User-friendly Inventory Tracking Software for SMB distribution & trading companies
As a top priority when choosing inventory management software, tracking plays an important role along with control and optimization.
With outstanding features such as cloud database; batch and expiry date tracking or updates on returned and exchanged products, inventory tracking software helps you monitor and control ideal inventory levels, essentially minimizing the risk of overstocking and accurately tracking inventory activities.
- Using cloud-based systems, first off inventory tracking software offers you flexible accessibility from anywhere at any time.
- Whenever a transaction is done, cloud-based inventory tracking software will automatically update the information in the system in real-time.
- By limiting access authority in the settings module, you can now assign specific tasks to your employees as well as provide accessibility based on their roles. And because it is in the cloud, you can also track and review employees’ work through this software.
- In short, inventory tracking software provides managers with an accurate and comprehensive view of warehouse operations and inventory movement in real-time.
- Track your inventory by batch to see the expiration date, then you can determine if any products are about to expire.
- Identifying and selling these products before they get too close to their expiration date can help your business prevent selling poor-quality products to customers, which can be detrimental to your business in the future.
- If the cost per batch varies significantly, managing costs by batch is better for the business.
- The Batch and Expiry Date tracking feature is mostly used for the Pharmaceutical & Biotech industry where it is necessary to track batches to facilitate product recalls if required.
- Warehouses and consignment stores can now be tracked and controlled using inventory tracking software.
- In EMERGE, you can create as many warehouses as you need if your business needs to be located in multiple regions.
- Each warehouse will be tracked and managed according to the permissions you grant to that warehouse. Likewise, you can use this feature to create consignee locations and let them start selling.
- Consignees can log into the software and create SOs, POs, RFQs, etc. You can set restrictions by setting access permissions for them to just perform specific capabilities only.
- Use barcodes with scanners to check every product that comes in and out of your warehouse, which saves you time, increases operational accuracy, and makes your employees work at ease.
- Now you can accurately track product information such as quantity, location, price, SKU, etc.
- The label printing feature can be used to create your product identification by supporting the top 4 barcode types. Automatically generate new barcodes (or create your own) when you create a new product in EMERGE.
- Now, just scan and your order will be automatically set up, you will have a full description of that package/product and the products in stock will be automatically updated in real-time.
- Inventory tracking software has the feature of the exchange and return of products from customers since wholesalers and distributors have to adjust, and update the status of shipments on time and accurately.
- Whenever an order is returned, the system automatically adjusts the inventory balance if the product is sent back to the warehouse.
- When the invoice has been issued, the system will generate a credit note tagged to the invoice that will be automatically issued. The inventory balance will be reconciled for both exchanges and returns as well.
- Capturing customers’ demands by being available anytime for exactly what customers need. To be successful, you must first ensure that you always have excellent inventory levels, ready to ship at any time.
- By tracking product performance with Product Sales Reports and Product Trend Reports, you can identify current trends and fluctuations at any given time through the product’s sales history.
- Information on profit margins and quantity of each sales order helps businesses decide on safety stock levels for any SKU of specific items including its variants. This is also important information for wholesale distribution businesses when deciding to cut down on ineffective products
- Having a timely inventory available reflects the professionalism of your company and contributes to enhancing the company’s reputation as well as increasing customer satisfaction.
Conclusion
Back then, there were many ways to track inventory for manufacturers and distributors. But with the development of the economy as well as the growth of the company itself, the old methods such as Cardex or spreadsheets are no longer suitable. Inventory tracking software and 3PLs are increasingly popular among small and medium-sized businesses based on their effectiveness in tracking and controlling the company’s operations accurately and quickly.
In short, for the last sip of tea, profit margin is the biggest matter. Objectively, inventory tracking software plays an important role in improving the bottom line as well as contributing to maintaining the front line of the business. Based on the size of the business, the complexity of operations as well as the need to integrate with other businesses, inventory tracking is becoming more and more important and indispensable in business.
What about you? Do you think your company needs it now?
Frequently Asked Questions
- What makes EMERGE better than other similar solutions?
We would say it is about our people, our human resources. Nothing is better than an expert in the field to solve a problem. And we are a community whose background is in the supply chain. We create a solution that’s right for the customer yet the best solution. But somehow the best solution is the one that suits you. And again, with our experience and in-depth knowledge, we understand what you need and solve it with expertise. Since we always put ourselves in the customer’s shoes to see your problem objectively like ours, EMERGE earned it to be a better choice for you.
- Why is EMERGE Inventory Tracking Software better for SMB trading & distribution companies?
Our flexible workflow allows partial delivery/invoicing, consolidated delivery/invoicing from multiple sales orders, drop ship purchase from sales orders to mass purchase & delivery. We nailed it & improvements are being made everyday.
