An inventory management system is a tool that allows you to accurately track goods across your business’s supply chain. It is a must-have for any business to smooth an efficient functioning while minimizing the costs. The transparency has a big impact on the bottom line of business. Precision in tracking goods, businesses can minimize waste, analyze trends, and make better investment decisions

CRM Software for Inventory Management with the right features can help reduce the tedious process of managing inventory.

How CRM Runner can help you in Managing Inventory?

1) Accuracy in inventory management.

Tracking of inventory isn’t just about taking count of stock in your warehouse. Keeping track of the movement of goods is equally important. This means sales receipts and invoices need be processed and the stock levels need to be adjusted accordingly. Any inaccuracies in this task will result in an inaccurate inventory count, and even the smallest discrepancies can mean trouble.

Every transaction can automatically be tracked ensuring that you always have an up-to-date inventory.

2) Happy and satisfied customers

Well, it reduces your time to fulfilment for a start. With this software, you’re able to keep fast-selling products in stock (from your analytics and reports remember?) and fulfill them immediately. Quick delivery will make a customer happy. The system also handles returns and exchanges efficiently.

3) A good inventory management strategy increases efficiency and productivity.

With features such as barcode scanning, CRM Software for Inventory Management can help drastically improve your efficiency and productivity. Eliminating manual processes can help your employees focus on more important aspects of a business.

4) A good inventory management strategy helps save time and money.

Inventory management can have real-time and monetary benefits. Keep a track of stock already in-hand or ordered, you save yourself the effort of having to do an inventory recount to ensure your records are accurate. A good strategy also helps you save money that could otherwise be wasted on slow-moving products.

5) Automated and effortless management

Manual accounting of inventory drains away hours of precious time of your employees, taking time away from marketing, management, sales, and other crucial parts of keeping your business running smoothly.

With more and more tasks being automated, you’ll need to spend less and less time performing those tasks by hand. Shuffling through receipts, sorting through bins, or tallying stock counts, will be done just by a click of a button.

6 ) Reports by a click of a button

Sales history can be viewed and monitored in the form of a list including the most popular products. The feature enables you to manage items in your inventory that have not reached the expected sales level, for example, by offering discounts on them. Furthermore, you easily identify which products are in demand, both perpetually and seasonally, and prepare to meet your customers’ needs.

7) Access from multiple locations.

Manage multiple warehouses and point-of-sale (POS). Multiple locations can be integrated by the use of CRM.