Looking for the best way to keep track of inventory?

Are you looking for effective inventory management for your business? While every business will have unique needs, there are a few things that can help in almost every industry. Here are our top 3 things to look for in an inventory management system. 

 

Real-time information

The faster you can update your records, the more accurate and therefore useful those records will be. A good system will help you stay on top of your records and keep your stock up-to-date all the time. 

Whether it comes to ordering in new stock or checking if you can fulfil an order, the more up-to-date the records you have, the more helpful this can be.

When looking for a good system, check how fast you can update your stock levels and how quickly reporting is updated based on this. 

Want to reduce your stock on hand? Here are a few ways you can reduce the stock you need. 

 

Easy-to-update

Leading on from that point, ease of use can be a huge factor in how accurate your information is. If updating stock is a long or complex process, then your team are more likely to neglect to do it or make mistakes.

Having a system that makes it intuitive and easy to record when stock is used can help you keep accurate stock records. Similarly, recording received stock should also be easy to learn and do. 

Remember, the simpler it is (while still producing the reports you need), the more likely it is to be done and done correctly. 

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Talks to your other functions

Your stock records will be of limited use if they don’t ‘talk’ to your other business functions. If you are keeping your stock records in a spreadsheet then the ways that you can use that information will be limited. Not to mention you will have to spend valuable time manually updating other records, leading to more admin time and a greater chance for error. 

WorkGuru houses project management and stock control in one system, so you can update both at once. It means that stock usage recorded against projects will automatically update the amount you have available. It also means that you can easily know the stock you have on hand when pulling together a quote and working on a project.

 

Read more about how WorkGuru can help.

 

Need inventory management and project management? 

If you are looking for a system that can help you manage your stock and jobs, then WorkGuru may be the answer. The easy to use software can help you manage both these functions in one place.  

If you want to see if WorkGuru is a good fit for your business, book in a free training session. The session will help us to answer all your questions while you get hands-on with the software and see how easy it will be to use. 

Book in your free training session now.