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How to Streamline Order Processing

 

How to Streamline Order Processing

Order processing can be laborious, and while it’s essential for faultless communication between each stage of the process, that’s easier said than done. There is one key way order processing can be streamlined into a more efficient operation, and this involves clever pieces of software.

What is order processing?
Order processing is the method of getting a product out for delivery once it has been ordered. There are several stages involved in the process including picking, sorting and packing, and depending on the size of the business, this can be done by one person or a group of people.

How can software streamline order processing?
Order processing that is conducted manually using pen and paper is often open to mistakes being made by human error. A growing business will also likely grow in the complexity of its operations, and so the manual processing of orders will become a much slower task that will result in unhappy and unimpressed customers. This is where using warehouse management software for order processing can be hugely beneficial for businesses looking to become much more efficient in their operations.

Generally speaking, warehouse management software can store and share the data of items, including understanding stock levels of specific products, where those products are located in the warehouse, and knowing what stock has been ordered and where it’s going. Having all of this information in one place can help ensure orders are fulfilled efficiently and accurately. It also means any potential delays of incoming stock can be quickly communicated to customers for better customer service.

With a warehouse management system, barcodes can be used to follow items throughout their journey in the warehouse, helping pickers find specific products to fulfil orders that bit more efficiently. Scanning barcodes can also save time and increase accuracy as manually writing product codes is a much slower process, and can be open to error if a wrong number or letter is written, or if the handwriting isn’t easily understandable.

Another benefit of using a warehouse management system is that it can unify all warehouse related tasks into a single orchestrated platform, not just order processing. By having all processes integrated, with information being sent between them, communication can be significantly improved not only between staff, but also to customers.

The future of order processing
With technological advancements moving faster than ever before, warehousing businesses will need to keep up to speed in order to stay competitive and meet growing demand. The likelihood is that businesses still using manual order processing methods in 5/10 years-time will become obsolete, as more businesses move towards offering next day (or even same-day) deliveries thanks to Amazon. Whilst implementing a more efficient order processing method may be more expensive in the short-term (training and set-up costs), implementing a technological solution sooner rather than later means that money can be saved in the longer-term from reduced errors, higher warehouse capacity, and happy customers.

Serial/Batch Tracking with Bit Inventory 50

Tracing stock throughout the warehouse can be a confusing and time-consuming task, particularly if it has to be done manually. Having the capability to monitor inventory using barcodes and intelligent software designed to make these processes simpler, will help improve efficiency and streamline processes within the warehouse.

What is serial/batch tracking?

Serial or batch tracking is a method of monitoring stock throughout the warehouse by assigning serial, batch or lot numbers against items. These numbers can then be used to search for the locations of specific products within the warehouse.

How does serial/batch tracking work in Bit Inventory 50?

Bit Inventory 50 has been designed to make inventory management a much more accurate and efficient process through its integration with Sage 50.

Serial/batch tracking works in Bit Inventory 50 by having specific numbers assigned against products. When a product is placed in a certain location within the warehouse, this information gets inputted into the Bit Inventory 50 software. When a specific product code is then searched, the location it has been referenced in will be brought up, along with the locations it has previously been placed, giving a full view of that products journey through the warehouse.

 

The Bit Inventory 50 software allows for items to be more easily monitored and found, saving warehouse staff valuable time when picking customer orders. This allows businesses using the software to meet customer needs more efficiently, leading to an increased capacity within the warehouse. Bit Inventory 50 is also GS1 compliant, holding all the necessary data for pharmaceutical products within one barcode.

Summary

Serial/batch tracking in Bit Inventory 50 is a simple process of monitoring specific products on their journey through the warehouse, making sure they’re placed in the correct locations ready for picking customer orders. A full history of an item’s journey through the warehouse can also be seen, which can be useful, for example, if a perishable good had been stored in the wrong location and has therefore spoiled.

