important three reasons for inventory management
DESCRIPTION
In small businesses, people often don’t see the importance of inventory tracking. The loss of inventory or waste of perishable goods becomes pretty evident when the profit margins are drastically dropped.TRANSCRIPT
Important Three Reasons for Inventory Management
Accely Grouphttp://www.accely.com
http://www.accely.com
Inventory tracking to accurately calculatation
➢ Every business must keep a track of total goods sold
➢ Inventory tracking will make it easier to calculate the cost of goods sold
➢ Without maintaining a physical inventory of your merchandise each and every month
➢ But if you move a lot of inventory, it is advisable to do a physical inventory check periodically
➢ To calculate the cost of good sold, you must take your beginning inventory
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Inventory Management for maintaining
➢ Inventory management and tracking of your inventory levels will simplify your ordering process
➢ If you know many of a certain item is available in the stock then you will easily determine
➢ Inventory tracking and management can easily be incorporated within your sales system
➢ That your inventory levels are always up-to-date all the time
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Ensure Exceptional Customer Service
➢ Having a good inventory management system that is well integrated
➢ An automated sales system will inform you right away whether or not an item they are ordering is in stock
➢ Customers will be immediately informed of the latest inventory status
➢ Such kind of service will make your customers feel better when dealing with you impersonally via Internet
➢ These are three major reasons why inventory tracking and management is important for your business
➢ There are number of softwares available in the market that will help you simplify the process of inventory tracking
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