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Sage inventory management software can help you save time and money

What is Sage inventory management software?

Do you currently run a business that has a demand for more advanced inventory management? Perhaps you rely on manual processes or have an inventory management system in place that is simply not meeting the demands of your growing business. Investing in sophisticated and advanced inventory management software could be just what your business needs and could even help you save time and money. Manual inventory processes can be time-consuming and poor execution and communication in your inventory process can have a detrimental effect on your business. Mistakes can be made, meaning your business is relying incorrect and unreliable information which could lead to poor decision-making down the line. Our Sage inventory management software uses the latest technology, designed to improve inventory processes and procedures using software and hardware. PSS for Sage 50 and Sage 200 is a quick and easy to implement stock control solution for greater authority over your inventory management.

sage inventory management software
Save time with Sage

Manual inventory processes can be extremely time-consuming, no matter what size business you are running. When looking to improve business efficiency, it is important to stop and think, is this the best way employees can spend their time? When you invest in inventory management software for your business, a once time-consuming task becomes quick and easy through automation. PSS for Sage 50 and 200 automates many aspects of inventory management. PSS handheld scanners allow employees to complete stocktakes accurately and efficiently in a fraction of the time, it is the ideal inventory management solution for warehouse use. Order processing no longer needs to be a time-consuming task when you invest in Sage stock control software. You can generate purchase and sales orders at the touch of a button and post the document directly onto Sage, dramatically reducing administration time.

When it comes to inventory management, stock control for Sage 50 and Sage 200 can help you save time not only in processing orders but also in planning for the future of your business. Stock control for Sage centralises all aspects of your business data, collating all information on a unified and easy to navigate dashboard. Using data from various department such as sales, warehousing and accounting, you can retrieve reports on customer spend and behaviour concerning all areas of your business. With Sage at its core, you can have real-time updates, meaning you have accurate, up to date data you can rely on and you no longer have to spend time waiting for data updates. Our inventory management software collates all of this data for you, making it easier to track sales and performances and saving you the time-consuming task of manually collecting reports from each different department within your business.

handheld scanner in a warehouse
How can Sage inventory management software save your business money?

Businesses everywhere, no matter what their size are always looking for ways that they can save money and help their business succeed. Many businesses automatically look at their marketing spend and their product and service pricing when it comes to cutting costs, without realising that streamlining their inventory management process can help them save money. With inventory management software, you can optimize your stock levels by setting minimum and maximum stock levels on your PSS for Sage system. You can receive alerts when stock is running low and find out exactly how much stock is required to meet the maximum level. Running out of stock can be a problem of the past, you can rely on accurate reports and forecasts based on real sales and make accurate stock plans for the future. This means you can prevent wasting money on overstocking items that aren’t in demand while ensuring you always have a minimum stock level available in the event of an unexpected surge of demand.

With Sage inventory management software, you can streamline and control all areas of your warehouse processes. PSS handheld scanners allow employees to complete jobs in a fraction of the time, increasing not only their job satisfaction but also efficiency within the workplace. Many businesses have to factor in warehouse downtime when it comes to tasks such as annual stocktakes due to how long it takes to complete. However, with Stock control for Sage 50 and Sage 200 stocktaking time can be reduced by up to 90%, it simplifies warehousing tasks and allows for a more accurate and reliable warehouse management system, saving time on stock tasks and saving you money on labour costs.

Businesses with perishable stock such as those in the food or cosmetic industry can suffer from money loss through the wasted stock. Using the latest barcoding technology, stock control for Sage allows you to assign data, such as expiry dates to each of your stock items through the touch of a button. Product numbers, serial numbers and expiry dates can be stored in your product barcodes and you can even track which product line is reaching its expiration date first, to aid in stock rotation and allowing you to sell the stock with this information in mind. Using this inventory management software feature, you can save money by preventing wasted stock.

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What else can stock control for Sage do for my business?

When you choose to invest in inventory management software, you can help improve your business processes, save time and money, but what else can stock control software do for your business?

Improve customer service: Customer service is key to helping your business succeed. The better your customer service, the more customers you will attract and retain, leading to more business and increased profits. Inventory management software gives you all the data and oversight you need to meet orders efficiently and ensure that your stock levels are always adequate to avoid disappointing customers with out of stock items. With the advanced reporting tools from Sage, you can plan for demand and find out what customers are interested in, and create targeted campaigns from this to show that your business cares and listens to what customers want.

Improve business growth and efficiency: Business growth and efficiency is something every company strives for and with stock control for Sage, you have to tools to accurately forecast for the future. Using real-time data and sales information you can set targets for the future based on your business history with ease on the simple to navigate dashboard. These essential tasks can be completed quickly and easily with reduced admin time by avoiding manual data collation, meaning you can make better decisions for your business.

If you need an advanced inventory management software for your business, contact Bit Systems today to find out how we can provide Sage stock inventory management software designed to suit your business needs and help you on your journey of growth and success.

How Sage barcoding can help you manage your small business inventory

Upgrade your manual inventory system with Sage barcoding

When running a small business, it’s important to have a complete overview of all areas of your business so you can remain in control and make changes where needed to increase your business’ success. Inventory management is a crucial part of many businesses. An inventory management solution can give you the tools to find out exactly what products you have, the quantity of each product and how your inventory levels impact other aspects of your business, such as sales and customer service. Manual inventory processes can leave your business vulnerable to mistakes and can be time-consuming, ultimately costing your business money. Sage barcoding can help you take control of your inventory management and create an inventory system that is suited to your business, improving efficiency and helping your business grow.

Upgrading your manual inventory icon

What is Sage barcoding?

Sage barcoding is a stock control and inventory management solution that integrates seamlessly into your business’ Sage software. Sage barcoding allows you to track and manage your business’ inventory in real-time and automate tasks, saving your business both time and money – something every small business strives to do. Our Sage barcoding solution uses the latest GS1 compliant barcoding standards to deliver products, shelf edge or pallet labels for your business. You can generate linear and 2D codes, containing data such as product codes, supplier codes and pricing information.

Sage 50cloud: Easily and efficiently manage, track and control your small business inventory with Sage 50cloud. Using a barcoding handheld scanner, you can receive and send updates regarding your stock, capturing data and stock transactions in real-time and allowing for increased accuracy across your inventory management. Automating inventory management with the handheld scanner can dramatically reduce errors, eliminate the duplication of tasks and can reduce stock count time by up to 90%. These benefits allow you to use your time more efficiently, focusing on other areas of your small business and spending less time on manually processing your inventory.