For more information about how Bit Inventory 50 can help streamline your warehouse processes, contact us today.

Key features of Bit Inventory 50

The key Features of Bit Inventory 50

 

What is Bit Inventory 50?

Bit Inventory 50 (or Bit 50) is an inventory management solution that uses barcoding software to help manage, track and control stock through integrations with Sage 50. Improving accuracy and efficiency, Bit 50 uses advanced technology to streamline processes throughout the warehouse (or warehouses), offering a full scope of information to relevant teams in order to increase productivity. It has been created with flexibility and scalability in mind, to grow with businesses as they develop.

 

What are the merits of Bit Inventory 50?

Order Processing

Bit 50 significantly saves time and reduces errors when processing orders. This is because the software allows users to create purchase orders and sales orders, and post them directly to Sage at the click of a button. This means the systems can be fully automated from receiving the order to picking goods, saving on paperwork.

Goods Received

Purchase orders are automatically sent to scanners, ready to be picked up at any time for deliveries. With the use of modern handheld scanners, stock deliveries can be received in the warehouse with goods-in information automatically updating in Sage. There’s no need for manual data inputs, ensuring the process of receiving goods is much more accurate and efficient.

Despatching

The handheld scanners can be used to pick and despatch items against sales orders, with the ability to automatically print despatch notes. Orders can also be locked when picking, so there’s no more risk of orders being double picked, improving accuracy and efficiency.

Stock Taking

With Bit 50, there’s no need for manual stock takes as the handheld scanners can be used to count stock, whether it’s scheduled or on an ad hoc basis, and inputs the information directly into Sage. This process removes the need for paperwork, and as fewer people are involved, the likelihood of human error is reduced considerably. Comparisons of stock that has been counted vs stock that is featured in Sage can be viewed to identify any potential anomalies, and with the ability to tag transactions to users, any staff members involved in stock takes can be easily found, allowing for any irregularities to be rectified promptly.

 

Summary of Features

Bit 50 has several key features that will help make every stage of processing stock throughout the warehouse significantly more efficient. With the use of modern handheld scanners, order processing, receiving goods, despatching, and stock-taking are all much more accurate compared with manual methods. This efficiency will help businesses meet customer needs as their expectations grow, and increase capacity as goods can be moved through the warehouse more rapidly.

Efficient Warehouse Management with Barcoding Inventory

What is barcoding inventory?

Barcoding inventory is a process that uses barcodes assigned to items to help take stock and track products as they move through the warehouse. A barcode scanner (or RF machine) is used to catalogue and trace stock as it enters and leaves the warehouse, minimising manual processes.

With technological advancements increasing rapidly, customer expectations are also changing. Slow operations that take up too much time processing orders are no longer tolerated, especially in the age of one-click ordering and next-day deliveries. It’s essential that businesses find more efficient ways to operate, and barcoding inventory can help do just that.

How does barcoding inventory increase warehouse efficiency?

There are several ways in which barcoding inventory can increase warehouse efficiency:

  • Simplifying processes
  • Increasing accuracy
  • Optimising operations

Firstly, barcoding inventory can help businesses simplify their processes. By keeping track of stock electronically, there are fewer manual stages in the process of moving goods through the warehouse. This saves valuable time and helps ensure employees understand each stage clearly, leading to a reduced risk of errors.

Following on from above, barcoding inventory helps increase accuracy. With no need for pen and paper, and minimising data entry, the best barcoding inventory management systems hold all the information required to process stock from delivery of items through to stock movements, sale, and distribution. With little-to-no room for costly human errors, business owners, warehouse managers, and their teams can rest assured that the stock information held in these systems are accurate and up-to-date.

With minimal risk of errors and simplified processes, operations throughout the warehouse are optimised and more efficient, leading to the ability to meet customer needs more quickly. This rise in efficiency can help warehouses increase capacity and grow business opportunities further.

