What is Inventory and Purchasing Management? How can it be done easily?
Do you know exactly how many products you have in your warehouse? Do you often decide on orders by thinking, "I guess there will be enough"? If so, you're not alone. Many small and medium-sized businesses still track their inventory and purchasing processes using Excel spreadsheets or paper. As businesses grow, this method starts to become problematic: a product appears as "in stock" in the system when it's not on the shelf, orders are placed late, and sometimes more goods are purchased than needed, leaving money sitting in the warehouse. In this article, we explain in simple terms what inventory management and purchasing management are, how they can be easily controlled with simple methods, and how Entranet can help you in this process.
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