Stock Control Software

By Author: cherry wilson
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Stock control is an essential part of many businesses across the spectrum from service-provider to product-provider. Effective stock control is vital, not just to keep your company running efficiently, but, also, to show a high level of professionalism to customers, partners, and leads. Today, stock control software solutions that are hosted in data centers on the Internet, called cloud-based stock control software systems, offer high levels of capability and are affordable for small to medium sized businesses.

Inventory stock management is a part of stock control that pertains to maintaining inventory amounts efficiently. Inventory stock management software programs help with stock tracking and managing inventory amounts. These systems keep track of the operations that have direct effects on inventory levels and the adjunct operations like invoicing, order entry, quote generation, purchase orders, and work orders. Together these components make up the work processes that result in the operations that have effects on inventory levels.

On the planning ...
... side, inventory stock management systems offer smart interfaces that help you figure out when stock needs to be reordered, taking into consideration historical, booked, and forecasted future sales. These facilities can help you keep adequate stock levels to avoid stock outs and manufacturing process stalls. The facilities can also identify and locate perishing stock or stock that is part of specific batches or lots.

On the customer and supplier relationship side, stock management systems keep track of customer and supplier information, support issues, order history, reorder amounts, price levels, tax tables, etc. With cloud inventory systems, all of this information is stored in a data center that can be accessed from many different devices, including web browsers and mobile devices such as tablets and smart phones. In addition, because web browsers are available on a broad range of hardware, a company has more options for devices in the office or in the field. For example, either a Mac or a Windows device could be used, allowing for a company to use both kinds of operating system as needed.
With the range of possibilities for devices for accessing and inputting inventory data, warehouse management can be more efficient. If data can only be accessed from a stationary computer, someone searching for an item can’t take the information with him while searching for it. Instead, he has to write the item name down or print out the information. Likewise, while doing a physical inventory, the stock information has to be collected and then transferred or transcribed to enter it into the system. However, by using mobile devices, inventory can be updated in real time, providing greater efficiency and less risk of error in transcription.

Using a cloud inventory system saves companies from having to maintain their own database, which requires an in-house database server and someone to maintain it. In addition, inventory data in the data center of a cloud-hosted system is automatically backed up, reducing the risk of loss or corruption of information. The web-based software is automatically updated, so you don’t have to worry about versions or software upgrades. These IT responsibilities are not immaterial, so the cost savings and peace of mind of cloud stock control software, in particular, are shifting forward the growth stages at which companies are adopting inventory control practices and software.
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