Done right, it allows companies to assess their current state concerning assets, account balances and financial reports. Inventory control enables the maximum amount of profit from the least amount of investment in stock without affecting customer satisfaction. According to the 2017 “State of Small Business Report”, almost half of small businesses do not track their inventory, even manually. Successful inventory control requires data from purchases, reorders, shipping, warehousing, storage, receiving, customer satisfaction, loss prevention and turnover. With the appropriate internal and production controls, the practice ensures the company can meet customer demand and delivers financial elasticity. Inventory control, also called stock control, is the process of ensuring the right amount of supply is available in an organization.
AUTOMATE INVENTORY CONTROL FOR SMALL BUSINESS SOFTWARE
This guide provides everything you need to get started on inventory control. Middle East, Nordics and Other Regions (opens in new tab)Įverything You Need to Get Started and Become More Efficient.United States / Canada (opens in new tab).Advertising & Digital Marketing Agencies.Advertising and Digital Marketing Agencies.
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