Some tips to consider in regards to stock control software

One of the important steps to manage your stock is manage the core areas of movements. The events of ways that stock moves are as follows:

1. Stock is ordered from your suppliers

2. Stock is received at your store or warehouse

3. Stock is shipped out to other stores

4. Stock is shipped out to customers

5. Stock is sold directly to walk in customers

1. When it comes to good stock control you need to have tools that will help determine what stock you need to purchase. A good stock control software system will provide tools that will give you direction on what stock has hits its re-order levels and also provide you with information on stock movement. This information helps you know what to order and helps you not over stock your stores or your warehouse.

Holding stock costs you money so a good stock control software system will help reduce your stock levels aaving you money.

2. When stock is received at your store or warehouse you need procedures to ensure this stock is received in to your stock control software and that what you have received matches with what you have ordered. To acheive this you need a marked area where stock that has been delivered is kept in this area until it has been received in to your system. To receive your stock your stock control software should allow you to bring up the purchase order (PO) and then scan various items and check the quantity against what was ordered. If there is a variance between the purchase order and what has been delivered then a good stock system will force you to either create a backorder or change the purchase order to match what was received.

3. Stock is moved to other stores. The process of moving stock needs to ensure that the process of stock leaving a location and going to another is tracked. You stock control software needs to support a mechanism for internal transfers where the request for the stock is lodged and the packing, shipping and then receiving of the stock is all tracked.

4. Shipping stock to customers based on their orders. As a wholesaler or person operating an online store it is important that you are able to track all your orders and can see what has been ordered, what orders are still waiting for stock and those orders that are ready to be shipped. The packing and preparation of orders is important role where your staff need to be diligent to ensure what has been ordered has been packed. Good stock control software will provide tools including order dockets to help with the picking, some systems may also support scan packing the order so that each item in the order is scanned.

5. Sales to in store customers. What is important in this area is having mechanism to ensure customers get the stock they have want and that you bill the customer correctly. One of the areas that cost businesses money is stock that gets stolen or damaged. You store needs to have processes and your stock management software need to help control the process.

There are many more things to consider in the area of stock control software , please refer to the other articles for more details.