Barcode Inventory Management Systems

Implementing a barcode Inventory management system is key to the success of barcoding inventory, as the best systems integrate with existing accounting software to keep track of all the necessary data as well as raise and process purchase orders when needed. With all of the information in one place, businesses can drive efficiency and performance.

Bit Inventory for Sage 50 manages, tracks and controls stock from the point of receiving a delivery to the point of dispatch. By integrating Bit Inventory with Sage, your teams will be able to capture stock transactions through a handheld, modern android scanner in real-time, automatically updating Sage to drive efficiency and eliminating count time by 90%.

Benefits of Barcode Inventory Systems

Barcodes have been part of our lives since 1974 and are now not only used by retailers to organise stock but also by many other industries including aerospace and manufacturing, for a variety of different reasons.

What is a Barcode Inventory System?

Barcode inventory systems are pretty much what the name describes. They are systems that allow you to manage stock in a much more accurate and efficient way using barcodes. The system can help you track and follow items as they move through your warehouse (or warehouses). If you choose the right solution and implement it correctly, it can automate processes to save even more time and transform your business for the better.

 

What are the Benefits of a Barcode Inventory System?

 

The barcode was designed for a reason – to make life easier for retailers, but now, with technology advancing quicker than ever before, there are several key benefits that make life easier for the industries that implement barcode inventory technology.

 

Accuracy

Utilising a barcoding system with inventory management can significantly increase accuracy compared to manual inventory management. By mitigating the risks of human error, barcoding will not only save time for your business but will also offer peace of mind.

 

Efficiency

Implementing a barcode inventory system will significantly increase the efficiency of your processes, allowing you to redistribute the saved time throughout different areas of the business. Making processes more efficient then helps you satisfy your customer’s needs more quickly, which is particularly important nowadays when customers have expectations of immediacy and customers can access products at the click of a button.

 

Simplicity

A barcoding inventory management system will help you keep track of all stock movements electronically. The best systems will also help you keep track of stock even if you have multiple warehouses in more than one location. This helps you simplify your processes as there is less need for manual interference, speeding up your operations without compromising on service delivered.

 

Traceability

The ability to trace stock is a crucial aspect of managing a warehouse. Offering your business functionality including multi-location, batch/serial number tracking, and expiry dates to keep track of perishable products, barcode inventory management systems are designed to make your life easier by helping to create a more agile and efficient business.

 

Summary

To summarise the benefits of barcoding inventory systems, this technology provides four key advantages that include accuracy, efficiency, simplicity, and traceability, with each going hand-in-hand to optimise processes, creating a much more agile business. With a reduced risk of human error, barcoding inventory systems also offer peace of mind that operations run smoothly.

Improve your cash flow by managing your stock efficiently with inventory management software

 

It’s challenging to grow a business without a healthy cash flow. Especially if you have customers or sales channels that are slow to pay, you will be required to pay your own suppliers and employees regardless of whether your customers have paid or not.

One of the tools available to a business to achieve a good cash flow is inventory management. Managing your stock to be able to fulfil orders without holding an excessive amount of inventory allows you to keep your finances liquid.

In this article, we are going to be exploring stock management and cash flow and discussing the role of inventory management software. If it’s not something you’ve spent a lot of time thinking about, it might be worth delving a little deeper, because, for many companies, it directly contributes to their ability to grow as a business.

What Is Healthy Cash Flow?

“Cash flow is the amount of money being transferred in and out of a business. It’s usually calculated and presented on a budget sheet that identifies a company’s inflow and expenditures.”

Simply put, when you have more money flowing into your business than flowing out, you have positive cash flow. This should always be an objective for most businesses because by accumulating the net cash flow surplus, you have the resources to scale operations.

Naturally, there is more to finance than just cash flow. You also have to assess a company’s debt, profitability, and other factors to ensure the financial stability of your business. However, if you are ever looking for a snapshot of your financial position as a business, your cash flow is a really good indicator.

