In any industry, a key to being profitable is to manage expenses and grow revenue. Managing expenses can be done by reducing payroll, which more than likely is any businesses largest expense. In a goods-based business, inventory is usually the first or second largest expense. Payroll and inventory have the most flexibility when it comes to being able to reduce costs for a business. A business's ability to reduce staff during off peak hours or certain inventory items that are not selling well will definitely increase a business's bottom line. Small business owners have a hard time tracking these two costs unless they are always at their business and do hard inventory counts frequently. Our online inventory system can help.
Businesses also can lose revenue by not having inventory readily available for customers. As a customer, don't you hate it when a store doesn't have the item you are looking for because they are out of stock. Using an inventory system such as Stockpile can help a business owner by tracking trends and meeting customer demand. It would be very helpful for a business owner to be able to identify what their business's peak hours are for doing business and appropriately staff their business during these times to help potential buyers and improve customer service. A business owner can also reduce staff during off peak hours to cost payroll expenses when it is not needed. An inventory management system can also help a business owner identify what inventory items they need to keep in stock by tracking items that are being frequently sold and are needing to be restocked. As mentioned above Stockpile, The inventory management system by Canvus, provides this functionality for business owners. It provides business owners the ability to track these trends from anywhere using a phone, tablet or computer that has an internet connection. Did also mention that it is FREE.
