Inventory automation uses industry-specific hardware and software to improve efficiencies, reduce mistakes, and get better results from your supply chain processes. The primary purpose is to replace manual tasks with systems that function with minimal human interference required.

Inventory management involves ordering, stocking, and utilizing business materials or products effectively.

Getting your pick-and-pack process right is essential to efficient e-commerce order fulfillment and customer satisfaction. Picking and packing involve four steps – order receiving, order picking, order packing, and order shipping.

The hero section of your website is the first thing clients see without having to scroll down. This is because the top area of your home page, also called the "above the fold", showcases all the business activities and appears to be the most important part of your site. On the other hand, if you are not making the right impression and engaging your target markets with your hero, you are losing business and need a new website strategy.

Today, small business inventory software is available as never before. While store owners can do this all by themselves, there are a lot of inventory management software solutions for small businesses that can automate this process and help create new strategies.

Sometimes products get out of stock when customers want to purchase them. This occurs in both retail and wholesale scenarios. In the retail context, it happens at the point of sale (POS): consumers come to the warehouse to make purchases and are told there is no available stock.

Inventory management starts with a defined process, but inventory management software tools also help. It mainly involves ordering, stocking, and using business materials or products. Different inventories include raw materials, cycle inventory, and MRO goods. Prioritizing your list helps you understand what you need to order or manufacture more frequently to fulfill your customer’s needs.

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.

You need a Point of Sale System (POS) to complete consumer purchase transactions if you are operating a business. The components of a POS system include hardware, software, and operational features.

All sales across all industries need speed and accuracy to process the customers’ purchase at the Point of sales (POS). Choosing the right POS billing system can speed up your billing and make managing inventory and accounting easier. The POS system should work with a range of scanning hardware to be flexible and integrate with existing equipment. Both POS and billing software should integrate with inventory and accounting to create an environment where they can work cohesively to improve performance.

Augmented vision is highly recommendable for inventory management. It is most effective and promising in the item-picking area. Guiding inventory management employees through order-picking operations, handheld mobile devices, and smart glasses with augmented reality software reduce time expenditures and the error rate. The software can also be integrated with warehouse management systems and CRM to ensure efficiency.

Inventory management ensures the proper supply is available to meet customer demand. Suitable inventory management systems and processes help the business to predict and meet customer demand accurately. Effective inventory management requires gathering and analyzing data across the supply chain, including purchases, reorders, shipping, warehousing, storage, customer satisfaction, asset turnover, etc. The aim is to generate maximum profit and avoid problems like stock-outs or overstocking.

Inventory management systems and POS are vital for companies’ health. The inventory system ensures that there is rarely too much or too little stock on hand, limiting the risk of stockouts and inaccurate records. It also helps in tracking inventory from purchasing point to the sales point. Once the stock is sold, it becomes revenue.

With companies producing more and more products worldwide, the issue of keeping track of enormous amounts of parts and materials used in the manufacturing process has grown increasingly complex. Inventory control can use artificial intelligence (AI) to help achieve a powerful insight for your business, highlighting exciting trends from large volumes of data to help procurement and warehouse teams manage their daily inventory management tasks.

Do you want to improve your business productivity? Is managing your business inventory getting out of hand?

You are in the right place to learn the best ways to embrace and scale your business to the next level. With the rise of e-commerce as a shopping medium, companies must deliver an incredible customer experience to build brand loyalty and recall. One of the customer experiences on the internet is having a low turnaround time between placing an order and receiving the product.

With the new year 2023, we must keep abreast of the current trends in inventory systems. It doesn’t matter the kind of business you are doing. But do not worry; KatPen INV is here to help you manage your inventory system and lead you to the growth roadmap.