The definition of inventory is the total amount of goods and/or materials contained in a store at any given time. We made certain our inventory management system, Stockpile, took into account how inventory is defined. Both literally and figuratively in the features placed around inventory management within our system. Business owners need to know the exact number of goods/materials on their shelves and storage areas in order to place orders and control losses from theft and/or spoilage. An example would be a car body shop which needs to order more tires or oil based on their current supplies and customer needs, or an Avon representative who needs to order more hair-care products due to growing demand. Both of these types of small businesses depend on an accurate account of their inventory to provide them with critical answers.
Inventory can be referred to as both the total amount of goods on hand at any given time and the act of counting them. Businesses take an inventory of their supplies regularly in order to avoid running out of popular items that are for sale. Others take an inventory to insure the number of items ordered matches the actual number of items counted physically. Having too much or not having enough goods/materials after an inventory assessment count can indicate a problem with theft or can reflect an inaccuracy of accounting practices. All of which are important for any small business demanding success to lessen and avoid.
The first step for small businesses is obtaining a flexible, durable, reliable inventory system which can provide them with an accurate way of obtaining the benefits mentioned above and avoid the pitfalls. Stockpile by Canvus Apps is a great online inventory system for small business owners. It is flexible, durable, reliable and best of all FREE with support provided by Canvus Apps representatives. If you are a small business owner in search for a great inventory system, try Stockpile today!