Sage 200cloud: Sage 200cloud provides a robust barcoding system for large scale inventory management and businesses who want a fully integrated inventory management solution. As a growing business, you may want to upgrade from Sage 50cloud to Sage 200cloud. With our Sage barcoding solution, upgrading from Sage 50cloud to Sage 200cloud is simple, with the same user interface for both Sage 50cloud and Sage 200cloud little training is needed to upgrade.

barcoding scanner illustration

Why inventory management is important for small businesses

You may think that as a small business, that you don’t need an advanced inventory management system, however, Sage barcoding is designed to improve the efficiency of your inventory management process no matter what size your business.

As a small business, you may rely heavily on your reputation and more often than not, this comes from customer experience and the service they receive. Having the right stock available at the right time is key to maintaining high levels of customer experience and by not having sufficient stock levels available, you risk leaving your customers disappointed, which could cause them to go elsewhere for their goods. Inventory management solutions such as Sage barcoding allows you to forecast for seasonal events, and you can also receive notifications alerting you to low stock items, meaning less possibility of disappointing your customers with out of stock items.

Budgeting and finances are important for every business to succeed and make a profit, but this is especially important for small businesses competing against larger companies whilst trying to grow and develop. Sage inventory management allows you to manage goods in, goods out and carry out stock takes as well as managing minimum and maximum stock levels. Issues such as overspending on stock or understocking due to inaccurate stock management can be a problem of the past when you invest in Sage barcoding. By implementing a barcoding inventory management solution, you can have a real-time view of all of your stock levels as well as accurate reports on inventory trends, helping to prevent a loss of sales through accurate forecasting, and allowing you to prepare your business for busy and seasonal periods.

Sage barcoding vector illustration. Professionals working on financial reports, analyzing data sheet. Team of accountant using bookkeeping software

Inventory management techniques to help your small business

Many key techniques can help improve your small business’ inventory management. Many of these techniques can be enhanced by Sage barcoding, allowing your inventory management process to be structured and efficient.

Forecasting – Accurate forecasting with real-time stock levels enables you to order stock and update your inventory based on your business predictions such as seasonal trends, historical sales, marketing input etc. Sage barcoding is completely integrated into your Sage accounts and can centralise this information from all areas of your business to collate a forecasting report based on real events. You can access all of this information through a centralised dashboard, with its easy navigation allowing you to accurately forecast and implement inventory actions.

Business growth and strategy concept illustration

Utilise real-time software – No matter what industry you are in, at Bit Systems we know that the world of business can be a fast-paced and an ever-changing place to navigate. Investing in software that uses real-time data allows you to always be on top of your inventory management. Sage barcoding uses the latest technology to deliver real-time notifications, meaning you are always up to date on your inventory. You can receive notifications on low-stock items, high-stock items and track product deliveries.

Business illustration of using real time software for sales conversions

First in, first out – Stock rotation is an important technique when it comes to inventory management. The first in, first out approach is essential for perishable products. Selling products in relation to their expiry date will help save your business money through waste prevention. Non-perishable products also benefit from this technique, many products may become damaged or can be left sitting on the shelf too long reducing their value and possibly making them unsellable. With Sage barcoding, you can use the latest technology and retrieve information regarding stock from just using their barcode. Information such as order date and expiry date can be applied to products, allowing you to stay on top of your product rotation and make sure you always have the news and highest quality stock available.

At Bit Systems, we are committed to providing quality inventory management solutions to businesses of all sizes. We are specialists in stock management solutions and have been providing advice and delivery solutions for over 20 years. If you’re ready to take control of your small business’ inventory, contact us today.

Choosing the right manufacturing software solution

What is a manufacturing software solution?

If you are running a manufacturing business and want to make your business processes simpler and more efficient, a manufacturing software solution from Bit Systems could be just what you need.

In manufacturing, every detail and operation that takes place contributes to your business’ efficiency, success and growth. A complete manufacturing software solution can help you to oversee all aspects of your manufacturing process and identify key processes and improvements to help your manufacturing business thrive. Technology is becoming more and more prevalent in businesses across a range of sectors, and our manufacturing software solution uses advanced technology to automate aspects of your manufacturing processes and operations. From stock tracking to production planning and job delegation, the right manufacturing software solution can help your business simplify and automate a range of tasks, improving your overall business efficiency.

Not only can a manufacturing software solution help improve your business, but it can also help you keep up with your competitors, ensuring your business is constantly improving and not falling behind when it comes to providing efficient and quality service. When you choose Bit Manufacturing from Bit Systems, your manufacturing software solution can be tailored to suit your business needs.

Icon of a hand holding a red puzzle piece. Used in a Bit Systems manufacturing software solution blog.

What problems can the software solve?

No matter what kind of business you’re running, there is always room for growth and improvement, and a manufacturing software solution can help you get there. When it comes to finding the right manufacturing software for your business, finding out what problems the software can solve and how it can improve your business processes is essential. Have you ever wanted more control over your manufacturing processes, or wanted to reduce costs whilst increasing your productivity? Bit Manufacturing uses the latest technology to improve efficiency across your business. Designed with the manufacturing industry in mind, a Bit Systems manufacturing software solution can help your business in the following ways:

Icon of a calendar with days ticked off and a yellow and blue clock representing a deadline.

Meet delivery deadlines Bit manufacturing provides integrated and centralised automated operations systems for manufacturing. You can get live updates and set reminders regarding jobs. With all of this information ready and available, you never have to worry about missing a delivery deadline again, making your business timely and efficient as well as providing quality customer service that could increase business success.

Icon of a black and yellow warning error symbol. Used in a Bit Systems manufacturing software solution blog.

Reduce manual errors – Automating tasks that were once carried out by workers means reducing the risk of human error. Automated data leaves less room for error and allows your workforce to focus on other tasks, making their time more productive and efficient and saving your business time and money in the long run when tasks are done in less time, without error.

Icon of shelving with warehouse stock on.

Manage stock levels – Complete control and foresight over your business’ stock levels can help your manufacturing business save money and plan for the future based on real data. Restocking before it’s too late is easy when you have complete oversight and tracking, with minimum stock level settings and system notifications telling you when you need to restock, leaving customers disappointed with out of stock items can be a problem of the past.

Icon of a green dollar symbol with purple arrows circling it. Used in a Bit Systems manufacturing software solution blog.

Improve cash flow – With detailed insights on your manufacturing operations, task management and stock levels, you can accurately plan for the future with real-time data. Forecasting your business outgoings is simple when you have Bit Manufacturing to help you.

Icon of a grey waste trash can.

Reduce waste – Through controlled stock levels and the ability to store product information such as dates detailing when it should be sold by, you can reduce your business’ waste and in turn, save money. You can also reduce wasting business time by tracking and assigning tasks, with automation allowing tasks to be simplified and completed in a fraction of the time.

