![]() ![]() Simple inventory system, which is designed to automate some stock control processes, but that doesn’t have all the features companies need as they grow and thus has to be replaced every few years.Excel spreadsheets, which are great for storing information, but they can’t be automatically updated, so they have to be updated by hand by someone with specialized knowledge of a custom inventory management system.A pen and paper, which is quick, but easy to lose notes and nearly impossible to data mine and use to plan for future physical inventory needs.There are four main ways to maintain inventory in your small business or enterprise. As its name suggests, inventory control helps you maintain control over your inventory level so that you make the best use of your resources and avoid product spoilage and obsolescence. Plus, they avoid devoting precious warehouse space to hold those products, which cuts down on carrying costs and affords more room for faster-selling finished goods.īy using inventory control, you are able to protect against making rash decisions and you also avoid the pain and expense that come from overstocking on inventory. ![]() This saves businesses time and money because they don’t have to spend lots of man-hours reordering and receiving goods that they don’t really need.
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