Inventory Management: Stop Losing Money on Stock
Complete guide to inventory management software. Reduce wastage, optimize stock levels, and improve cash flow.
Why Inventory Management Matters
Poor inventory management costs businesses 3-5% of revenue. With the right software, you can turn inventory from a cost center to a competitive advantage.
Key Features
Stock Tracking
- Real-time quantities
- Multiple locations
- Batch tracking
- Expiry management
Reordering
- Automatic reorder points
- Supplier management
- Purchase orders
- Lead time tracking
Analytics
- Stock turnover
- Dead stock identification
- Demand forecasting
- Cost analysis
Industry Applications
Restaurants
- Ingredient tracking
- Recipe costing
- Wastage monitoring
Hotels
- Amenity supplies
- Linen inventory
- Minibar tracking
Construction
- Material tracking
- Site inventory
- Tool management
ROI of Inventory Software
| Improvement Area | Typical Savings | |-----------------|----------------| | Stock-outs | 20% reduction | | Overstock | 15% reduction | | Wastage | 25% reduction | | Admin time | 30% reduction |
Conclusion
Good inventory management directly impacts profitability. Invest in software that gives you visibility and control.
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