The way in which your wholesale distribution business manages inventory has a direct and critical impact on your overall success and long term viability. Successful business owners understand that inventory represents their livelihood and its importance should never be underestimated or undervalued. Traditional methods for managing inventory, such as pen/paper or spreadsheets, can still be viable options for smaller start-up businesses, or businesses who hold very small amounts of inventory. However, as your business begins to grow and expand its offerings, the redundancies and manual processes involved can become too cumbersome to manage efficiently
Inventory management software streamlines operations and automates the processes of your wholesale distribution business. Learn more about specific inventory management techniques such as:
This eBook contains a compilation of insightful blog posts discussing Inventory Management Techniques for small-medium size wholesale distribution businesses.
Inventory management goes hand-in-hand with proper accounting and financial management. It's important to track inventory costs, set prices and manage the invoice process.
“We’ve probably gone from 30 orders a day in the past, to probably 100 with being able to just one-by-one get the orders out. “
Inventory management software with advanced functionality such as barcode scanning, lot tracking and landed cost tracking allows your business to further improve processes.