How To Improve Your Inventory Turnover Ratio?

Let’s be honest: all-night stock take blitzes and over-complicated excel spreadsheets are painful to use, unnecessarily labor-intensive, and incredibly outdated.Why torture yourself and your team when there are cheaper and faster options available online?

Luckily for you, cloud inventory management is actually more affordable than the old-school methods you’re currently using and that’s just one perk.Below we’ve compiled seven reliable ways, cloud inventory management is a smart investment for your business.

Instead of combing through piles of reports from different systems and departments or worse making “educated” guesses cloud software lets you view up to the minute data on inventory levels through easy-to-understand reports and dashboards.And instead of relying on special, manual stock-takes that require extra labor and could interrupt your operations (costly for growing businesses and large, multi-location companies alike), cloud inventory software often includes features like QR code tracking that allow you to actively measure stock as it flows through your operations which can save you much more than the cost of a monthly software subscription.But the time-savings don’t end there the automation cloud inventory systems bring can drastically reduce the number of costly human errors you and your team make.2.Get Up-To-Date Inventory Reports & InsightsIf you’re business savvy, you probably know your top 5 best-selling products but do you know your lowest-selling?

You may notice how well you sell during Christmas, but do you know when demand actually peaks and troughs?Questions like these are answered by inventory reports automatically generated by cloud software.

By knowing your lowest-selling items, you can make strategic decisions like upgrading those products, changing your marketing tactics, or ditching them altogether to focus on something new.And knowing when demand for your products is actually at its peak, you’ll be able to order enough stock without overdoing it, saving money and storage space while also maintaining enough safety stock to prevent “out of stock” notices that cost, you customers.With the inventory reports, you’ll get from cloud inventory software, you’ll be able to deeply understand the last quarter so you can effectively forecast for the next, which means better customer service and faster business growth.3.Speed Installation & Easier Employee TrainingThe old way of doing business required you to install software on each and every computer your team uses and have a dedicated IT department to keep that software running.This cuts into profits slow down training time and increase labor costs.

Cloud software doesn’t require any additional employees or special hardware you just log in and get to work!And since they don’t rely on dedicated in-person training to teach your team how to use the new software, most cloud companies have streamlined their software’s learning curve so that everyone can understand the basics and start using it on day one.4.Quick QR Code Tracking SystemsQR and barcodes are essential to modern cloud inventory management; if you’re not using them, you’re practically living in the supply chain dark ages.Paired with the right cloud software, they provide detailed, real-time insight into your inventory levels across your operations, saving you from ordering too much (which forces you to sell at clearance prices) or ordering too little (which forces you to break out that costly “out of stock” sign).While this is a more effective strategy than depending on educated guesses, with a reliable cloud inventory management system that uses QR or barcode technology, a few simple changes to your production processes can provide much more accurate data that lets you know exactly how much inventory you have in stock – saving you hours of time and reducing human error.5.Smooth & Continuous Ecommerce IntegrationCan you imagine manually entering all the data from your e-commerce platform into your inventory management system, and then again into your accounting software?

We find a scalable solution for our customer by building an accounting & inventory software to ease their daily activities like accounting, many issues of inventory, daily billing etc.

We have experimented on our product and it is easy for an employee to know the functionalities of our accounting & inventory software within few minutes.

It is not necessary to be an expert computer user to use our software.

Our documentation is written in a better way so that everyone can understand.

The main benefits of using our inventory and accounting software are advanced Powerful inventory management system, better tracking of the expenses of your company, more advanced reporting capabilities etc.

Our software has a time-tracking tool for counting billable hours.

Every business needs an ERP today.

And here are the reasons why your business must use ERP to meet the huge consumer demands & advancements of technologies. 

Alfa Cybernetics inventory management software designed for clothing storesSynchronize and organize inventory data across all channels with the cloud-based checkout system designed specifically for today's retail industry.Manage a single inventory database for all your stores and online store.

You can make it on clothing store inventory software.Use product matrices to organize similar products, such as jeans and different shade modelsSave time by importing multiple products at once with the import toolCombine custom tags and categories to make it easier to find by brand, color, size and more.Easily sell online with an intuitive e-commerce solutionGrow your business with e-commerce software designed to grow your business and sync the inventory of all your clothing stores with your ecommmerce.Easily import inventory information and sync information from your stores to your eCommerceSelect a theme from a variety of customizable templates suitable for mobile devicesView, modify and organize your shipments from your online back-storeUse the built-in tools to improve your SEO and drive traffic to your online clothing store.Place orders efficiently and save timeBuying goods is just as important as selling them.

Optimize the way you shop with a checkout system that helps you get what you need fast.Transfer and receive items from one store to another with a single clickSet reorder points, so you never run out of your most popular itemsOrder from multiple suppliers at once with flexible purchase ordersCreate master orders to organize and stock multiple stores at once.Access sales data that will help you make good decisionsNeed to monitor your margins?

