Smart features of wholesale inventory systems you should know
Wholesale businesses work around shipping and supply of goods in bulk quantities to their clients. Therefore, the business owners need to have a solid system in place to upkeep the recording and transactions monitoring for stock. Well, it is not possible without the use of an effective ERP solution. It is a validated system for wholesale inventory management Philadelphia provided by The Guruway. The system is efficient enough to manage inventory control for multiple warehouse locations. Therefore in order to streamline the process of the supply chain, there is no need to deploy different software applications. A single cloud-based ERP system can work efficiently to serve the needs of wholesale ventures.
What makes wholesale inventory complicated?
Every wholesale trade depends on sales of products that require effective inventory management. Thus, it poses unique challenges that most other businesses do not experience. The primary concern for wholesale businesses is their retailers network which often consults with wholesalers to fulfill their inventory requirements. Also, the purchase of goods is ordered in bulk. Thus, it reduces the amount of stock to hundreds or thousands in a single go. So, continued and accurate updating of stock in a timely manner is important. Therefore, ERP works as a reliable source of inventory control for wholesalers Philadelphia. To know more about its importance, let’s delve into the features of this software.
- Precise inventory counting and recording
A single mistake in counting and recording wholesale stock can create a large mess for wholesalers. The ERP system is an automated tool that can capture the sales invoice to deduct the stock sold from the system. Likewise, it can add the new stock into the system when the purchase invoice is entered into the system. Also, the system consists of a barcode scanning machine which can make the counting process faster and accurate. Simply by scanning the barcode of the product package, the system can enter the record into warehouse stock. Thus, it can fairly reduce the chances of inaccurate stock tallying.
- Improve order management
Proper wholesale inventory management in Philadelphia demands order fulfillment and management. When products are received and shipped in a timely manner and recorded in the system, open orders can be closed. Thus, it can also help you to monitor late shipments when there is a lack of quantity ordered by the retailers. Also, the ERP system can track a variety of products in the same domain but varying in size, quantity, and quality. So, It helps you to keep your order fulfilled on time to keep customers happy and pleased.
- Delivers valuable insights
Inventory control for wholesalers in Philadelphia is a crucial aspect that you can initiate with Guru ERP software. Besides, this software can also give you valuable insights for wholesale business. It enables you to review the sales data for different sessions and intervals to get insights about your business. Thus, by knowing about your sales data, you can take appropriate action to improve sales and operations to generate more revenues.
