Actual Requirement for your inventory - PowerPoint PPT Presentation

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Actual Requirement for your inventory

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Managing the Inventory System of your business is very crucial and tough job as well. You should look for the most reliable and effective stock control system through which the data can be managed and shared with ease. You can know which product is low in stock and you can renew the stock as per the same. You can also know about the highest and lowest selling products through that list. Thus, your overall business can be managed nicely with the help of this system. – PowerPoint PPT presentation

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Title: Actual Requirement for your inventory


1
Actual Requirement For Your Inventory
  • Presented By
  • Simon Burgess
  • info_at_insight360.co.uk
  • 8 The Courtyard, Harris Business Park,
    Bromsgrove, B60 4DJ
  • 44 - 844-870-7873
  • http//stock.insight360.co.uk/

Presented By-
2
3 Golden Rules Of Inventory Management
  • Supply and Demand is an Art Form
  • Due to the evolution of the
    constructing industry in recent years.
    Consultants spend their time debating the virtues
    of slope inventory management System, meaning
    that a business either focuses on Just-In-Time
    (JIT) or Theory Of Constraints (TOC) inventory
    practices.
  • inventory is kept at the lowest
    possible level but with a buffer. Re-ordering
    occurs before the stock runs out. This keeps
    inventory on-hand and the cost of supplying and
    holding that inventory low. Its important to
    realize this is just one stratagem.

3
3 Golden Rules Of Inventory Management
  • Stock Accuracy needs to be
  • 98-percent or better
  • To put it clearly, this means that 98
    times out of 100 the information in your computer
    system must match the stock in your store,
    warehouse or restaurant.
  • The best way to ensure this constant
    level of accuracy is to employ the best and most
    sustainable technological solution for the job.
    Thus, you and your employees can use your time to
    better serve customers while trusting that your
    stock(Stock Control Software) is accurately
    tracked.

4
3 Golden Rules Of Inventory Management
  • 3. Know the Service Levels Well
  • Critical inventory needed immediately.
  • Non-critical inventory that can wait, but must be
    on-hand by a certain date.
  • Scheduled delivery of non-critical items received
    regularly or big ticket items such as furniture
    that needs to be assembled prior to delivery.
  • Whether doing business out of a single
    location or
  • managing a supply chain, inventory
    management best practices have a considerable
    impact on your business. Putting these principles
    into practice will enable you to make beneficial
    inventory decisions that maximize profit and
    minimize cost.

5
Facts
25 of business costs are spent on inventory
management
Online sales in the United Kingdom account for
11.7 of total retail sales.

67 of warehouse plan to use mobile device to
manage inventory
Within the next 3 years 48 of B2B customers are
place
38 of merchants plans to expand beyond eBay and
Amazon

6


7
Why Choose Insight Stock360?
  • Insightstock360 is flexible Web based
  • Inventory Control system that suits
    every kind of business.
  • Enhance the business Profitability
  • Monitors the efficiency of your sales with the
    inventory turnover.
  • Improves your Customer Services
  • Reduces the risk of Loss
  • Minimizes administrative Workload

8
How can we do that?
  1. Fasten your sale forecasting process
  2. Be more transparent with Customer and partners.
  3. Speed up the set up Process
  4. Synchronize your planning process
  5. Get paid on Time
  6. Tec-ID are a well-known supplier of integrated
    Auto ID systems providing a wide range of barcode
    scanning based hardware, associated software,
    wireless infrastructure systems and installation
    and support services.

9
360 Insight Stock Contact US
  • https//www.facebook.com/InsightStock360/
  • https//twitter.com/360insightstock
  • https//plus.google.com/u/1/114639550306560562883

info_at_insight360.co.uk 8 The Courtyard, Harris
Business Park, Bromsgrove, B60 4DJ 44 -
844-870-7873
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