Inventory Control in Marine Parts and Servicing Businesses

For the owner of the marine http://www.theboatonlinestore.com/ servicing company, inventory control

is vital to good management but sometimes become a real pain. I heard of one business that missing

over $40,000 importance of stock over the course of a year. The reason? One of the personnel was

regularly taking small items along with selling them secretly. The disappearance of the inventory went

un-noticed until the end of year when the annual inventory take showed the discrepancies in predicted

versus actual is important. But it was too far gone - the employee had left several months ahead of the

stock-take and was nowhere available, leaving the business high and dry.

How could you prevent this type of theft in your business? Typical stock-taking can minimize the

challenge, but that can be quite daunting with thousands of products in stock. You need a mechanical

solution - a built-in database application may make great inroads towards the purpose of effective

inventory management. The process is simple, and goes like this:

The actual database stores your web visitors, suppliers, stock, revenue and incoming requests

Your existing customer, supplier and stock data is imported if you have that in electronic format,

otherwise this particular data is entered by hand

Separate your working area stock storage area directly into named areas

he items of stock is actually stored in its assigned area, and this area name is stored in the database up

against the item code

When new stock comes with its packing slip, the new stock will be entered into the databases

With every purchase, a bill is generated and also automatically adjusts your stock level of the correct

items

Say you have locations A through Z. Print a stock-take record for the area or even areas you would like

to check. The report will offer the area, codes, descriptions and expected total

Stock take on regularly, and if you do not want to complete the whole of your supply at once, select a

place to stock-take

Rotate other locations randomly so your stock-taking just isn't predictable, but you include all areas

regularly

Following such a process will let you sleep at night. If anything is missing, you'll be able to work out what

has happened just before time fudges your memory space. Who was working, just what jobs were being

done, who came in and purchased items - they are your clues and you really are in the best place to

understand what has transpired if it is recent. Additionally, if the people in your small business

understand that random stock-takes tend to be happening, the temptation to 'borrow' something will

be minimized.

Through the storage area of customers, suppliers, stock, sales and inbound orders in you data source,

you unleash another great benefits.

Suppliers

Which usually suppliers are you providing the most business to be able to? Report on stock ordered

from a supplier in almost any time period - or even sales made by dealer. Having these figures can point

you to which suppliers may give yet another discount for large amount transactions

Stock

Easy stock-taking - report on inventory in a specified place, for example location Any, at any point in

time for stock-taking purposes. Breaking it into areas simplifies the procedure and makes it far more

manageable.

Easy re-ordering - report on stock which has decreased to pre-specified re-order levels, with supplier

particulars for re-ordering purposes

Consumers

Easy access to client details - customer data held such as name, address, electronic mail, boat model,

create and year, generator make, model and year, and a notes field all available on selection from a

drop-down listing and viewed at any time

Service Reminders * report on customers who'd their boats repaired in a specified month in the past

allowing a reminder to be sent

Keep the customers by taking care of them - email the customer with the mouse click (providing the

customer email can be stored)

Upsell - for those who have items you would like to transfer, you can email your own customer database

to let them know of your own latest offer

Debts

Made simple * the invoice utilizes customer name and also address details saved in the system, selected

from the drop down list

Automated Invoices as follows : no more templates

every stock item from the invoice is selected by inputting the item code

once an item signal is selected, the description and retail price are automatically retrieved from the

technique

for each line object there is the functionality in order to manually adjust an amount without changing

the standard retail price stored in the Stock table

for every line item there is the functionality to enter a dollar discount amount to apply to each item - if

two of the same products are on the one line, the dollar discounted will apply to the items

a quantity is came into

the total price of the line item is immediately calculated

the addition of another line item will certainly automatically adjust the whole balance

produce the published invoice with the mouse click

Sales

Keep your Product sales Figures under your fingertips - a report upon sales in a given period with a start

off and end day (which will allow each week, monthly, quarterly, every year or any other selected

interval)

As you can see, a repository can deliver great benefit to your business. Should you rely on storing your

current inventory in your head, or even manually prepare accounts, or are doing with no advantages

that are explained in this article, you would do well to take a look at an supply control system.

This informative article was submitted by simply Deborah Anderson, Director of TechSalad.

TechSalad specializes in custom data source solutions for small business owners.

Relational Database applications incorporate Inventory Control and Invoicing for Marine Product sales

and Servicing Companies, English Language Institution administrative software and Club Membership

invoicing safes.

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