Icon of a brown delivery box with a red location pin above to represent delivery tracking. Used in a Bit Systems manufacturing software solution blog.

Accurately track deliveries – Do you ever face issues with delayed or lost deliveries and feel helpless, with no control over the situation? Bit Manufacturing allows you to accurately track deliveries, so you can have complete oversight on your business logistics. With updates on factors that could affect deliveries and accurate expected delivery times, you’re in control when you choose a Bit Systems manufacturing software solution.

Icon of a grey conveyor belt with stock boxes on and a large grey cog showing a manufacturing process.

Finding a bespoke manufacturing software solution

At Bit Systems, we work with you to provide a manufacturing software solution that works for your business. From the moment you enquire, we find out as much as we can about your business processes and industry, highlight key areas that can be improved, to allow us to create a solution that is right for you. Many aspects of Bit Manufacturing can be tailored to give your business a bespoke experience. Using the latest technology, Bit Manufacturing can provide you with dynamic insight and intelligence on all aspects of your manufacturing processes. Reports can be tailored to suit your working schedule, so you get the data you require when you need it most. Our dynamic dashboards are detailed, yet simple to use, allowing you to easily navigate real-time graphs and charts that break down your business operations. All of this data is readily available at the touch of a button and is also designed to work in cohesion with Excel, so you can export data and analyse your findings with Excel tools.

Bit Manufacturing is part of the Bit Systems solutions suite, all of our solutions are built on the Microsoft.NET platform so they can all be seamlessly integrated into Sage 200cloud.

If you want to improve your business’ efficiency and overall performance, contact us today to see what Bit Manufacturing can do for you.

Everything you should know about logistics management software

What is logistics management software?

In today’s fast-paced digital age and with increasing demand for products and services now rather than later, an efficient logistics and distribution solution has never been more crucial. To keep up with the ever-increasing demand, many businesses are turning to logistics management software to keep up with competition and utilise technology to help take their business into the future.

Logistics management involves the flow of your business processes, it manages your whole business process from origin to final delivery destination. This can involve anything from the selection of transportation and delivery methods to any form of planning that involves taking goods and services to a consumer. A logistics management solution can help automate the business processes that take you from development to production. Logistics management software often consists of features that will aid in production, planning, sourcing, packing and delivering of goods and services.

 

 

Bit Logistics – the solution for your business

Bit Logistics is a logistics management solution that has been carefully developed over the years to help businesses improve and automate their delivery processes. We strive to make sure all businesses can streamline their delivery process, helping your business to ensure that every delivery arrives at the right place at the right time. At Bit Systems, we are proud to have a vast range of experience and expertise in large-scale transport businesses, which has allowed us to gain the skills and knowledge required to help business logistics and transport planning to become as efficient as possible. Built on the Microsoft.NET platform, our logistics management software solution can be seamlessly integrated into Sage 50 and Sage 200. So, if you need a logistics management software that can work in cohesion with your accounting solution, we have got just what you need. Designed with the transport industry in mind, Bit Logistics houses all of your business data in one centralised system, making it much easier to manage. You can control and track your assets and use the collated and centralised data to have greater control over your business profitability.

 

 

How logistics management software can improve business efficiency

Every business wants to improve efficiency and implementing a logistics management software can help you do just that. Logistics methods rely on time, accuracy and dependability and a Bit Logistics solution can help you improve these areas as well as track actions, meet targets and keep your customers happy. Time is pivotal when it comes to business efficiency. The more time you can save, the faster your business can grow, improving efficiency and in turn, increasing business profit. Effective transport management through a logistics management software can help save time and reduce workload, giving you complete control of your logistics. Bit Logistics can give you greater control and flexibility, allowing you to have greater visibility over all processes including planning and scheduling. You can utilise the data and analytics on the centralised system to make relevant changes to your business processes. For example, predictive maintenance for your transportation, allowing you to plan for downtime and make sure any replacements necessary are in place before it’s too late, helping you to keep up with demand and avoid disappointed customers.

 

 

Bit logistics can improve your business efficiency in many ways, including:

Improved job planning
Use the centralised database and analytics to accurately plan how long jobs can take, allowing you to create real working timetables for your employees.

Improved order entry
Reduce the risk of human error through the automatic input utilised in Bit Logistics. Orders can be automatically received into your Bit Logistics system.

Accurately track deliveries
Never lose track of your deliveries with real-time updates. With Bit Logistics, you can also manage failed deliveries and charge for redeliveries if your customer is closed when your driver arrives.

Improve visibility
Take complete control over your business’ logistics management and access data with ease through one centralised system. With Bit Logistics management software, you can also have an internet portal for your customers to be able to see their delivery and collection updates.

Increased security
Never lose track of your business assets with accurate tracking, making your business and everything in it safe. With Bit Logistics, you can capture signatures and photographs at the site with visibility through the customer internet portal.

Meet delivery deadlines
With improved efficiencies, better time management and complete visibility of your logistics process, Bit Logistics can help to dramatically reduce the risk of missing deadlines. Bit Logistics also integrates you’re your customers sending emails or text updates when deliveries are due.

 

 

Does your business need a logistics solution?

Are you still wondering if your business needs logistics management software? Do you manage a transport fleet and rely on them to run your business, taking your products from location A to location B? If so, our Bit Logistics solution which has been designed with transportation in mind could be the solution you are looking for. Bit Logistics can help your business improve efficiency and in turn, cut costs as well as streamline your business methods and save money whilst doing so.

Bit Logistics management solution comes with many great key features for business improvement. Order entry is easy with automatic input, shipping updates and bulk printing of shipping labels and lists at the touch of a button. Your business can be one step ahead with the ability to plan, manage and track all of your orders in real-time – so there’s no need to worry about missing crucial deadlines. You can have complete knowledge of your business’ logistics at all times with tracking and monitoring. You can even receive live updates on traffic, allowing you to re-route your drivers accordingly and help reduce delivery times.

If your business currently spends a lot of time filling out and keeping track of paper-based invoices and proof of deliveries, then Bit Logistics can help you with this as well. All documents can be automated, saving your workforce and your customers time.

Want to find out more about what a logistics management software like Bit Logistics can do for you? Contact us today.

Make asset management easy with a Bit Systems barcode solution

New year, new barcode solution

The start of a new year is the perfect time to reassess your business asset management and look at areas where you can improve. Every business has assets to protect and manage, no matter what its size, however, asset management is a process often overlooked by many businesses. Managing your business assets through manual methods rather than with a barcode solution can restrict your business from reaching its potential. Not managing them at all could put your assets and your business at risk, you could lose track of valuable assets that come at a detrimental cost to your company. Asset management through barcoding can help business efficiency, employee productivity and save you money in the long run.

 

Asset mangement. Hand holding money and building symbols.

