Does your business buy and resell goods? What type of inventory system are you using? Whether you do this in a store or from the comforts of your own home, managing inventory for your business can be a pain because of the time consuming process of doing hard inventory counts. Especially, if you're not tracking on an ongoing stock count and this is a redo every time you take stock of your current inventory.
It is also difficult to identify which items are the most profitable for your business without proper inventory tracking. Using an inventory system, like Stockpile by Canvus, can make managing these two aspects of your business less time consuming and reduces the headaches caused by what it takes to identify the products that are bringing in the most profit into your business. Stockpile gives business owners the ability to track the unit cost of an item when it comes into the business and the average current cost of the item when it leaves the business. The difference between the sale price and average ongoing cost identifies the profitability of that particular item. Using this key metric along with inventory turnover will help you, the business owner, identify the products that are the most profitable to your business. Using these numbers will also help you identify what products aren't profitable for your business.
Stockpile allows business owners to setup users based on three roles. This allows control for the business owner so only certain people have access to perform certain functions within the application. Stockpile also gives business owners the ability to setup multiple locations within a single company to be able to manage inventory across all those locations. The applications greatest benefits are the accessibility of the application through an device with an internet connection. This includes smartphones, tablets and computers. The second benefit of the application is that it is free. Yes, I said it. It is free. It is hard to find a useful tool for your business without it costing something.