How Inventory Affects Your Cash Flow

Most traditional businesses follow a similar model. They buy inventory, which they then hold as stock whilst they try to sell it. When the inventory gets sold, it converts that stock into cash, giving the company the resources to purchase more inventory and repeat the cycle.

However, buying too much stock can impact your cash flow and worse still, it can lead to waste.

Stocking your supply

Poor visibility of inventory can often lead to miscalculating supply. If you don’t have the ability to properly track the supply and demand of your inventory, you can’t predict how much stock you need to hold at any one time. These stocking issues can become even more prevalent if you are in a seasonal industry where sales can swing drastically depending on the time of year.

For example, without accurate stock reporting and analysis, if your predicted supply is significantly too high, your cash flow can be damaged through increasing expenditures. Your cost of goods increase, as well as the costs associated with carrying your inventory and the demand for your goods, isn’t high enough to satisfy the supply amount you’ve purchased.

In contrast, if your predicted supply is too low, decreasing revenue can also dent your cash flow. If you only have a small amount of stock to sell, you might not be able to keep up with demand. In most industries, if you don’t have the stock available to supply to your customers, they will be buying from your competitors.

 

Inventory Tips to Improve Your Cash Flow

The ability to control your cash flow demands forward-thinking. The best way to achieve this is to employ technology, which can track your inventory trends helping to predict the flow of your cash and avoid costly mistakes.

Track your Inventory Trends

Keeping meticulous records of the quantity of products ordered and sold helps your business to forecast demand and supply. Bit Systems inventory management software simplifies inventory tracking to provide insights into whether you are overstocking or understocking. In creating greater visibility, you can better regulate orders and continually meet customer demand.

 

  • Continual tracking allows you to measure seasonal changes.
  • Adjust supply orders to accommodate demand fluctuations.

 

In precisely measuring inventory flow, you will be better able to match your supply to the demand. You maximise your revenue by meeting customer demand and not tying up cash in additional stock.

 

Summary – cash flow management

Managing your cash flow is essential for any business wanting to scale for two primary reasons. Firstly, available capital provides opportunities for companies to expand into new areas and scale their operations. Secondly, by having visibility over cash flow and stock quantities, you are better able to meet the consumer’s demand and predict future demand patterns. The absence of technology would make the task of managing inventory extremely labour intensive and leave a huge margin for human error, neither of which are useful to a growing company. Bit Inventory management software automates stock control to enable your business to grow through improved cash flow.

The key benefits of inventory management software

 

Growing a business can be tough, and you’ll no doubt encounter many challenges, one of which is inventory management.

As with any business, as you expand, the micro-tasks that seem insignificant during your business’ infancy turn into more critical tasks that, if not kept in check, can lead to serious operational issues.

It is still a common scenario businesses face. They increase sales; order volumes start to skyrocket, but they are still manually managing inventory and delivery. It leads to products being out of stock, late deliveries, and ultimately, unhappy customers.

When you are inundated with orders and “chasing your tail”, it can feel like it’s the worst time to be implementing a new system or taking on staff because you’re overworked and now have to find the time to onboard and train the new staff members.

The Solution: Inventory Management Software

Inventory management software is pretty self-explanatory. It helps you to manage your inventory. In fact, if you choose the right software (and it’s implemented correctly), it can automate and streamline most processes and, in some cases, revolutionise a business. 

We recently spoke with a bespoke manufacturing company that had been manually ordering and managing stock. As the company runs 24 hours, it was difficult to complete a full inventory check. 

When they were able to complete a full check, they found they had over £7 million in steel that was for discontinued product lines. Fortunately, they were able to capture 40% of the cost by reselling the steel, but it was still a significant loss.

There are a variety of business cases to be made for inventory management, from manufacturing to online retail. We have extensive experience working with a wide range of businesses helping them to implement industry-leading inventory management software, which saves time, money and enables the business to offer a better customer experience.