Why is asset management important?

Asset management is vital if you want to stay on top of your business’ valuables. IT hardware, tools, furniture and machinery are just some of the assets your business may have. Protecting business assets allows you to track the performance of each asset, ensuring they are being used efficiently and that your business is not spending money where it is not needed. Using a systemised asset management process will help you make sure you’ve got all areas of your business under control.

At Bit Systems, we can provide your business with a barcode solution that is sophisticated, yet easy to implement and manage. Our stock control for Sage management solution is GS1 compliant and uses the latest barcoding technology to improve your efficiency. Real-time inventory updates and tracking technology helps you keep track of all your business’ assets. At the touch of a button, you can check where assets are and where they have been. Information is easy to access for you and your employees, gone are the days of wondering where that spare tablet or smartphone is when you choose a barcode solution with Bit Systems.

 

How can a barcode solution improve asset management?

Barcode scanner scanning icon.

Sophisticated functionality

If you want your business asset management to be streamlined and sophisticated with advanced features, then you need software that will reflect this. Choosing a stock management system that doesn’t meet your exact business requirements means you might struggle to improve your asset management. Manually managing your business assets puts them at even greater risk of becoming lost or obsolete. With Bit Systems, your barcode solution can be created with your business and asset management requirements in mind. Bespoke elements and features can be installed in your barcode solution to meet the demands of your asset management. Our Sage barcode solution is designed to make asset management easier for you and your team. At the touch of a button, you can have access to information regarding your asset location, suppliers and lifecycle details. You can receive real-time updates on all information to help you stay on top of your business asset management.

 

Error warning. red circle with yellow triangle and exclamation mark. reduce errors with a barcode solution.

Reduce and eliminate errors

Manually managed tasks are always at risk of human error. Choosing to manually manage your business assets could be detrimental to your business’ efficiency, spending and productivity. Employees may forget to complete a manual management process or complete it incorrectly. This can lead to inefficiencies and even products being lost, meaning your business could lose money. With a barcode solution such as stock control for Sage, the automated tracking and information storage means the risk of error is dramatically reduced. Barcodes and the stock control for Sage centralised hub can hold an extensive amount of data in comparison to manual data storage. You can keep track of which employees are using what assets, where they are, as well as expiration dates for assets if your goods are perishable. When your business’ asset data is easy to keep under control in one centralised location, the risk of error or lost data is much lower.

 

Increased productivity. Box of stock icon.

Increase productivity and save time

If your business has a lot of assets to manage, this can take up a large amount of precious employee time. The time spent on manual asset management can lead to neglect in other areas of work they could be focussing on, decreasing your business efficiency and possibly profit. With a Bit Systems barcode solution, you can manage your assets in a fraction of the time. With stock control for Sage, live updates mean no time is wasted when it comes to inventory management. Live updates and tracking of assets mean that your employees don’t have to waste time manually filling out inventory updates, only for the data to have changed by the time they are finished. Not only does this waste time, but also creates incorrect and out of sync asset inventory recordings. With a barcode solution, you can have access to huge amounts of data immediately. Barcodes can store paragraphs of information about an asset, including things such as when and where it was purchased, when an upgrade is due and anything a user needs to know about it. Manually storing this data could mean employees are required to search through endless documents of information to find what they need. With Bit Systems, it’s all available immediately at the touch of a button.

 

Tracking services. Two locations pinpointed icon.Make your assets trackable

At Bit Systems, we know how difficult it can be to manually track assets. In a fast-paced work environment, assets are likely to be moved around quickly, especially if your employees are required to work away from the office. Long-term assets such as tools and IT hardware often go missing due to employee error or even theft. With a Bit Systems barcode solution, all of your business assets are easily tracked to the last user. Not only can you track each asset, but you can also keep track of its depreciation. Ensuring your business assets are not outdated is essential for efficiency and helps you keep up with competitors. A barcoded asset management system can make sure you are always up to date with your asset status. Stock control for Sage’s live updates means you can receive real-time notifications regarding your assets such as reminders to repair/maintain or update them. This allows you to keep on top of your assets and find out crucial information such as update requirements before it’s too late and you’re left with inefficient or even unusable assets.

 

Affordable. Hand icon holding gold coins.

An affordable barcode solution for any business

You may think you have to spend a lot of money to achieve great results from a barcode solution. The truth is, our barcode solution software is extremely affordable and can be tailored to suit your business requirements and budget. A range of advanced functionalities doesn’t mean your barcode solution has to be costly. At Bit Systems, we’re committed to finding the right barcode solution for your business. We can create a bespoke package tailored to suit your budget whilst meeting the demands of your asset management. Our proposals outline everything you need to know in a price breakdown, there are no hidden costs when you invest in a Bit Systems barcode solution.

 

Barcode solution scanner icon.

How can I implement an asset management barcode solution?

At Bit Systems, we have been providing barcode stock solutions for over 20 years. Our Sage stock control software can be seamlessly integrated into your business and will use the latest technology to streamline your business processes through barcode management. Our barcode solution process is simple. From the moment you enquire, we put your business first. Gaining an understanding of what your business does and what it needs is essential to provide the right barcode solution for you. We understand choosing a new asset inventory management solution can be difficult and are committed to helping you find the right barcode solution for your business. We provide detailed system demonstrations that can be tailored to suit your business and show you how it could work for you, helping you get an idea of what the barcode solution is like before you make any commitment. Our experienced team will take you through the whole process with ease, providing full training for you and your employees on your new barcode solution.

If you want to increase your business’ efficiency and stay on top of your asset management, contact Bit Systems today to find the right barcode solutions for you and your business.

Painless warehousing with a barcoding inventory system

New year, new inventory system

The start of a new year is the perfect time to look back at what your business has achieved in previous years and where you can improve and make changes. One area that can be streamlined to help your whole business is warehouse management, specifically how you manage your inventory. Warehouse inventory management is an integral part of any business. Without it, you can lose track of any products coming in and out of your warehouse. This can be detrimental to your business’ stock levels and affect other areas of your business such as sales and customer service. Having too little stock means you can’t meet customer demand, while too much means your company is losing money through overstocking. Manual inventory management is a laborious task for anyone, is prone to mistakes, and can cost your business money. A barcoding inventory system can help transform your warehouse management, making a once time-consuming and painful task stress-free. At Bit Systems, we pride ourselves in providing the latest developments in technology to give you a barcoding inventory system that works and helps your business thrive. With our Sage inventory management software, you can take your business into the new year with improved processes and set accurate targets in sales and efficiency.

