Important Three Reasons for Inventory Management
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Transcript of Important Three Reasons for Inventory Management
Important Three Reasons for Inventory Management
Accely Grouphttp://www.accely.com
http://www.accely.com
Inventory tracking to accurately calculatation
➢ Every business must keep a track of total goods sold
➢ Inventory tracking will make it easier to calculate the cost of goods sold
➢ Without maintaining a physical inventory of your merchandise each and every month
➢ But if you move a lot of inventory, it is advisable to do a physical inventory check periodically
➢ To calculate the cost of good sold, you must take your beginning inventory
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Inventory Management for maintaining
➢ Inventory management and tracking of your inventory levels will simplify your ordering process
➢ If you know many of a certain item is available in the stock then you will easily determine
➢ Inventory tracking and management can easily be incorporated within your sales system
➢ That your inventory levels are always up-to-date all the time
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Ensure Exceptional Customer Service
➢ Having a good inventory management system that is well integrated
➢ An automated sales system will inform you right away whether or not an item they are ordering is in stock
➢ Customers will be immediately informed of the latest inventory status
➢ Such kind of service will make your customers feel better when dealing with you impersonally via Internet
➢ These are three major reasons why inventory tracking and management is important for your business
➢ There are number of softwares available in the market that will help you simplify the process of inventory tracking
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