23 Nov How to avoid stock-outs with Inventory Management Systems
Customers want what they want and are very specific about when they want it. Maintaining a balance between sporadic customer demand and the sometimes unpredictable supplier lead times is crucial. Sometimes, it can be challenging to strike a sustainable balance to avoid overstocking or understocking your warehouses. These days, customers hate waiting, and nothing will get you a 2-star online review quicker than the delays caused by stock-outs.
Conversely, you also don’t want to keep excess stock gathering dust in your warehouse. Inventory Management Software (IMS) enables you to track inventory levels, and quickly identify reorder points of each of your products, and further allow you to avoid stock-outs.
Acumatica Inventory management software provides real-time inventory data. With access to accurate demand forecasts from the reports and historical sales data, you can order just enough stock to cater to varying demand levels throughout your trading periods.
Inventory management software ensures that you maintain optimal inventory levels while optimizing your spending and avoid having too much or too little stock at any given time. Real-time inventory data surfaces insights on your sales trends, which allows you to minimize the time between paying for the inventory and realizing revenue.
Inventory management used to be a headache until the emergence of complete and integrated Inventory Management Software that seamlessly ties in with your ERP, allowing you to streamline your stock management processes while keeping accurate records of your finances.
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