Sports Fans Know You Need to be Prepared

Any good sports fan will tell you, it all comes down to preparedness. By the time you get to the championship game you’ve proven that you’re a good team. Both teams are good, the one that wins is that one that was the most prepared. As a small business owner you have to be prepared not just for your championship game but for each and every time you face competition.

There are a number of factors that go into your overall preparedness but inventory management clearly plays a big part. The best marketing and sales strategy in the world won’t do you any good if you can’t provide the good or service that you promised. To deliver you’ve got to have the manpower and the materials. To review our tips on staffing check out our previous posts here and here. Today we’re going to focus on inventory management issues.

Number one, you need to know what you’ve got on hand and where you’re keeping it. Even if your small business is very, very small you likely have inventory stored in a few places. Things can easily become hidden on shelves, or in drawers and cabinets. Add in additional rooms or entire other locations and the problem only gets more complex. You can try to rely on your memory but that is a sketchy plan at best. If you have employees that also move inventory around, it becomes impossible to keep track of where things are very quickly.

Utilizing a free easy online inventory system like Stockpile makes it easy to track items within a single location or across multiple locations. As you add inventory you assign it to a location. When that item moves whether it sells, is reported damaged or simply transfers to another spot within your business it’s easy to update the record in Stockpile. Now anyone can quickly and easily look up that item’s location.

Stockpile, free easy online inventory system,  also provides reporting functionality that makes deciding when you need to reorder a simple process as well. Have you ever lost a sale because you ran out of something? Then you know full well how critical this is. You can’t afford to disappoint your customers. Competition is fierce and they can, and will, turn to your competitors if you can’t provide the items they are looking for.

On the other hand, you can’t afford to have inventory taking up valuable space if it isn’t selling. You need to be on top of what’s hot and what’s not so that you don’t order more of the things that aren’t moving. Sometimes it’s easy to tell that stock is languishing on the sales floor but keeping up with the things in the back room can be a bit trickier. Stores with multiple locations may have items that sell like hotcakes in one location but they can’t give them away in another. You need to know this so that you can move items to the location that will move them.

Get Ready to Win | Get Stockpile Our Free Easy Online Inventory System

Whatever sport you follow, you know that champions are made, not born. Become a champion - Try Stockpile today!

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