Managing your stock inventory across your network
Managing stock inventory & the importance
Stock inventory needs to be managed well across a business’s complete supply chain.
Well-managed and visible stock inventory information increases confidence across the partner network. Product availability indicators are accurate and in real-time. This accuracy signals that the company runs a “tight ship”. It forms an essential part of the partner supply value chain.
A good stock inventory system will show the quantity of inventory available in real-time. It may also incorporate back-order and drop-ship management capabilities for orders. It must be easy to identify perishables easily. This will help move these products through sales before expiry.
Stock inventory typically provides a smaller business with one of its highest costs. It is essential that inventory management and accounting are part of the same system. On dispatch or receipt, the updated figures should be automatically posted to accounting automatically in real-time. Profitability is better as the figures for inventory are always accurate resulting in better sales and purchase commitments.
A Cloud ERP can help in effective inventory management in a capable, affordable, and hassle-free manner.
This is the fourth article in the series of articles by the Versa Team on “Can small businesses thrive using strategic collaborations with supply partners and customers?”
Manage Stock Inventory in Versa Cloud ERP
We at Versa Cloud ERP have created a multi-award-winning, secure, comprehensive Cloud ERP solution that is e-commerce and mobility ready. The Versa Small Business Cloud ERP dba Versa system is accessible anytime and on any smart mobile device. It provides support for e-Commerce and Multi-Channel Retail including integration with 3rd party e-commerce platforms as well as POS systems.
In addition, the Versa Small Business Cloud ERP system can remotely manage Master Data on multiple e-commerce and POS systems including product description, pricing, images, etc.
It is affordable and targeted toward small businesses and is backed by a promise of dedicated support. It is being used by clients in diverse verticals and could help you redefine the way you operate and grow your business.
Our solution is designed for fast-growing small businesses, between $1-$50 M in annual revenue, looking to upgrade business management solutions like entry-level accounting products or mid-tier legacy on-premise ERP systems, or even those looking at comprehensive and affordable ERP solutions.
Built from the ground up on the latest cloud and mobile technology, the Versa Cloud ERP system allows businesses to automate and optimize their operations across multiple companies, countries, and currencies with one integrated ERP system.
We will help you in a structured manner to migrate your data seamlessly from Epicor, Infor, QuickBooks, Microsoft Dynamics, MYOB, Sage, SAP Business One, etc when you make the decision.
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