Minimise errors with a barcoding inventory system

Using a manual inventory system in your warehouse can put your business at risk of errors. It’s easy for anyone to make mistakes, especially when carrying out a manual inventory process. Workers can lose concentration over time and even the smallest of mistakes can have a huge impact on your business. From wrong orders to incorrectly identified products, each mistake can be detrimental to business efficiency and customer service. Implementing a barcoding inventory system can help you minimise, or in some cases completely eradicate the risk of errors. Bit Systems barcode inventory system is designed to maximise efficiency and minimise errors when it comes to managing your warehouse. Every business wants to keep errors to a minimum and the start of a new year is a great time to set new targets for your business and employees and implement strategies that will minimise the risk of errors. With Bit Systems, it’s never been so easy. Barcoding stock control for Sage from Bit Systems helps reduce the risk of human error by accurately translating all product information from a barcode at the touch of a button. Our system works quickly, meaning there is no need for workers to spend time re-reading product numbers to make sure they are inputted correctly, they can rely on the Sage barcoding inventory system. If an error should occur, the centralised hub of information allows you to track what happened and when, allowing you to gain insight on how to prevent it from occurring again.

Improved inventory efficiency

The new year is a time of hope and aspirations for any business. Efficiency is an area in business that can always be improved and is the key to success in profit and productivity. Efficiency can be a difficult aspect of improvement to quantify, especially when carrying out manual warehouse tasks. Investing in a barcoding inventory system can help take your business’ efficiency to the next level and allow you to see and track real-time results of improved efficiency. Time is precious and a barcoding inventory system can help you to complete warehouse inventory tasks in a fraction of the time when compared to a manual approach. When you choose stock control for Sage from Bit Systems, you have more time to focus on other areas of your business, while warehouse workers have more time to focus on other tasks once the strain of a manual inventory system is removed. The centralised database means there is no need to wait for a manual inventory to be updated, it’s done automatically and immediately. Multiple inventory systems are a thing of the past once you choose a barcoding inventory system. Your warehouse can be managed from one central place when you choose stock control for Sage. A single barcode can contain a whole host of information such as pricing, supplier and stock levels. You can manage your warehouse with ease with a single barcoding inventory solution. With a reduced risk of human error and fast item analysis and tracking, a barcoding inventory system is just what your business needs to improve efficiency.

Keep costs down with a barcoding inventory system

Spending less and making more money is a goal many businesses set, especially at the start of a new year. It is the perfect time to look over all areas of the business and find out how they can be improved. Sophisticated barcode technology was once a costly luxury, but now as the technology develops, introducing a barcoding inventory solution to your business is more affordable and could help you save money in the long run. A barcoding inventory system gives you complete control over your stock levels, by enabling you to track sales trends and predict how much stock you will need. This can save your business huge amounts of money by avoiding overstocking which wastes money on items that aren’t needed. It can also help you avoid disappointing customers by understocking items. Running out of stock can lead to a loss of sales, as customers could go elsewhere to place their orders. The inventory analysis that comes with Sage barcoding allows you to improve your cash flow and have greater control over your business finances and allowing you to more accurately plan and predict stock levels based on real-time information.

The more control you have over your business’ warehouse inventory, the more money you can save. With stock control for Sage, you have complete visibility over all stock. The system can provide you with live updates on products, which is ideal for businesses with perishable products such as food. Such items need to be sold on time to avoid spoilage and losing money and with a Sage barcoding inventory system, you can get real-time updates on all product information so you can adjust your sales and stock rotation strategy accordingly. These alerts can be tailored to suit your business requirements, from notifying you about upcoming deadstock to reminders on restocking popular items at peak sales periods before it’s too late.

Easy to implement

The start of a new year can be a stressful time for any business, so the last thing you want is to add any form of complication. If your warehouse procedures are stressful and difficult to manage, a barcoding inventory system can take you into the new year with ease and take the pressure off. Barcoding inventory systems at a first glance can leave business owners feeling confused, unsure of what they do or why their business would need one. In reality, implementing a barcoding inventory system is quick and simple. At Bit Systems, we strive to make your journey to better barcoding solutions as smooth as possible, that’s why our stock control for Sage technologies can be seamlessly integrated into your business. Our step-by-step process simplifies the implementation of barcoding solutions.

Our team of Bit Systems experts are present throughout the implementation process. We begin by carrying out extensive research on your business, combining this with clear and consistent communication helps us to create the best inventory solution for your business. You will receive a personalised business proposal before installation to make sure the solution we have designed is right for your business. Implementing the system is easy with our expert engineers on hand to deliver and install your system to the highest standard. Not only are our team there to provide full training on your new system, but they are also on hand to provide support and aftercare after the system is installed. With Bit Systems, you are not alone. Our support team is here to help with any queries you may have and help you manage your warehouse inventory system with ease.

Does your warehouse inventory management take up too much time, cause stress and is prone to mistakes? Contact Bit Systems today to find the right barcoding inventory system for your business.

Smart warehousing with stock control software

Stock control software for warehousing

Most warehouses follow a similar pattern, no matter what industry they are in. A typical warehouse procedure will involve goods in, stock put away, replenishment, pick, pack and despatch. With increasing customer demand and workload, it is essential that your business can stay competitive. Digital technology is constantly evolving and is increasingly prevalent in almost every industry. Embracing technological advances in warehousing can help your business become industry leaders, staying one step ahead of competitors. Digital technology can provide warehouses with problem-solving solutions that can help your business grow. Many warehouses are now turning to technology, particularly stock control software solutions, to help keep their business performing at its best, and turning into smart warehouses.

A smart warehouse automates areas of their operations with problem-solving technologies. Stock control software can help take warehouse operations into the future, helping them to keep up with their customer demand, increase productivity and minimise errors. When you choose our Sage stock control solution, Bit Systems can help your warehouse operations become more streamlined, simple and efficient.

warehouse and stock icon.

What is stock control software?

Intelligent stock control solutions can eliminate the need for manual stock control, throwing out the pen and paper method and the need for multiple spreadsheets once and for all. Stock control software is a digital system that enables businesses of any size to track inventory levels, orders, sales and deliveries. It can tell you how much stock you have, how much you need and exactly where it is. These systems are present throughout your business’ whole product journey, from vendor purchase to reaching customers. They make businesses run smoother by automating and connecting different sectors. This allows your warehouse to increase efficiency, have complete control of your stock, and save time. Typically, inventory management software is often used to avoid stocking issues. At Bit Systems, we specialise in stock control for Sage, implementing barcoding systems that make your warehouse’s stock control software simple. Seamless integration and control over your stock requirements are at the forefront of our systems.

