You may be facing an uphill battle right now when it comes to the profitability of your small business. The economy took a big hit recently and it will take some time to recover. That means you're probably looking for ways to cut costs and increase profitability. Today's post will help you do just that. Keep reading to learn how Stockpile can help get you back on upswing.
Out of Stock
During the recent pandemic out of stock scenarios were common place. With people hoarding hand sanitizer, toilet paper, and canned goods finding one of these items on the shelf was akin to winning the lottery. Now that things are returning to normal it's important to avoid out of stock situations whenever possible. Running out of an item can mean more than just losing a single sale. Disappointing your customers can lead to a negative impression of your business. It can also send customers to your competitors. The impact of not having an item in stock can lead to negative ripples that will hurt your business for weeks or even months to come.
Of course, the flip side is the overstock situation which can also be bad for business. If you have stock on hand that isn't selling you are losing valuable space storing it. It can also make it harder to locate items that are needed by your customers. When you can't find what they want, even when you're sure you have it, that is a problem. Typically, businesses end up discounting products to get rid of overstocks. That can mean selling items at a loss which is seldom good for business.
To keep your business in that sweet spot where you have the right amount of product and can easily locate what you want you need Stockpile. Stockpile is the small business inventory management system that can help you save time and money on a daily basis. Thanks to areas and locations you can pinpoint where items are stored. This makes it easy to find what you need quickly. Because Stockpile is fully customizable you choose which fields to include in item records. This allows you to track all the details that are important to your unique business. Creating item records is simple, but be sure to add those extras that will provide benefits down the road. Don't just enter the quantity, color, style, size and manufacturer. You can add additional information such as related items, replacement parts and more. Once you have data in Stockpile you can easily access it with just a few clicks. That means you can provide extra value to your customers with ease.
Running reports is simple as well. You can easily generate the reports you need for end of year inventory or tax time. You can even view your inventory on the go thanks to Stockpile's mobile compatibility.
Stockpile is available for free which means you can add multiple users to the system. This makes it easier to keep item records up to date. As items move around your business you can track their whereabouts so that you always know where to find them. Stockpile even works across multiple locations. Our system grows with you as your business grows. Plus, we're always adding functionality and new features to meet your needs. Looking for barcode scanning and more? Keep checking back. We're adding updates all the time. Save time and money with Stockpile. Ready to see what we can do for you? Try Stockpile today!