Inventory Management

Why Do I Need It?

dylan-gillis-KdeqA3aTnBY-unsplash

From small businesses to multi-million-dollar businesses. Managing inventory across the globe or even in your home garage is an essential part of running a physical product business.

Knowing what to order and when to order products or materials is vital to most companies.

I spend too much time on Inventory Management

Time is money, by now you know that, also products in stock is money. This is the trade-off you have to make when weighing your options for what’s important to your company.

I found early on if I don’t have the systems in place to manage our inventory, then I am the system, and I better hope I don’t break at some point. Things must go one.

tim-gouw-1K9T5YiZ2WU-unsplash (1)

Inventory Can Be Complicated.

carlos-muza-hpjSkU2UYSU-unsplash

The complexity of lead times with shipping options for products can be a nightmare. It sounds like basic math, but the real issue is sales velocity, which translates into inventory demand.

Understanding this everchanging number with the lead times is the real question, that’s why we use software systems we have developed in combination with API connections to keep numbers continually calculating.

Asset 3

What We Do For You

Daily – our clients receive Inventory reports that detail the location and movement of stock, reorder points, sales per day, and units on order.

Weekly – our clients are provided a manual review of their inventory and any action items that need to happen for the week. i.e., Stock re-orders needed, shipments to Amazon or other warehouses needed, Overstock issues, delivery updates, etc.

Monthly – our clients receive the COGs and Inventory On Hand numbers for their bookkeeping. This can be a time-intensive process that we can process through our tracking and software.

Integration Solutions We Manage

woocommerce
Walmart
Shopify
ebay
amazon-FBM