What are the benefits of stock control software?

stock control software. hand and cog icon. efficiency

Automate tasks and increase business efficiency

Stock control solutions can automate and simplify many day-to-day warehouse tasks. Your warehouse workers will no longer need to spend long periods manually checking and updating your inventory. Not only does this save time, but it also reduces the risk of human error when it comes to your business’ stock. Manual stock control and stock takes can take up large amounts of time, not only this but as time goes on, workers can become tired and lose concentration, this increases the likelihood of errors.

Automated stock control strives to eliminate the risk of errors. Fewer errors mean increased reliability and an improved reputation for your business. By automating your warehouse processes, you can take your business to the forefront of digital technology. Bit Systems’ PSS for Sage can eliminate up to 90% of time spent manually carrying out stock duties by simplifying processes and providing workers with instant information and analysis at their fingertips. This dramatically increases the efficiency of your warehouses. By investing in automation, the sooner your business can grow and become a leader in your industry.

stock control software. graph icon.

Identify trends and forecasting

Stock control software can give you a whole new depth of insight into your stock. It will record your previous buying and selling patterns, indicating when you need to upsell, buy and restock. This means you can always be one step ahead of your warehouse management. Receive notifications about your stock levels, so you won’t have to worry about overstocking, or not meeting your customer demand. All the data you will need about your warehouse will be available in real-time and at your fingertips with stock control software. Stock control software means you will no longer have to spend time searching across multiple business platforms and departments for data.

Our stock control solution integrates seamlessly with your Sage Accounts to pull all of the data relevant to each department from sales, to accounts and operations to provide you with a simple analysis of your warehouse stock. From this, you can initiate business plans and investments for the future. By enabling businesses to access to real-time analysis and information regarding their stock, PSS for Sage from Bit Systems also allows businesses to quickly identify trends and make decisions based on the real-time updates and results. 

stock control software. sold out sign icon.

Reduce the risk of overselling

Automated stock levels allow you to have complete control and visibility of your stock, so you never have to worry about overselling. Overselling can be detrimental for any business, selling out of products means you can’t supply them to your customers. This can lead to customer frustration and cause them to go to a competitor instead, affecting your business’ profit as well as its reputation. With a stock control system, you can prevent this from happening altogether. Your stock levels are updated continuously, tracking any trends that occur. This means you can plan for busy and quiet months to help to prevent any financial losses. By utilising automated stock levels to ensure you always have a minimum and maximum stock levels you can now be more prepared for unexpected spikes in sales as well as protecting your business from holding high stock levels of low demand items. 

With Bit Systems, mistakes such as overselling are dramatically reduced. With access to stock patterns and updates, there is no need for your customers to be disappointed. Not only can you prevent overselling, but also carry out tasks with accuracy, meaning your customers receive the right goods in the correct quantity. The more you can prepare for these occurrences, the better service you can provide for your customers, helping your business’ reputation.

sales projection graph icon.

Make better business decisions

By automating your stock control, you can have access to in-depth business analysis and data. Identify high and low performing products, so you can make appropriate profit-improving business decisions. Analysing data allows you to look at seasonal trends and customer buying patterns, so your business is never caught out when it comes to stock management. Investing in a stock control system means you can make calculated decisions quickly and effectively. Any business decisions, including investments and spending, can be quantified and supported by the data that is supplied by an automated stock control software system.

PSS stock control for Sage from Bit Systems allows you to look at your business from a wider perceptive. Our stock control software provides businesses with improvements and solutions, streamlining your whole stock management process and encouraging every department of your business to improve in the same way.  

stock control software. business growth graph icon.

Scalability

Stock control software, such as PSS for Sage from Bit Systems, can grow and adapt with your business. It can become bigger and more complex to suit the needs of a growing business. Most businesses strive to grow and generate increased profit, so it makes sense to invest in an automated stock control system that can grow with you as your business expands. A flexible solution such as PSS for Sage, that grows with your business allows for gradual changes, rather than extreme overhauls that could be a shock to your workforce and the system.

Delaying the implementation of technology solutions into your warehouse can put you behind competitors and be reflected in depleting profits. At Bit Systems, we want to help your business processes improve through automated stock control and advance your transformation, the faster you can grow your business the faster you can increase profits. Make your warehouse a smart warehouse with automated stock control software today.

stock control software. warehouse stock on shelves.

Stock control for Sage

Stock control for Sage is Bit Systems’ stock control solution that can change the way your business or warehouse manages inventories for good. Using Sage 50 and Sage 200, Bit System provides barcode scanning technology that offers your business an efficient and easy to use stock control solution.

When you invest in Bit Systems’ stock control software, you will be improving your efficiency and securing your business with a system that can adapt to your needs, is dependable and measurable.

Contact us today to find out how we can help your business’ stock control.

How barcoding inventory systems impact businesses

Many businesses, big or small have inventory to manage. Barcoding inventory systems are designed to help businesses dramatically increase their efficiency by saving you a great deal of time and money, something every business owner strives to do. 

Many small businesses still use barcoding inventory systems that simply allows them to create and print barcode labels, without any form of inventory management control. However, if you want to improve your efficiency and gain complete control over your small business’ inventory management, it is time to invest in an advanced barcode system with inventory and order management capabilities. While many small businesses are aware of the high-level benefits for such a comprehensive and intricate system, they are not necessarily aware of the day to day benefits or how simple it can be to install such a solution. At Bit Systems, we’re committed to providing businesses with a robust barcoding inventory system that will improve efficiency, simplify stock control and help your business thrive. 

barcoding inventory systems barcode

Are barcoding inventory systems necessary for my small business?

Unless you are selling in a retail market, barcodes are optional. But barcodes are not just for retailers, many small business owners use barcodes to save time and effort and to improve product traceability. Barcodes can be used to track customer orders, products in multiple locations and in multiple warehouses. Additionally, for businesses with multiple physical assets such as laptops, computers, desks and filing cabinets, barcodes can be used to keep track of those too.

You might consider implementing a barcoding inventory system into your small business if:

  • Your business is product-based
  • You manage inventory and are struggling to cope
  • You want a greater insight of analysis and data from your inventory
  • You need to track inventory items, such as moving pieces
  • You are a small business that wants to prepare for growth with a barcoding inventory system that can handle it and grow with your business
  • You run a warehouse

warehouse worker. barcoding inventory systems

How can barcodes help my business?

Barcoding and inventory systems can help small businesses in many ways including helping your business grow. Barcodes can help business efficiency by decreasing the risks of human error, manually typing out inventory numbers or codes into a computer opens your business up to a huge risk of inaccuracy. Not only can the manual task of typing out barcodes and quantities become tedious for any worker, it increases the risk or error. Increased errors means decreased efficiency and productivity for your business and an automated inventory system can help to eliminate these errors and the need to carry out these takes manually.