To keep track of your sales trends?

Alfa Cybernetics helps you stay in control with over 40 built-in reports.Generate inventory reports via clothing store inventory software to track returns, negative quantities, unit costs and moreTrack end-of-day results and seasonal trends with programmable sales reportsMake calculated changes to optimize your profits with margin and performance reports by categoryFilter your reports to include your online sales data directly from your checkout systemEverything you need to record sales and get paid in one placeAccept any amount, from any card, from any issuer with one predictable rate.

No third party accounts or hidden fees - only integrated payments, fast and secure.

Emsonlineplus dependent on Enterprise Resource Planning (ERP) programming is any of various programming stages that unite client relationship the board, bookkeeping, center HR, and production network the executives includes together in solitary programming.

In view of the intricacy and number of highlights accessible through ERP programming, it has been customarily embraced by enormous venture partnerships, yet ongoing years have demonstrated that ERP programming is helpful notwithstanding for little and medium-sized organizations (SMBs).

ERP programming enables groups to solidify their apparatuses into one brought together framework.

Rather than paying for independent memberships for a store network the board, center HR, CRM, sending, and stock programming, groups pay for a solitary stage that handles every one of these undertakings in a brought together framework.

Contingent upon the organization's size and multifaceted nature, diminishing the quantity of programming framework memberships can essentially cut the month to month overhead.

ERP programming is best described as a class of classifications: each case of the product can be comprised of different highlights and modules that best suit the necessities of the obtaining organization.

You must choose which one will fulfil your specific business needs today while also allowing you to adapt to changing needs in the future.Industry-specific ERPs, often known as vertical solutions, are designed to satisfy the needs of a particular industry.

With that insight comes a solution that alleviates those problems.

Keeping this in mind, it's easy to understand how an industry ERP system can be helpful for you to run your firm.What are the advantages of ERP Systems?Improved Business Reporting:More powerful reporting capabilities with real-time dataOne integrated database for all business processes — a single source of truthBetter customer service:Customer data is more easily accessible.Faster response timesImproved on-time deliveryImproved order accuracyImproved Inventory Costs:Avoid these typical problems by carrying only as much inventory as is required.There's too much inventory, and the overhead costs are too expensive.Inventory shortages and extended customer fulfilment timesIncreased Cash Flow:Improved invoicing and collection methods to increase cash flow.Faster cash indicates the company has more cash on hand.4 Unique Industries which widely use ERP SoftwareNow quickly check the list of industries that uses ERP software mainly.Education ManagementEducation, unlike other sectors and businesses, plays a critical role in driving a country's economy and bears the burden of providing the world with clever and informed citizens.

School management system is created to address difficulties in a single unified education management solution.Retail ManagementRetail ERP has a wide range of features that automate navigating between the many channels engaged in the multichannel buying experience.

It enables the rapid mobility of data, allowing decision-makers to achieve the best potential outcomes while making well-informed, data-driven decisions on the fly.Warehousing and LogisticsOne can control warehouse activities as well as shipment activities with the help of logistics ERP software.

It is a basic yet structured program that helps users to handle stock, packaging, loading-unloading, and shipping activities with less effort and fewer errors.Wholesale DistributionDistribution management is a cloud-based wholesale distribution ERP software that aids businesses in managing their supply chains and logistics, such as warehouse management, inventory management, and order management (sales and purchase orders).

PMS Inventory Software is an inventory management application that monitors your business, buys, and warehouse inventory.

Stock is the stock that a firm keeps up to meet its future necessity for production and selling that is the reason inventory management software is significant for your business.

The fundamental justification for holding inventory is to keep up the production activities unhampered.

Inventories are a piece of the current manufacturing association that keeps up the stock of crude materials, work-in-progress, completed goods, spare parts, suppliers etc.

Try our inventory management software to manage your business.Various parts of an inventory management system are barcode scanner, barcode printer, barcode label, inventory software etc.

PMS best inventory management software works alongside barcode for inventory tracking and control.

People who've been in the construction industry understand the pressure of a tight deadline and a tight budget.

But, unforeseen circumstances often arise that send the plans drawn up out of the window and induce the workers to specify a new schedule and new margins to the project.

Entrepreneurs should be aware they can depend to get their project back on track, when efficiency is at stake.ERP Software is a business solution that provides high-performance tests using data from different construction processes such as accounting / financial management, contractor management, device / inventory management, human capital management, job management, supplier management, provide and customer administration.ERP construction software incorporates disparate software systems into a single whole solution, so that site supervisors can have tools to effectively handle the entire life span of a job, such as:CRMEstimated costAuction AdministrationDirection of contracts and purchase orders (PO)Read More: https://bit.ly/3cWgUZO

The OneBusiness ERP Project management software ensures the accurate, efficient, profitable predictable exercise of different tasks in a business Schedule a free Demo todayRead more...