory software solution in place you’ll be able to understand your businesses’ strengths and weaknesses and make better business decisions.
For example, by integrating your sales platforms with your inventory tracking software you’ll understand your best-selling products by season, best performing sales channels and have access to your agent and sales person productivity reports. You’ll even be able to understand where your customers are coming from and use that intelligence to grow your business.
Get further information on Foresiight’s leading wholesale inventory software ProfiitPlus.