An automated inventory system can save your business time and money. Not only does manual data increase the risk of errors, it is a slow process no matter what size your business is. The time it takes for you and your workers to complete a task manually all adds up, and by automating these manual tasks you can help your workforce complete jobs in a fraction of the time, therefore increasing productivity for your small business.

Updating products is also easier with a barcoding inventory system. Updating product pricing or information manually can be a time-consuming process for small businesses. Barcoding inventory system methods require much less work when prices or products change. You can make the change once to your barcode system and it does all the work for you.

barcoding inventory systems scanner

Our barcodes are GS1 Compliant

Here at Bit Systems, providing a quality service for your business is our top priority. All of our barcodes are GS1 compliant, so when you implement your barcoding inventory system, you can be sure of its performance and quality. GS1 compliancy imposes barcoding standards that aim to improve business efficiency and effectiveness.

GS1 implements barcoding standards across the many industries, making systems universal, cohesive and seamless. By using GS1 compliant barcodes you can work and communicate with other companies easily. GS1 allows business to quickly identify unique assets, products, people and locations. Industry standard barcoding form GS1 helps businesses to capture and track data such as expiry dates, batch numbers, shipment codes and quantities. All of this data and information can be shared from the start to the end of your products journey. You can also seamlessly share data with stockholders, suppliers and customers through your barcoding inventory systems. 

barcoding inventory systems. barcoded box

How can my business implement barcoding inventory systems?

At Bit Systems, we want to make barcoding inventory systems straightforward for your small business. From the moment you contact us to request more information about inventory management, we can tailor a solution specifically designed for you and your small business needs. Our simple process will help get your small business working more efficiently with a barcoding inventory system in no time:

  • Make an enquiry: When you make an enquiry, we first and foremost gain an understanding of your small business in order to provide a service that works for you.
  • Talk to Bit Systems: We communicate with you directly to find out your business needs. We create a clear dialogue from the start to find the barcoding solution for you.
  • Demonstration our barcoding inventory systems: Our free onsite demonstration is tailored to your business and organised at your convenience.
  • Review our proposal: If you think our stock management solution could help your business, we will send you a formal proposal that will outline the journey of your stock management and barcoding solutions.
  • Go ahead with Bit Systems: If you are happy with our pricing and you want to go forward with a barcoding inventory system, the next step is the project plan that will keep your small business as a priority throughout the whole process.
  • Get started: Once your project plan has been agreed your hardware can be delivered. You’ll receive full training and a breakdown of the bespoke settings and functions for your business.
  • Start barcoding: See the great results your business can get from a barcoding inventory system. Make better business decisions by identifying and forecasting stock, reduce the risk of under or over-selling and help your small business grow!

Now you know what barcoding inventory systems are and how they can help your small business, take control over your warehouse with automated stock control systems. Contact Bit Systems today to see what we can do for your small business.

Compliant barcoding solutions and inventory management

Ignoring compliant barcoding solutions can affect your inventory management

Regardless of the industry, you work in, it is becoming clear that the automation of manual tasks is becoming more prevalent. From robots in factories to self-driving cars, automation is slowly encroaching into our day to day lives, so why not take that concept and apply it to your warehouse. With compliant barcoding solutions, you can do exactly that. Automation is gradually taking over areas within supply chain management and one of those key areas is inventory management.

Automated inventory management is not a new concept, however, the way in which it is implemented can make all the difference. Automated compliant barcoding solutions have been readily available for some time now, but it seems that small to mid-sized businesses have been slow in investing in this type of automation. From our research it seems that there is still some doubt and hesitancy about investing in such technology, so that raises the question, do small to mid-sized businesses have a complete understanding of automated inventory management and how it can benefit their business and what are the hurdles that businesses face when considering barcoding solution for their stock control.

What is automated inventory?

Automated inventory management uses specialist software solutions to provide an audit trail and track all stock movements from the moment they are received to the point of despatch. It can also automate other daily tasks such as inventory planning, ordering, purchasing serial and batch tracking, reducing the number of manual tasks that would otherwise need to be completed by employees.

The above is not an exhaustive list when it comes to the benefits of automation of inventory management. A good automated inventory management solution will also help you to identify demand patterns, generate purchase orders based on forecasts, and help you to enhance your customer service levels by helping you to manage your costings and logistics, to ensure order fulfilment and reduce the possibility of price hikes for high demand items by always keeping a minimum level of stock.

Automated inventory management could significantly benefit many small to mid-sized warehouse businesses, so why is there still some hesitancy and doubt regarding the onboarding of this technology.

Why businesses do not use compliant barcoding solutions

When it comes to managing your warehousing, it can be hard to see past the processes and procedures that are currently in place. When it comes to new software and technology, many small to med-sized businesses are understandably cautious about investing as there are many obstacles to overcome in order to implement a new software or technology, but not attempting to overcome these obstacles can act as a barrier to your success.

“It takes too much time to implement”

Many small- and mid-sized businesses are pushing their employees to the max already, especially if all of your warehouse inventory management tasks are being completed manually. Naturally, many organisations may feel that there is no one in the company available that has time to take on a new project that will include hours devoted to research, negotiation, implementation, training, and maintenance. However, implementing a compliant barcoding solution doesn’t have to come at a loss of revenue in the interim. Our professional implementation team and seamless integration into your back-office accounts means that your current processes and fluidity do not needed to be affected negatively.

“It costs too much to implement a compliant barcoding solution”

Beyond taking up time, a new solution for automating inventory management does require an upfront cost. Naturally, small to medium sized businesses need to be cautious about these expenditures. However, when you use compliant barcoding solutions to manage your inventory, your return on investment far outweighs the upfront costs and will help to reduce your inventory costs even further over time.

“If it’s not broken, why fix it?”

This is a very enticing trap for many warehouses to fall into. Many organisations grow comfortable and often complacent with their existing processes and that’s great if they can’t be approved upon. However, by implementing barcoding scanning technology, your inventory management software can take your warehouse to the next level by freeing up internal resources and reducing costs to help your business grow.

If an organisation is too reliant on their legacy systems due to them working well in the past, it doesn’t necessarily mean that it’s the best option for your organisations future; especially if expansion is a strategic goal for you.

If your business is managing well with your current system, you may see no need to spend time or money on a new solution, but once you see the benefits of using compliant barcoding solutions, you will be asking yourself why you didn’t make the transition earlier.

 

Benefits of Automated Inventory Management

While the reasons above are all genuine concerns and barriers to not implementing automated inventory management, they are stopping your business from experiencing the reaping the benefits in the long run. 

