If you’re struggling to achieve your business goals, it’s time to do something about it – and, by acting now, you can get 2021 off to a fantastic start. One of the most important steps that you can take is to invest in high-end inventory management and stock forecasting software. It can help you to:
1) Be Proactive
Utilising contemporary demand forecasting and inventory management software will allow you to set realistic targets and organise your operations so you can meet them with ease. You can use it to analyse data and identify trends, so you can work out your stock, staff, and promotional requirements accurately and in advance.
2) Control Your Costs
If you have too much stock available, you’ll need to dispose of it or store it – and both of these options have costs attached. What’s more, if your warehouse is filled with dead stock, you’ll find it harder to get to fast-moving items, and this will affect productivity. Failing to predict how many staff members you need can also be expensive. High-end software will help you plan more effectively so you can meet your financial targets.
3) Keep Your Customers Happy
If you don’t manage your inventory properly, you may not have sufficient stock to fulfil your orders promptly, and that will damage the reputation of your brand. Utilising the latest software will allow you to pinpoint busy periods so you can put appropriate plans in place. That means that you’ll be able to hit your fulfilment targets and delight your customers, which could result in additional sales.
4) Sharpen Your Organisational Responses
Our software allows you to produce weekly, monthly, and annual forecasts based on data taken from your Enterprise Resource Planning (ERP) system, and to follow goods as they move through your business. It will also ensure that all your team knows what’s going on. You’ll therefore be able to spot inventory management issues and unexpected changes in demand quickly, and revise your strategy to account for them.
5) Futureproof Your Forecasting
The best forecasting software is now based in the cloud. As it sits on your provider’s server, you’ll receive updates automatically, so you won’t need to purchase new versions all the time. What’s more, it’s scalable, so you can still utilise it as your business grows. That means it could help you to hit your targets both in 2021 and in years to come.
Our cloud-based forecasting and inventory management software can do so much to help you attain your business goals that you’re likely to get a superb return on your investment. You can see how it works before you buy it too – get in touch to book an online demonstration.