3 golden rules of inventory management system-insightstock360
TRANSCRIPT
Presented BySimon [email protected] The Courtyard, Harris Business Park, Bromsgrove, B60 4DJ+44 - 844-870-7873http://stock.insight360.co.uk/
Actual Requirement For Your Inventory
Presented By:-
3 Golden Rules Of Inventory Management
1. Supply and Demand is an Art Form
Due to the evolution of the constructing industry in
recent years. Consultants spend their time debating the virtues of slope inventory management System, meaning that a business either focuses on Just-In-Time (JIT) or Theory Of Constraints (TOC) inventory practices.
inventory is kept at the lowest possible level but with a buffer. Re-ordering occurs before the stock runs out. This keeps inventory on-hand and the cost of supplying and holding that inventory low. It’s important to realize this is just one stratagem.
3 Golden Rules Of Inventory Management
2. Stock Accuracy needs to be 98-percent or better To put it clearly, this means that 98 times out of
100 the information in your computer system must match the stock in your store, warehouse or restaurant.
The best way to ensure this constant level of accuracy is to employ the best and most sustainable technological solution for the job. Thus, you and your employees can use your time to better serve customers while trusting that your stock(Stock Control Software) is accurately tracked.
3 Golden Rules Of Inventory Management
3. Know the Service Levels Well a) Critical inventory needed immediately.
b) Non-critical inventory that can wait, but must be on-hand by a certain date.
c) Scheduled delivery of non-critical items received regularly or big ticket items such as furniture that needs to be assembled prior to delivery.
Whether doing business out of a single location or managing a supply chain, inventory management
best practices have a considerable impact on your business. Putting these principles into practice will enable you to make beneficial inventory decisions that maximize profit and minimize cost.
Facts
67% of warehouse plan
to use mobile device to manage
inventory
38 % of merchants plans to expand beyond eBay and Amazon
Within the next 3 years 48 % of B2B
customers are place
25% of business costs are spent on
inventory management
Online sales in the United Kingdom account for 11.7
% of total retail sales.
Why Choose Insight Stock360?
1. Insightstock360 is flexible Web based
Inventory Control system that suits every kind of
business.
2. Enhance the business Profitability
3. Monitors the efficiency of your sales with the
inventory turnover.
4. Improves your Customer Services
5. Reduces the risk of Loss
6. Minimizes administrative Workload
How can we do that?
1. Fasten your sale forecasting process
2. Be more transparent with Customer and partners.
3. Speed up the set up Process
4. Synchronize your planning process
5. Get paid on Time
6. Tec-ID are a well-known supplier of integrated Auto
ID systems providing a wide range of
barcode scanning based hardware, associated
software, wireless infrastructure systems and
installation and support services.
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360 Insight StockContact US
[email protected] The Courtyard, Harris Business Park,
Bromsgrove, B60 4DJ
+44 - 844-870-7873