The right inventory software can make all the difference in the world for a small business. Customised solutions for small businesses must strike a balanced between affordability, functionality, and ease-of-use. When selecting inventory software, small businesses need to consider the following key features:

1. User-Friendly Interface:

A user-friendly and intuitive interface is essential for small businesses. Software should be simple to use and require minimal training. Search for software that offers simple functionalities to ensure that learning curves do not hinder efficient inventory management.

2. Scalability:

A good inventory system should grow along with your business. Scalability is the ability of the software to adapt to a growing company, allowing for a larger catalog, more transactions and additional users, without compromising on performance.

3. Integration Capabilities:

Software that integrates seamlessly with other business tools is ideal, including accounting software, ecommerce platforms and point of sale systems. Integration simplifies operations, reduces data entry and gives a holistic view of the business processes.

4. Mobile Accessibility:

Mobile accessibility is essential in the age of remote working and mobile business operations. Inventory management software with mobile apps or responsive web-interfaces allows business owners and staff to manage their inventory anywhere, at any time.

5. Affordability:

Budgets are often tight for small businesses. The cost-effectiveness is therefore a major consideration. Search for software that offers flexible pricing, so that you can only pay for features that your business requires.

6. Inventory tracking and alerts:

To avoid stockouts or overstocking, it is essential that small businesses track their inventory accurately. Software should be able to provide real-time stock updates and send out automatic alerts when stock is low or expiration dates are approaching. This proactive approach is important for maintaining optimal stock levels.

7. Reporting & Analytics:

For informed decision making, it is essential to have comprehensive reporting and analytics capabilities. Software that offers detailed insight into key metrics such as stock turnover and sales trends is ideal for small businesses. Such data allows businesses to take strategic decisions to grow.

8. Data Security and Protection:

It is important to ensure that your inventory and financial information are secure, particularly when you’re dealing with sensitive data. To protect your business data, ensure that the inventory management software you choose employs robust security and adheres to data protection regulations.

Small businesses should choose inventory management software that meets their specific needs. Businesses can make informed decisions by evaluating factors like user-friendliness and scalability. They should also consider integration capabilities, mobile access, affordability, inventory reporting and security.

For more information on how you can embrace technology within your wholesale and distribution operations, click here for access to FREE E-books, whitepapers and infograph.

Enterprise Resource Planning software is becoming increasingly important in the complex world of inventory and supply chain management. ERP systems are a great way to streamline your operations in a world where precision and efficiency are key.

Firstly, ERP software allows for real-time visibility across the entire supply chain. Due to this transparency, businesses can track inventory levels, monitor orders, and anticipate disruptions quickly. Distributors can optimise their supply chain by centralising information and making informed decisions.

Moreover, ERP systems facilitate seamless integration among departments, removing the silos which often hinder communication. With data synchronised from order fulfilment to procurement, organisations can eliminate errors and redundancies, and ensure accurate information throughout the entire supply chain.

Automation is another key feature of ERP software that transforms inventory management. Automation of routine tasks such as reordering and order processing reduces human error and speeds up the supply chain cycle. It not only increases accuracy, but it also allows employees to spend more time on strategic initiatives.

Furthermore, ERP software enhances forecasting demand through advanced analytics. Organisations can more accurately predict future demand by analysing historical data. Distributors can optimise their inventory levels by using this proactive approach. This prevents excess stock and shortages.

In conclusion, ERP software is a powerful tool for supply chain management and inventory control. The ability of ERP software to centralise data, encourage collaboration, automate processes, and provide analytic insights allows businesses to adapt to a dynamic market.

In addition to its real-time visibility and integration capabilities, ERP software revolutionises supply chain and inventory management through advanced analytics and reporting tools. These features empower organisations to make data-driven decisions, helping them understand market trends, customer preferences, and supplier performance. By leveraging this intelligence, businesses can optimise inventory levels, minimise carrying costs, and align their strategies with market demand.

ERP systems also contribute to better supplier relationships. Through centralised communication channels, distributors can collaborate seamlessly with suppliers, sharing real-time data on inventory levels and demand forecasts. This collaborative approach fosters stronger partnerships, allowing for more agile responses to changes in supply and demand dynamics.

Furthermore, ERP software enhances traceability and compliance. With a unified system, organisations can easily trace the origins and movements of products throughout the supply chain. This not only aids in quality control but also ensures compliance with industry regulations and standards.

