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!
Your software (or lack thereof) may be causing you to lose out on customers. You are living in a digital age where a consumer can order a customized “anything”, any time at their convenience, choosing from available inventory, while calculating shipping and practically shipping itself to the new customer’s doorstep. With some companies, appointments can be made online for services (ie cable, pest control, maintenance) by the customer, syncing with the technician’s calendar for when the technician is available in the customer’s area. Ordering custom made products, like baby bibs could even be enhanced with new software, because it could allow the customer to pick out certain parameters of their choice like shape, fabric, trim colors, and custom message.
In the generic scenarios above, a simple business concept is embraced that simplifies and automates the customer experience to the point that the experience is so finely tuned to exactly what your customer wants, it elicits more sales. When a customer can get exactly what they want, when they want it…well, you got an easy sale! We have become a society that feels deserving, and we want everything fast, like yesterday. Now ask yourself, if a customer finds your company’s website online at 4:44 am, what kind of user experience will they have? Will they have questions, and need more information in order to place an order right then and there? Can they even buy anything from you at 4:44 am? If you can’t get their money right then online, you may have just lost the sale.
Don’t fall behind in business today. Don’t be forced out by industry and competition. Maybe it’s time to think about upgrading your online software for customer use. How can custom developed software enhance your customer experience and elicit a sale online? If you’re not sure, talk to a software engineer or a software development company for software solutions for a better customer experience online. Make it easy for the customer to give you their money, and they will.