Author : Joan M. Mack.
Published : Sun: Nov 10 2019 :1 AM.
Format : jpg/jpeg.
Inventory management is one of the vital jobs the business management needs to perform in order to generate max profits and revenues. Basic purpose of inventory management or inventory tracking is to make sure that business inventory is kept at a logical level that helps the business or company to meet its goals. Effective inventory tracking provides all possible inventory related information and details to the business management that makes it possible to refill the inventory in a timely manner to fulfill all orders made by customers or clients.
A well-organized inventory is necessary for running business operations smoothly. It leads to a trade-off maintained between carrying costs and ordering costs. As a result, a company’s profitability is enhanced since the overall cost of the inventory is minimized. In addition, proper management also facilitates the maintenance of adequate stock. This is vital for smooth production.
There are several ways available for inventory management. Software tools make the whole process highly sophisticated. Many inventory superintendents turn to Microsoft Excel sheets for a simplified and straightforward management. This software program offers extreme versatility in the form of a highly developed business tool.
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Why the trend? Businesses and organizations are automating data capture by tracking and updating inventory data in real-time through bar code scanning or image capture. What does an Excel spreadsheet have to do with this? Well, it’s actually a great starting point for creating an app that automates the inventory management process for you. My recommendation: Start with a spreadsheet and turn it into an app using an app maker platform like AppSheet’s. Of course, we’re not the only platform out there but we’re the only one that can easily take a spreadsheet and turn it into an app!
Inventory management for a small business has never been easier! Ideal for any business owner, this template streamlines your inventory tracking, leaving you more energy and manpower to focus on growth, while being customizable enough to support inventory tracking for a large business.