How to select a inventory management system for your small business

Maintaining correct inventory levels for your small business is a tough challenge. If not properly managed, your inventory can result in a significant expense for your business. The cost of carrying inventory has become a major expenditure and requires extreme attention. The benefits of properly controlling your inventory far outweigh the costs of not doing so.

Now, how do you go about selecting a good <inventory control system> for your small business?

First, an inventory system should have some basic characteristics that one should consider when preparing to choose. Ease of installation and operation, ease of use, vendor reputation, local troubleshooting and support.

Once an inventory system is live, there are certain key functions of which it should be capable.

Specifically, the inventory system should:

  1. Process the inventory within your company – Activities include the receiving of inventory, the sale of inventory, return of inventory, the rejection and scrapping of inventory
  2. Help facilitate purchasing – Should provide notifications of items at re-order points determined by management
  3. Allow online inquiry by management and give reporting capabilities – Should provide online inquiry capabilities into the inventory status and value by different locations plus allowing descriptive information to be obtained for each item. This information should be obtainable from different terminal locations. The system should be capable of generating operational and management reports such as Stock Status and Inventory Movement.

An online inventory system such as <Stockpile from Canvus Apps> can be a big asset to your small business. This system can help you control the inventory of your business anytime, anywhere while doing so effectively and efficiently . This will not only cut costs for your business but will have a dramatic impact on the financial bottom line. Signing up and giving Stockpile a try is free. So go now, and see why a great number and constantly growing number of small business owners are trusting their inventory control needs to Canvus Apps and Stockpile, our free online inventory system .

 

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