Custom software development can make you more profitable. There are lots of ways to increase profits, but properly managing your inventory is paramount for growth and profitability. If as a business owner, you don’t know exactly what your inventory looks like at all times, then you are at a big disadvantage in the marketplace. Poorly selling products eat up profits in the form of storage. If you aren’t turning that inventory at least 2-3 times a year, then it’s taking up space in your warehouse to not only turn a profit, but to take up the space of another item that would turn a profit…it’s a huge opportunity cost; or should we say a huge opportunity lost.
Analyzing your inventory data can tell you quite a bit if you can get your hands on it. Tracking your inventory through software built with your needs in mind can tell you things like how long items have been on your shelves, and if it’s been too long, then you know you need to mark them on sale or incentivize sales somehow. Analyzing inventory data can also tell you your best and fastest selling items and what items are most profitable.
Inventory processes can be linked to other processes in your software to accommodate your exact business needs. Link to shipping for on the spot freight charges calculated on the spot as your customer is ordering. Link to the accounting department and save employee time by circumventing double-entries.
It’s fundamental to say that least that if you manage your stock in line with your customer’s demands that your business will be operating at an optimum level. Custom developed software takes all your needs, wants and existing software and/or processes and automates functionality to give you the results you need and the ability to run your company more efficiently.
It’s another Bunch of ideas brought to reality!