Inventory management refers to the process of ordering, storing, using, and selling a company’s inventory. This includes the management of raw materials, components, and finished products, as well as the warehousing and processing of such items.
Inventory management helps companies identify which and how much stock to order at what time. It tracks inventory from purchase to the sale of goods. The practice identifies and responds to trends to ensure there’s always enough stock to fulfill customer orders and proper warning of a shortage.
How SalesAssist Inventory Management Feature Work
Sales Assist is a powerful tool that can help you to optimize your inventory.
Batch code tracking
The SalesAssist Batch Tracking feature allows you to group and monitor a set of stocks that share similar properties. With Batch Tracking, you can,
- Track the expiration of items.
- Trace defective items back to the batch that they belonged to.
Inventory Tracking
Warehouses require a workforce to keep a tab at every step. SalesAssist Barcode tracking lets you track your inventory accurately. Product Barcode, batch code, and other important things here are the things that let you know about your inventory.
- Product tracking
- Tagging
- Reports and Audits
Inventory Alerts
SalesAssist inventory alerts automatically notify you when inventory levels fall below the thresholds you set. Alerts can be triggered based on a minimum quantity in stock, or when your position falls below an estimated number of days on hand. Use inventory alerts to give you advance notice on when you should resupply your stock, and/or know when levels are so low you may be losing sales.
Inventory Forecasting
You would never want to disappoint your customers with their favorite products out of the stock. Would your inventory forecast as the name suggests lets you find out which products are going to be out of stock soon and what’s in abundance? This is a great trick to have up your sleeve for serving an excellent user experience to your customers. The biggest advantage of forecasting is it gives you the control and wisdom of spending your resources wisely. You should be more alert about sales attributes such as size, color material, scent, and other features to better appear. This gives you a better judgment of purchase quantity and a better understanding of what to purchase when
Here is what your business gets with SalesAssist Inventory Management
- Powerful future insights
- Align Sales and Marketing efforts
- Reduce the risks of stock-out
- Lower holding costs
- increase turnover rates
- maximize assets efficiency
- Inventory forecasting
Benefits of choosing SaleAssist as your inventory management software
Make Informed decisions
Every aspect of a business’s ability to generate profit is dependent on having enough inventory on hand. Through a variety of built-in reports, Dynamic Inventory allows customers to make informed decisions based on real-time data from the software. By providing you with a glimpse of past sales success, our Inventory Control System will provide you with the resources to properly estimate future sales.
Increase efficiency and productivity
By lowering the amount of time spent on common and complex operations, our Inventory Management System will assist increase efficiency and productivity. SalesAssist offers a user-friendly interface that allows users to quickly report, search, and input data, as well as manage inventory.
Track Inventory across multiple locations
Business owners need to be able to maintain track of inventory levels at each location when their company expands into several locations. Users can monitor inventory levels across various locations with SalesAssist strong multi-location tracking model.
Avoid Running Out of Stock
Use our Low-Stock Alerts to get notified when products fall below your selected threshold, preventing you from running out of stock. Users will also get access to our Low Stock report, which lists all items that need to be replenished and can be broken down by location.
Reduced costs-
Another big benefit of inventory management software is that it helps you reducing on inventory usage, stock status, and performance event software