Stock/Inventory control is one of the biggest headaches experienced by shop managers, procurement people and purchasing agents. Most companies and/or Inventory Managers will address these headaches during massive, days-long physical inventories/stock taking. Once counts are made, it’s even more work to sort out the difference and adjustments needed to correct inventory quantities.
While annual physical inventories are important, they are a frustrating strategy for handling inventory tracking. Go on the offensive with regular cycle counts. Cycle counts are a small scale inventory count on a rotational schedule. Giving a few minutes each day to count a manageable section of inventory allows most companies to be able to count their entire inventory for a month.
This does several things:
First, it creates a reliable inventory within your Inventory Management solution mostly on ERP.
Second, it gives procurement personnel a much better idea of what he needs to purchase and how much, reducing inventory shortages.
Third, it makes for less stress and fewer surprises during the annual count.
Lastly, with minimum stock rules, you will be able to raise automatic purchase order(PO) direct from stock Items.
How do you keep track of your inventory/stock? In spreadsheets or within an ERP system? Does this ERP connect your stock with your sales and accounting? What about your delivery system? Is every item scanned out of your inventory automatically updated in your software?
Odoo Inventory Management is all you will need to fulfil your stock management problems/challenges, it is fully automated(integrated with sales, procurement and accounting) and flexible enough for your tailored business.
Above all product/items moves on your inventories i.e whether is sold, receipts, delivered or scraped are bein recorded on its appropriate location and can be tracked anytime of your audit preferences.
So, Odoo Inventory Management provided 360 degree view of your Inventory in real time, nothing to loose or fear when using this solution.
Singo Africa Limited proudly, provides Odoo ERP Solution that connects together every aspect of your business, whether is accounting, payroll, inventory management, procurement, CRM, Production, Sales, Point of Sales(shops, restaurants) all are in one business software solution.
Please feel free to contact us or schedule a personalized demo here for your business. We are here to help you grow your business exponentially with a beautiful and powerful yet easy to use software solution.