 

Introducing Bit Inventory

Our stock control management software for Sage 50 and Sage 200 provides simple solutions for inventory and warehouse management. Bit Inventory is a GS1 compliant barcoding stock control solution that integrates seamlessly into your existing Sage software to create a fully integrated barcode stock control system. 

Using Sage at its core, it extends and enhances the functionality of Sage 50 and Sage 200 to provide seamless integration with barcode scanning technology to offer a feature-rich, efficient, and easy to use stock control solution.

Bit Inventory for Sage 50

From the moment you take delivery of your goods, right through to the point of dispatch, our barcoding inventory management solution for Sage 50 manages, tracks, and controls your stock inventory.

You gain complete visibility of your stock to provide pinpoint accuracy and control. The advanced technologies Bit Inventory 50 takes advantage of, means that no matter what stock your business holds, how it is utilised, and where the stock is held, even if it is multiple locations, this system can comprehensively manage your inventory for you.

Simply integrating into Sage 50 and using the latest GS1 compliant barcoding solutions, our solution makes your whole stock management process seamless.

Bit Inventory for Sage 200

Bit Inventory 200 is a robust and reliable barcoding inventory management software that integrates into your existing Sage 200 software to create a fully integrated inventory system.

Using Sage at its core, Bit Inventory 200 extends and enhances the functionality of Sage 200 to offer a feature-rich, accurate, efficient, and easy to use stock control management solution that enables your workforce to consolidate data quicker as well as enhancing cash flow throughout your business.

By integrating Bit Inventory 200 into Sage, you can automatically update entries to help drive efficiency and improve performance. You get so much more than just a stock control solution.

 

Man in a warehouse using a hand-held scanner scanning inventory

Key Benefits:

 Accurate inventory management

 Bit Inventory provides you with a solution to capture stock transactions in real-time, with automatic updates and dynamic entries into Sage which leads to increased efficiency and performance. 

 Any movement, adjustment, or change is tracked and updated automatically, so you don’t have to. This dynamic and innovative addition eliminates the duplication of tasks, increases accuracy, and can even validate data in real-time to reduce errors. 

 Improve Your Process

 Any business that is looking to thrive and be successful in today’s competitive market must understand how important it is to have efficient processes in place to support growth. Or at least not to hinder any potential growth. That’s what Bit Inventory offers, a solution to improving processes that currently may be causing errors, consuming too much time and money, or simply something that needs to be in place to support growth.

 Whether you require Bit Inventory 50 or Bit Inventory 200, the running of your business will have never felt so smooth and seamless.

Product Visibility and Make More Profitable Business Decisions

 Product visibility and sales data are vital when it comes to making more data-driven business decisions. Unfortunately, many businesses just don’t realise how much data they’re missing until they implement the right system.  

 With Bit Inventory, you can have the data you require to make more profitable business decisions at a click of a finger. Track current stock levels, compared with forecast, and analyze seasonal peaks using historical stock data. 

 Alternatively, as the example I used earlier highlights, having stock sat in the warehouse can hurt cash flow and ultimately increase wastage which in today’s economic climate is a sin. 

 

For more information on how our inventory management software can benefit your business, please get in touch today.

How manufacturing software solutions can help you to benchmark

Benchmarking within your organisation is a critical step in evaluating performance efforts across your business. This is especially true for manufacturers for them to be able to grow and thrive in competitive markets. With manufacturing software solutions, you can develop best practices and then benchmark against those best practices as well as against competitors to formulate plans of action on how to move forward.

In this article, we are going to look into why benchmarking is important for the success of your manufacturing business, the different benchmarking types, and how manufacturing software solutions can help with keeping your manufacturing processes consistent.

Smart industry intelligent manufacturing isometric composition with robotic arm and automated conveyor delivery warehouse production vector illustration

What is benchmarking?

