What is Stock Management in Water Delivery Software?

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WHAT IS STOCK MANAGEMENT IN WATER DELIVERY
SOFTWARE?
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Stock management is a crucial aspect of any
business, and the bottled water delivery business
is no exception. Stock in the water business
includes filled water bottles, empty water
bottles, and total available bottles. Managing
bottled water stock manually can take time and
effort. This is where water delivery software
comes into the picture. Stock management is one
of six modules integrated with water delivery
software. This blog will cover stock management
features, benefits, and overall functionalities
of this delivery software.
WHAT IS STOCK MANAGEMENT?
Stock management also known as inventory
management or inventory control, is the process
of planning, organizing, and controlling a
businesss product count. It involves purchasing,
storing, tracking, managing, and selling consumer
goods.
IMPORTANCE OF STOCK MANAGEMENT IN BOTTLED WATER
DELIVERY BUSINESS

• Stock management in the bottled water delivery
  business refers to planning, organizing, and
  controlling bottled water inventory. Bottled
  water inventory includes
• Filled water bottles
• Empty water bottles
• Total bottles available

WHAT IS WATER DELIVERY SOFTWARE?
Water delivery software is an integrated
subscription-based scheduled delivery management
software. It comprises six modules subscription
order management, stock management, payment
management, delivery management, customer
management, and reporting and analytics. This
presentation focuses on the stock management
module of this delivery management system.
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HOW DOES WATER DELIVERY SOFTWARE HELP YOU MANAGE
BOTTLED WATER STOCK?
Water delivery software offers various stock
management features that enable you to manage and
track your stock. In the water delivery business,
bottle tracking is one of the major aspects that
can seriously impact your profitability. Features
of water delivery software that help in efficient
stock management are
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STOCK REPORTS The software generates stock
reports that include data such as available
filled water bottles and water bottles required
to fulfill demand for the next 7 days. The report
also shows a low list of items that must be
purchased or acquired to satisfy the demand. You
can set your inventory to a low stock cut-off.
The term low stock cut-off means that when any
product hits this cut-off value, it gives low
inventory alerts and starts showing within a red
bar. INVENTORY COUNTING When you implement the
software, you must record the inventory for the
first time. After that, the inventory is
auto-calculated based on orders and
purchases. EMPTY BOTTLE REPORT Managing empty
bottles is one of the major aspects of the water
delivery business. This water delivery management
software enables you to connect bottles with the
product, i.e., water, and add the bottle deposit
amount to the product. The invoice shows the
amount and is refundable when the customer
returns the empty bottles. The drivers collect
and log the empty bottles in the system that are
auto-updated in the admin panel. STOCK TRANSFER
MANAGEMENT The software supports a multi-vendor
or multi-hub approach. You can manage and track
the inventory of multiple hubs or stores from a
single platform. This allows you to transfer
inventory from the hub with more inventory to the
hub with insufficient inventory. PURCHASE
ORDERS You can create a purchase order (PO) for
the items that are low in stock. Purchase orders
can be created if you are selling third-party
products. You can take a printout of the purchase
order or download it to send a mail.
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BENEFITS OF STOCK MANAGEMENT WITH WATER DELIVERY
SOFTWARE
The features and functionalities of the water
delivery software offer benefits that help you
manage and track bottled water stocks
efficiently. Implementing this delivery software
helps improve your business productivity and
overall profitability. The major benefits of
stock management with delivery management
software are
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SAVES COSTS Efficient stock management can
prevent overspending on product storage,
minimizing storage needs and losses. Having a
precise inventory report prevents you from
overstocking. IMPROVES CUSTOMER
SERVICE Implementing the software can help you
avoid stockouts and overselling (selling products
unavailable in inventory). The reports enable you
to replenish your inventory levels, meet customer
demands, and improve sales and customer
service. Operational efficiency Automating stock
management can help you improve your order
fulfillment process and streamline product
purchases or production. REDUCES RISKS Managing
your inventory with delivery management software
reduces the risk of stockouts and overstocking,
which could indicate poor financial resource
management. It prevents customers from buying
products with a low or no stock count. EFFECTIVE
DEMAND PLANNING Precise inventory reports can
help you efficiently plan product demands and
make data-driven decisions. Customer demand,
available stock, and the latest market trend
analyses can help you make rational and factual
purchase decisions.
CONCLUSION
Implementing effective inventory management with
our water delivery app development services can
help you manage your inventory and other aspects
of your water delivery business. The software
solution covers order processing, payment
collection and reconciliation, multi-stop
delivery planning, business reporting, and
analytics. Book a demo to see Water Delivery
Solutions and how we can help you streamline your
water delivery services. Resource Link
https//www.waterdeliverysolutions.com/blog/what-i
s-stock-management-in-water-delivery-software/
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Contact Us
www.waterdeliverysolutions.com
info_at_waterdeliverysolutions.com
111 Peter St Toronto, ON M5V 2H1 Canada
1(647)227-3695