Ultimately, the integration of ERP software into supply chain and inventory management processes enables businesses to transform their operations from reactive to proactive. By providing a holistic view of the entire supply chain, streamlining communication, and leveraging analytics, ERP systems empower organisations to navigate the complexities of modern distribution, fostering resilience and driving sustained growth in an ever-evolving market.

For more information on how you can embrace technology within your wholesale and distribution operations, click here for access to FREE E-books, whitepapers and infograph.

Efficiency is essential to success in the dynamic and fast-paced world of modern business. Inventory management software is one way businesses can improve their operational efficiency. This powerful tool can offer a variety of benefits, including the ability to streamline processes, cut costs and improve overall performance.

1. Accuracy and Real-time visibility:

Inventory management software allows businesses to see their stock levels in real time, providing accurate and current information. It helps to avoid stockouts and overstocks. Businesses can also meet customer demands quickly. Businesses can improve their decision-making process and maintain a competitive advantage by minimizing inventory errors.

2. Reduce Costs and Improve ROI:

Inventory management software can help optimise stock levels and reduce obsolescence risk. It also helps to prevent unnecessary holding costs. Businesses can make informed purchasing and stocking decisions, preventing under- or over ordering. This can lead to cost savings of up to 50% and an increased return on investment.

3. Order Fulfilment Improved:

Businesses can improve their order fulfilment process by using accurate, real-time data on inventory. Inventory management software allows for better control of order processing. It reduces lead times, and ensures timely deliveries. It not only increases customer satisfaction, but it also helps to establish a positive image for your business.

4. Improved Supplier Relationships:

Inventory management software can improve communication between suppliers and businesses. Businesses can improve their relationships with suppliers by negotiating better terms and discounts. This collaborative approach creates a more efficient and reliable supply chain.

5. Data Driven Decision Making:

Inventory management software provides businesses with actionable insight through its comprehensive analytics and reporting capabilities. Managers can base their decisions on historical data, demand patterns and other relevant metrics. This data-driven strategy helps businesses to adapt to changes in the market, anticipate trends and stay ahead of their competition.

6. Auditing and Compliance:

Inventory management software is a great tool for businesses that operate in industries with strict regulations and standards. The software simplifies auditing by providing accurate, traceable records. Businesses can then demonstrate compliance with legal requirements.

Conclusion: Investing in inventory management software can be a strategic decision for businesses looking to optimise their operation. Its benefits, which include improved accuracy, visibility, cost reduction, and better decision-making make it a valuable asset for sustainable growth. Technology is a key component of the future business landscape. It will not only give you a competitive edge, but also help you achieve long-term success.

Find out more about the future of wholesale and distribution by downloading the E-Book Free! CLICK HERE.

inventory management software

For product-reliant companies, inventory control can make or break efficiency, customer satisfaction, and profitability. Knowing what you have, what you sold, and what it’s all worth is essential to tax compliance and the health of your business. Sage Intacct Inventory Control works hand-in-hand with your purchasing and order entry processes to keep you in control. Read the Data Sheet here.

Improve cash flow and reduce risk with inventory control

Accurate valuation

Getting to your true cost of goods

Whether you work in wholesale distribution, retail, or maintain inventory to serve clients, knowing the value of that inventory is essential to understanding your organisation’s financial health. Sage Intacct helps you by calculating value based on your business requirements and capturing added costs such as shipping or value adds, so you can get to a true cost of goods.

Maintain optimum inventory levels

For happy customers without overstock

Knowing how much inventory is worth is only the first step to effective inventory control. Maintaining healthy inventory levels requires a balance between serving customers and avoiding tying up excessive capital. Manage inventory across multiple locations and warehouses while using replenishment processes to automate reorder policies by inventory levels and even the time of year.

Move inventory with confidence

Avoiding continual manual counts

Use standard templates for adjustments, transfers, damaged goods, scrap, and more. Or create your own templates to fit your organisation. Sage Intacct lets you create a seamless inventory workflow, from vendor quotes to customer invoices.

Report and analyse in real time

For visibility into how you are really doing

Sage Intacct’s real-time inventory management software features comprehensive built-in reports, so you can see across locations, products, inventory status, and replenishment projections. That means you can make smarter decisions to optimise inventory levels and set efficient reorder points and quantities. And with Warehouse included as a dimension, you can filter reports by warehouse for granular analysis.