Benchmarking is a common practice that many industries utilise. It is a way for businesses to compare the best practises across the industry to discover areas of improvement and to gain a competitive advantage. Benchmarking can be applied to any process, approach, function and department; however, it all relies on accurate information. The process of benchmarking primarily focuses on measures like quality, time, effectiveness, and efficiency. With a manufacturing software solution, you can benchmark successfully by gaining an insight into your manufacturing processes in real-time. With accurate and up-to-date information, you can distinguish where the problems are and identify areas that need improving. Without accurate and reliable data, you cannot benchmark efficiently and can end up losing a lot of time and money in the process.

Smart industry machine intelligence in manufacturing storage unit isometric composition with computer controlled robotic trolley vector illustration
What is the goal?

Different businesses use benchmarking for different reasons. The main reasons are usually to improve product quality, increase sales and improve business performance and efficiency. The core of benchmarking involves looking externally from your business and examining how others are achieving a high level of performance and the processes they implement to maintain a continued success. The main goal before you can start benchmarking is understanding how your business is performing first. With more and more manufacturers relying on technological advances within the manufacturing industry, investing in an intelligent software solution that is specifically engineered towards your needs, will help to increase operational visibility, boost throughput and allow your business to become more competitive.

Benefits of using manufacturing software solutions to benchmark

There are four primary types of benchmarking that you can consider for your organisation:

Internal – analysing measures and improvements that can be made to your business, processes, and functions internally.

Competitive – compete with your competitors directly and compare your results to theirs. This can be anything from specific products, services or methods and operations.

Functional – This involves comparing your results with a business outside of your industry with similar functions. This is particularly useful to identify ‘best-in-class’ processes.

Generic/Combined – Comparing standard metrics or unrelated business processes and functions that can be practiced in the same or similar ways independent of industry.

Regardless of type, benchmarking is achievable and can help your business to become more successful. The initial, yet most important benefit is establishing baselines and being able to compare them with actual results. By using a manufacturing software solution, you can set clear goals and with accurate insights and infrastructure, you can mitigate risks to help move your company in the right direction.

These baselines might include:

  • Understanding how your business compares to your competitors
  • Improving company efficiency
  • Tracking the progress of business goals, aims and objectives
  • Identifying areas for improvement
  • Discovering new opportunities for growth
  • Motiving employees and analysing personal performance
  • Improving products and streamlining operations

Smart industry intelligent manufacturing fully automated welding line with remote controlled robotic hand isometric composition vector illustration

How can manufacturing software solutions help your business?

Manufacturing software solutions help you to use key benchmarking dimensions like quality, time and cost to gauge your metrics, for example manufacturing cycle time, unplanned machine downtime, costs to manufacture and deliver, plus many more. You can collect data, track results and implement new operations quicker and more successfully.

Bit Manufacturing offers a solution that automates time-consuming and repetitive tasks and can help to determine how your business is performing at any given time. By maintaining a consistent level of benchmarking, along with having right manufacturing software solution in place, manufacturing companies can implement continuous lean manufacturing improvements to gain better insights into the effectiveness of their processes.

Bit Manufacturing can:

  • Meet delivery deadlines
  • Reduce manual errors
  • Manager every stage of production
  • Accurately track deliveries
  • Record and track warranties
  • Manage minimum stock levels
  • Improve cash flow
  • Reduce waste
  • Record returns and write offs
  • Improve quality control

 

For more information on how to get a full picture of your factory processes from start to finish, get in touch today.

Finding the best barcode stock control system for your business

Managing inventory requires a high level of accuracy and foresight. Any errors in inventory tracking, data entries and forecasts can result in serious issues such as depreciation, unnecessary purchases, inadequate stock levels and inaccuracies across your warehouse as a whole. Fortunately, we now have automated inventory management software systems that operates through a barcode stock control system designed to eliminate the need of managing your inventory manually.

Inventory management software was built to facilitate different types of companies of all sizes to track their inventory electronically. In order for a barcode stock control system to fit seamlessly into your operations, it’s essential to find a barcode stock control system that suits your specific needs so you can get the most from your software.

