Marketplaces constantly change, and eCommerce drives competition for large organizations and SMEs worldwide. Supply chains are becoming increasingly complex, and consumers are more vocal about their experiences. Factors affecting inventory management are becoming complex, from production to distribution time.

Inventory stock challenges range from longer, less reliable lead times to difficulty tracking inventory across the supply chain and multiple warehouses. Other factors affecting inventory control include a need for more knowledge of your inventory and efficient processes.

Businesses should have full visibility of their inventory to know what is in stock when items need to be replenished, and the size and quantity of the order. Inventory control software offers organizations visibility in real-time by replacing traditional operating procedures with new technology. You, therefore, become more efficient in managing your inventory stock.

The needs and wants of customers constantly change; hence they need greater flexibility in their purchasing decisions. One of the essential inventory control factors is learning and understanding the expectations and demands of the customer. 

Inventory software solutions collect and analyze clients’ data which helps the organization adapt to changing customer demands while simultaneously helping to manage their inventory stock to keep up with the demands.

Incorporating the software solution has solved numerous challenges, thus overcoming the traditional inventory control problems.

Remove manual process

The new inventory control system has automated all processes, thus improving the efficiency of the inventory control practices. This has helped businesses see their inventory stock and inventory-related expenses in one central location. The visibility is also linked with barcode technology to provide real-time access to information stock in the warehouse. This helps the managers decide when to replenish and reorder stocks.

Improved customer satisfaction

Communication and transparency are important for customer satisfaction. Online inventory control helps notify customers when a product is back in stock. They can also track the progress of purchases from the point of sale to shipment and delivery to them.

Save resources and reduce waste. 

Automation helps to save time and money. For example, the system ensures that old stock is sold first to enhance real-time product lifecycles. This helps improve the inventory control system forecast, which helps decision-making.

Katpen INV helps automate your inventory department from being traditional. We bring in a new and improved inventory software system that helps solve all the inventory issues. This helps your business to become automated from the point of sale to the product's delivery point. Contact Katpen INV and increase your efficiency and effectiveness on all your stock processes.

*Katpen INV is one of the products of KatPen Innotech Solutions