A Perfect Inventory Tracking that will help to grow your business

Most of the small business owners still count or tracking their inventory by hand write and key in data. They are updating, maintaining and controlling inventory system manually without using any technical system. Business owners should realize this manual inventory tracking.

A transition from a traditional inventory tracking into an automated tracking system will save time, money and resources. Perfect Inventory Management Software will help business owners as well as employees involved in the case of time and accuracy.

No More Spreadsheet

Utilizing Excel sheet to track inventory may cut the cost of an organization. It may be perfect for start-up and small businesses even medium-sized businesses may struggle with inventory tracking by excel sheet.

For enterprises managing and tracking all inventory using excel is not a cup of tea. It is hard to handle tracking inventory, order, sales and dozens of other functions only by Excel Sheet. Using an Excel sheet to track inventory is outdated though.

Old methods to track inventory can cause potential problems that limit your business’ capacity to grow for several reasons, including:

•          Inefficiency in tracking large quantity inventory

To track a single item the workers or staffs have to spend hours in a spreadsheet. You have to enter all your incoming and outgoing products manually. This will lead to many workers to single inventory tracking and a busy day. Using Inventory Management Systems Software will make these things easy.

•          Lack of real-time data

Tracking real time inventory data using spreadsheet is pretty hard when compared to inventory management software. By using the software you can see the report to determine the usage of each site. From there you can see what the items available in stock are and what items need to be ordered.  You no longer have to spend hours a day updating spreadsheets.

•          Errors

The mistakes are more likely to happen when you enter data manually. Once an incorrect input has been made in Excel and not corrected, greatly twisting information further down the line.

Use a Barcode scanner to track inventory and orders

As we see above the excel sheet for tracking inventory is not reliable. To implement barcode system all we need is an Inventory Tracking Software with barcode scanner integration. A single scan instantly give us data such as stock, the items need order and also give data about what items are inventory available more than sufficient. Barcodes can hold up to 4000 characters of text so that more information on each inventory item can be added easily without any errors. Inventory is not an easy thing to do. Barcode system will give us clear data about stock without any errors. And we can get better visibility over your stock.

Implement Inventory Tracking Software

Nevertheless you accept the above said points, You may think of the cost of implementing Inventory Management Software. As said before try to move away from manual tracking whether it may be through spreadsheet or some other form of Tracking. Are you still think using excel is cost effective? You will realize later when your business going slow as your spreadsheet management.

Spreadsheets really waste your time, money and resources.

For a fast growing business, inventory systems should be directly integrated with the overall supply chain and customer experience.

“The right inventory, at the right volume, in the right place … at the right price”

LetoERP is powerful Cloud-based ERP Software provide best inventory tracking for your modern online businesses. We combine sales channels, locations, and currencies so that every product, order, and customer can be managed in one place.