When it comes to running a business, there is a lot to get your head around. Staff, culture, product-market fit, advertising, cash-flow, profitability, planning, leases, customer satisfaction - the list goes on.
One of the tricky elements of operating a business in wholesale, manufacturing or retail is inventory planning. Whether you’re an SME managing a lot of stock or just a little, having control over your inventory is essential to your business's success.
Small and medium sized businesses that use Xero have already discovered the benefits of using cloud software to make their lives easier. Now they can automate their inventory planning and demand forecasting with a Xero integration to save up to 40% in working capital.
Poor stock management is one of several challenges to small business causing disproportionate harm and difficulty.
Luckily solutions are here, beginning with smart stock control software such as StockTrim.
How Shine Drink makes the most of StockTrim Demand Forecasting Software & Cin7 Inventory Management.
When operating a small business, it is vital to keep track of all inventory and records of every transaction in your business. According to the wasp barcode, 46% of SMEs either don't track inventory or use a manual method of stock-keeping. This can be detrimental to a business if it is not taken into consideration.
The smart inventory forecasting software StockTrim is picking up popularity in diverse markets from the US to the UK to Australia, though its creators haven’t had to localise the product - nor will you.
The issue of inventory planning is not new. It has been around ever since humans started trading things. With the trade and movement of products comes the inevitable situation where demand is mismatched with supply.
Vend is a user-friendly mobile POS interface that has 25,000 customers worldwide. Its fast to use and easy to learn, minimizing training time. It works seamlessly with existing or new hardware. Like StockTrim, all the data is synced and stored in the cloud and usable from anywhere.
Running a business right now is challenging. Unpredictable demand, disrupted supply chains, cashflow uncertainty all make things a lot more difficult.