We have put together a list below of what your business could gain by implementing automated inventory management:

Efficiency & Accuracy

A compliant barcoding solution makes your processes more accurate and efficient. By implementing this automated technology, you will be able to use the software to handle complex calculations and data analysis at a much faster speed than any employee could conduct. It also reduces the potential for human error, providing you with accurate data in real-time. Automated inventory management software analyses demand trends for all products in your warehouse and generates purchase orders and forecasts based on that data and your pre-set parameters (desired service level, stock turn, spending, etc.) freeing up time from your Warehouse Manager to enable them to spend more time proactively managing the warehouse and less time crunching numbers.

This rise in efficiency will echo down your entire supply chain, orders will be able to be processed faster, purchase orders will be generated quickly, and your suppliers and customers will see the smooth, speedy results, increasing your competitive advantage.

Scalability

Compliant barcoding solutions can grow with you as your business expands. Organisations and warehouses that are too reliant on their legacy systems could be missing out on potential for growth areas for the business.

With digitalization and globalization affecting distributors worldwide, supply chains are lengthening and increasing in complexity. Don’t let an outdated system or process be your downfall. Automated inventory management software will take over and help you pinpoint areas of growth and areas where you could be losing capital instead.

Free up time

This goes hand-in-hand with your business efficiency. By implementing automated technology, you can free up the time for warehouse managers and warehouse operatives meaning that you need to hire less temporary workers during peak seasons and enable your warehouse managers to have more time to pursue new projects and other tasks.

Increased profits

One of the main concerns of implementing automated inventory management for a SMB is how much money it will cost them. However, by only considering the upfront costs, many businesses are failing to consider the ROI the solution can bring to the company. By taking advantage of all the above benefits that automated inventory management can bring your business you will see a reduction in costs as well as an increase in profits as your business processes are streamlined and business efficiency is increased.

By implementing Stock Control for Sage for your inventory management needs, it will not only save your business time, but it will also continue to save your business money the longer you use it. With an automated solution, you can set KPI’s and have a true insight into your inventory costs. Your existing inventory will be evaluated based on its demand cycle and your solution will identify dying or obsolete inventory items. Stock Control for Sage can help you to minimize the money you have tied up in stock by helping you to manage your perishable stock and high and low demand items, helping to keep your customer satisfaction high by consistently being able to fulfil orders.

Don’t wait any longer to implement our PSS software

As your supply chain continues to evolve, you want your inventory management to do the same. Don’t get left behind; see how automated inventory management can work for you with Bit Systems.

Essential Sage inventory management techniques

Sage inventory management techniques continued

Sage inventory management is a highly customisable inventory management process. While the optimal process will be different for every company, every business can benefit from removing human error from stock control management, which means taking advantage of Sage inventory software.

We previously discussed several Sage warehouse management techniques that will save you money, and we are continuing that theme today by discussing several strategy specific goals to implement within your organisation that can complement your Sage inventory management solution.

The following five techniques will help you improve your Sage inventory management—and cash flow.

1. Set minimum order levels

Make your Sage inventory management easier by setting minimum and maximum order levels for each of your products. Minimum order levels are the minimum amount of product that must always be in stock and maximum levels stop you from overstocking on items. When your inventory stock dips below your predetermined levels, Sage inventory management can automatically raise a purchase order to replenish your stock level. This can be set as your “minimum reorder level”. Sage inventory management solutions always give you real-time data and a true insight into your warehouse, which means you can monitor stock levels at the touch of a button.

Although setting minimum order and reorder levels requires some research and decision-making upfront, having set levels will help you automate your process of ordering and make it easier for you to make more informed decisions quickly.

Just remember that conditions change over time, so it is worthwhile reviewing your minimum order and reorder levels on a regular basis so you can make changes accordingly.

2. First-In-First-Out with Sage inventory

Following the “first-in, first-out” (FIFO) principle, can help your warehouse get to grips with inventory management. First-in, first-out is the technique of selling your oldest stock (first-in) first (first-out) and replacing your old stock with your newest stock. FIFO is especially important for perishable products, so you don’t end up with unsellable spoilage. Having FIFO in place helps you to avoid under-appreciating the costs associated with your inventory and therefore, losing money in the process.

FIFO is not only useful for perishable products; it can also be a good idea to practice FIFO for non-perishable products. Packaging design and features often change over time within industries and by ensuring that your oldest stock is always sold first you can minimise the risk of ending up with obsolete stock that cannot be sold.

3. Manage relationships

The ability to adapt is a key quality to have when it comes to successful inventory management. A strong relationship with your suppliers is vital, by building strong relationships, you will have more insight into the availability and lead times of products, get insights into new trends and hopefully solve any supplier issues faster. Whether you need to return a slow-selling item to make room for a new product, restock a fast seller quickly or troubleshoot manufacturing issues. It’s important that your stock control solution has this information readily available for you and a Sage stock control solution can help you to be more agile and adapt to changes in the market.

4. Contingency planning

In an ideal world, your operations would run seamlessly day in, day out. However, there are many issues that can be related to inventory management, if you don’t have the right stock control solution in place.  These types of problems can cripple unprepared businesses.

For example:

  • Unexpected sales increases leading to stock oversell
  • You run into a cash flow shortfall and can’t pay for a product you desperately need
  • Your warehouse doesn’t have enough room to accommodate your fluctuations in sales
  • Miscalculations in inventory
  • Obsolete stock takes up all your storage space
  • Manufacturers run out, or can’t supply your products that are required to complete orders

However, with an inventory management solution like PSS 50 or PSS 200, you can prepare to avoid these unexpected issues. PSS provides you with a solution to quickly capture stock transactions in real-time so your stock reports are always up to date, you can set minimum and maximum order levels so you never run out of stock or over order, you can check supplier balances and manage your cash flow as well as manage stock locations and bins to help maximise storage in your warehouse.

5. Accurate forecasting

A large part of effective inventory management comes down to accurately predicting demand. Make no mistake, this is incredibly hard to do, especially if your employees are having to do this manually. There are countless variables involved and you’ll never know for sure exactly what’s coming—but you can try to get close. Here are a few things to look at when projecting your future sales:

  • Trends in the market
  • Year on year comparisons
  • This year’s growth rate
  • Guaranteed sales from contracts and subscriptions
  • Seasonality and the overall economy
  • Upcoming promotions and industry news
  • Planned additional spend

Creating demand forecasts can help businesses to prepare for seasonal peaks and troughs as well as product trends and events that may change product demands in advance.

Take control with Sage inventory

With an effective inventory management system in place, you can help reduce costs, keep your organisation profitable, analyse patterns and trends that help you predict future sales and prepare the business for the unexpected. This gives businesses a better chance for profitability and survival whilst remaining competitive and agile.

PSS stock control for Sage can help you to automate reporting, trends, analysis and movements of goods.

It’s time to take control of your inventory management and stop losing money. Choose the right inventory management solution for your organisation and start implementing them today.