How does your company manage inventory control?

by Sergio Canovas

 
Carrying out the balance of goods, checking product availability and prioritizing items that must be kept in stock are part of business management. And to coordinate all these processes, time and efficiency is required. That's why, for a company big or small, keeping track of inventory is so important.
 
Many entrepreneurs believe that the strength of the companies is focused on the commercial part and is found mainly in the sales area. However, administrative processes have already proven how necessary it is to carry out inventory control. By controlling the entry and exit of products, it is possible to dimension the necessary quantities of stock items, thus justifying the amount invested in management software tools.
 
With an appropriate management software (ERP), obtaining inventories and controlling stocks is optimized. In this way, it is not necessary to generate several spreadsheets because the entire inventory update process occurs in an integrated manner with the operations. An ERP system provides reports to carry out consultations and analysis of the purchase and sale of the products offered, which consequently facilitates decision-making in the purchasing process.
 
Thus, the entrepreneur is able to meet high and low demands, maintaining product turnover and ensuring the supply of goods. When a company does not carry out inventory management, it is possible that deviations and waste occur, resulting in lost sales when you think that a certain product is out of stock and, in fact, it is not.
 
Keeping track of stock indicators frequently is critical. Managing orders placed and canceled, tracking delivery status, checking the volume of products in stock, and handling reservations for new sales allows for the identification of gaps in existing processes.
 
The PrimeStart management software allows the registration of all the company's products, where the items are separated by quantity, unit and total values, inflow and outflow. When performing the registration, it is possible to consult the products in stock, plan, control and generate reports of the most diverse types.
 
 

Sergio Canovas is managing partner of P2S Tecnologia