Nov 30, 2018
We all know that in any business one must manage sales, numbers and dollars together. They all get analyzed one time or another together. Does it make sense to have your inventory and accounting working together in almost real-time? We have taken a look at why this might be important and how it will help you track orders, manage stock and most importantly satisfy our customers.
Cut Business Expenses
Managing inventory should not be an intensive and often error riddled process that can delay fulfillment and impede cash flow. Too much inventory increases capital short-term carrying unnecessary costs and lack of inventory can impact sales. With an inventory management solution you can rigorously control your warehouse and common errors.
Customers demand that their orders are fulfilled quickly and accurately.Integrating accounting with inventory management can accommodate all price changes, margins and bottom line profitability. Managing all orders from the view of the customer also provides you additional information about what a customer may have bought in the past, order frequencies, quantities and more. You also may be dealing with a net new customer and this also can play a role in how one serves a customer’s needs.
If you have the information of your inventory at your fingertips one can understand inventory resources and understand sales trends from one main location. Data and time are essential in business and managing every detail is mission critical. If one is to analyze what is important one needs to understand inventory and align the business accounting practices together.