In this article, we’re going to discuss some factors to consider when finding the right inventory management software for your business.

business manager with hard hat using a barcode stock control system

Determine what you need from a barcode stock control system

The first step is determining what you want the inventory management software to accomplish. In order to achieve this, you need to understand your requirements first. Identify the challenges you are facing currently in managing your inventory and what you are looking for in a solution to remedy those challenges.

Ask yourself the following questions:

  • Do I want to save time on inventory tracking?
  • Do I just need to keep track of my stock levels?
  • Do I need to improve on budget planning?
  • Am I getting accurate insight on my warehouse?
  • Is it solely about saving costs?

Businesses who don’t track their inventory or use a manual method to track stock, can end up taking a loss due to overstocking, under-stocking or wastage. Fortunately, with a barcode stock control system you can pinpoint surplus, wastage and low levels of stock for you in advance. When you achieve clarity on your inventory, you save both money and time.

using a stock control system on a tablet

Is the barcode stock control system relevant to your industry?

Depending on the industry you are operating in, you may have complex specifications and a customisable inventory management system may be required. To distinguish if the inventory software can meet your specific needs, ask your vendor and how long it will take to customise it.

It is also important to consider the barcode stock control system integrations with existing programs or processes. From accounting, to logistics, your company may use a variety of software solutions to handle your operations. For maximum efficiency, it is good to identify whether they are compatible. Your business will benefit immensely if your inventory solution can work with your existing programs.

These platforms should sync together so they can work in unison to streamline your daily operations and save you time. For example, Bit Systems, offer a Stock control for Sage, a simple solution for inventory and warehouse management. Bit Inventory at its core, extends the functionality of Sage 50 to provide seamless integration with barcode scanning technology to offer a feature-rich, efficient and easy to use stock control solution.

barcoding scanner in a warehouse

Will your inventory software scale?

Another element to consider when choosing a barcode stock control system is the flexibility and scalability. You want a software solution that will grow with your business and if the software does not scale well, it could impede growth in the future. If your business is growing consistently, you should find out if the software you are considering is suitable for multi-devices, how many users you can add, whether it is a web-based or an on-site system. Flexibility is a pivotal factor to consider, especially if you have multiple sites or warehouses.

What data can you access?

Your barcode stock control system should never limit your access or insight into your processes and operations. You should be able to access your data, import and export when you need to and find exactly what you are looking for when it comes to your inventory. If the inventory management system you are considering only offers periodic updating, you will only be shown what items were in stock at the time the count was done (whether it was performed a few hours ago, a week ago or a month ago). Our Sage solutions are dynamic so you can monitor stock with precision, recognise and act upon trends in real-time and you can access it any at time, from anywhere. This means you can deliver more of what your customers want, when they want it. Data-supported analytics allows you to pursue your next business opportunity with confidence.

using a stock control system on a tablet
What key features are available

Checking for key features is something to keep in mind researching for inventory control software. The best inventory management software systems have an easy to use dashboard that provides both robust functionality and a complete view of your inventory.

If you need help, don’t hesitate to ask your vendor which features will best help resolve your inventory needs. Below are a few but essential features that you should expect from any high-performing inventory control system:

Multi-device Inventory Count – Using multi-devices that will sync automatically will simplify inventory tracking and eliminate any inefficiencies.

Inventory Movement Tracking – You should be able to view all inventory by item almost instantly to see what’s selling and what isn’t.

Product categorisation and stock alerts – By getting updates in real-time ensures you always have the items that your customers want available to maximise your sales and increase customer experience and loyalty.

Robust analytics and reporting – Gain the insights you need to improve profit margins and compare your budget to reality. You can then forecast and stay agile in your industry.

Does your barcode stock control system have a user-friendly interface?