Cloud-based inventory management system—a better approach

When it comes to inventory management, businesses can’t afford to have too much or too little stock on the shelves. Unfortunately, inventory can be a rapidly moving target: multiple warehouses, different units of measure, and part numbers that change through kitting. With Sage Intacct’s online inventory management system, it’s easier to track, value, and manage your stock—maintaining accuracy at every step of the way.

Make smarter decisions

With Sage Intacct, you’re fully armed to make smarter decisions that optimise inventory levels, set efficient reorder points and quantities, and use working capital more efficiently. Watch the Sage Intacct inventory demo here and find out more.

Easily scale and grow your distribution business

As your wholesale distribution business grows, your cloud financials adapt and grow with you without any need to add IT resources. Through our software for wholesale distribution, you can expand across multiple locations, warehouses, and entities, consolidate those financials on demand, and instantly see clear reports and analyses.

Why Choose Sage Intacct

While most software for wholesale distribution links data and packages (financial management, CRM, manufacturing, etc.) together in a centralised location, Sage Intacct takes it to the next level by allowing you to share information across your business, while efficiently managing multiple locations, warehouses, currencies, and international operations—with no added headcount.

For more information about how Sage Intacct web-based inventory management system lets you more easily manage inventory across multiple locations and product lines get in touch with one of our consultants today who’d be happy to show you a personalised demonstration of the software for your business.

Put your feet up and see how Sage Intacct helps you gain deeper insights, greater financial visibility and improved business performance – throughout your entire organisation.

REGISTER NOW FOR THE FREE COFFEE BREAK DEMO

Learn how Sage Business Cloud could give your business the edge

From procurement to warehousing, production, sales, customer service, and financial management, Sage X3 introduces better ways to manage your entire business, on a global scale.

BOM planning

Achieve greater consistency

Sage X3 delivers robust single and multi-level Bill of Materials management to ensure the highest levels of product consistency, quality, and collaboration.

Key capabilities include:
  • Multi-bill of Materials (commercial, production, sub-contracting, etc.)
  • Current Bills of Material
  • Mass maintenance
  • Manage changes on a product and Bill of Materials
  • Version number management (major and minor version)

Shop floor control

Gain efficiency on the shop floor

Sage X3 empowers you to prioritise, track, and manage all aspects of your production leading to improved planning, scheduling, and costing.

Key capabilities include:
  • Collection of labour time
  • Direct labour (setup and run)
  • Indirect labour (breaks and indirect time)
  • Actual and elapsed time
  • Multi-tasking (synchronized or unsynchronized)
  • Automatic breaks
  • Time and attendance (Clock in/out)
  • Indirect Time Entry (Clock in/out)
  • Break Time Entry (Clock in/out)
  • Team Entry
  • Shop Floor Tracking Workbench

Quality control

Keep the quality high

Sage x3 provides the tools and workflow capabilities needed to maintain and retain the highest quality standard, including proactive monitoring through complete product traceability.

Key capabilities include:
  • Batch and sub-batch number management
  • Serial number management
  • Use-by date management
  • Stock status management: accepted, rejected, inspected
  • Re-inspection date management
  • Stock sub-status management
  • Quality control record creation
  • Quality control procedures with analysis request
  • Expiry date management
  • Upstream and downstream traceability management

Project management

Run successful projects

Sage X3 helps you manage successful and profitable projects through their entire lifecycle with robust, integrated project management capabilities.

Key capabilities include
  • Project Work and Product Breakdown Structure (PBS and WBS)
  • Multi-level description of the tasks, preparing the operational and manufacturing process
  • Project Cost Breakdown Structure (CBS)
  • Multi-level description of budgets, facilitating project cost follow-up
  • Employee assignments to various operations
  • Advanced project duplication function
  • Financial follow-up function to monitor the budget and expenses of projects
  • Time entries to enter the time spent on a project at the operation, task, and budget level

Mobile

Access data on the go

Sage X3 introduces a better, more personal user experience with secure web and mobile technology at its core, providing access to the data they need, in an intuitive interface, personalised to their role and preferences.

Key capabilities include:
  • Easy to use and responsive on Android and iOS smartphone and tablet devices
  • Mobile and web deployment enables access to common enterprise data from anywhere and on any device
  • HTML5 interface ensures intuitive browser experience and allows for extensive personalisation by users

DOWNLOAD our Manufacturing guide to find out more or contact a member of our team using the contact form.

Or you can take a product tour direct from Sage.