This point is most often overlooked by business owners, while in fact, having a user-friendly interface determines how effective the implementation of a barcode stock control system in your business. It is no good having an inventory management system that ticks all the boxes when it comes to features and functionality but is too complex for your warehouse operatives to use. If it is difficult to navigate operational processes and inventory functions, it might be better to find a more user-friendly software. Remember to also ask about the available support options. Most vendors offer a range of documents, demos and support measures. If these are not readily available, it could be a red flag.

If you are interested in learning about integrated inventory solution that always keeps your products updated—whether they’re in-store or online—contact us today.

5 ways that a barcoding inventory system can improve your customer experience

Business is competitive, no matter what industry you are in, so staying ahead of your competition means having the edge over them. Refining your processes or making business alterations is vital in ensuring success; this has been highlighted even more so with the current pandemic we are all going through. So, if your business is adapting, how can you ensure success? A barcoding inventory system uses the utilisation of barcode labels to transform your warehousing business. The benefits of a dynamic and flexible Sage barcoding solution is something businesses may often overlook and underestimate in regard to the true impact they can have in your warehouse.

In this latest blog, we are going to explore how a barcoding inventory system can help your business and give you a better understanding of how they can improve customer service effortlessly.

1 – Accurate Inventory Management

Manual inventory management can take up time and resources, and more often than not, leaves ample room for human error and data inaccuracies. By using a barcoding inventory system that is packed with features that minimise manual labour and data entry, it will help employees to complete stock related tasks quickly and easily but most importantly, accurately.

This means much more for your business than just a linear benefit, as your organisation will save money in the process by increasing productivity. On top of this, you will also benefit in regard to stock security, as you are able to track and monitor your inventory in real-time with a Sage barcoding inventory system.

 

a barcoding inventory system can improve customer experience

2 – The ultimate goal: satisfy your customers urge for immediacy

Consumers can get almost everything on-demand now – from retail to hospitality to manufacturing. We are living in a digital age whereby users are getting accustomed to accessing products at a click of a button. This sense of urgency is a common theme that many businesses, especially warehouses, are still trying to adjust to and learn how to manage. A Sage barcoding inventory system that uses barcode scanning technology means you can simplify processes without compromising on service; one of the most considered elements when conducting internal reviews. Being able to electronically keep track of all data and stock levels means you can provide your customers with products, faster. The less time you spend on manual inventory management means the more time you have to meet the demands of your customers.

meet the demands of your customers with barcoding inventory software

3- Abolish process delays with a barcoding inventory system

High-speed scanning will give you instant access to real-time data at the touch of a button. You can be at the heart of your warehouse accessing one centralised hub of communication. Insight is a powerful thing when it’s done correctly, with Sage barcode scanning you can identify weaknesses and eradicate them. It also gives your employees tools to help do their jobs more efficiently and more accurately. By facilitating your workers, they can then deliver to the customer with the highest level of productivity and efficiency.

 

Abolish process delays with a barcoding inventory system

4- Don’t settle for limited functionality

Our barcoding inventory system allows for both linear and 2D barcodes for every type of business, allowing you to track and monitor different types of barcodes. 2D codes are becoming increasingly popular in many sectors and by implementing barcoding technology, your business will easily capture barcodes codes. All of the labels printed are GS1 compliant, to ensure standards of business communication.

barcoding inventory system - functionality

5- A barcoding inventory system that can do it all

Our barcoding inventory system can provide your business with a wealth of functionality, from batch and serial number tracking to multiple warehouse locations and expiry dates for perishable products. With a modern user interface and flexible options for adding functionality, customer service automatically achieves the highest standards.

barcoding inventory system - barcoding scanner

Want to find out more?

Bit Systems offers a suite of solutions that can cater to different sectors. We pride ourselves on being able to offer solutions that are tailored towards your needs. From the moment you take delivery of your goods, right through to the point of despatch, our barcoding inventory system manages, tracks and controls your stock. For more information on how this could be implemented within your business, feel free to get in touch.