As the name suggests, automated inventory management is a method adopted to optimize various inventory operations. There are several elements of the procedure that can be automated, including supplier relationships, reordering, real-time updates, nominal rates, franchise management, in-store orders, internal transfers, and more. Ultimately, automated inventory management saves money, time, and business mistakes.
The 'automated inventory software functions' are essential for every retailer who is looking to expand their product range and scope. For those looking to upgrade to multiple locations, this feature becomes even more important.
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Automatic relocation is one of the most important functions for smooth inventory management. With inventory notifications, personalized denominations, and supplier relationships, merchants can relax knowing they always have the right amount of inventory.
Each retailer can set their own level for each product in their inventory. The point of sale determines the best time to reorder and will do so automatically when inventory reaches this threshold.
Transfer of Shares:
To manage inventory across multiple locations, organizations must also be able to set up inventory transfers. This allows you to ship goods between locations without losing track or changing reports or cost analysis.
Integration with e-commerce:
Automatic inventory tracking is of course also important for multi-channel sales. As more and more companies go online, it is important to track all sales and behavior in physical stores and web stores.
Save order cycle:
You take automation a step further. Instead of setting a custom to reorder amount for each individual product, store orders automatically generate one report for all items to be ordered. From there, the software sends order inquiries to the appropriate providers. Again, all of this happens without having to press a button.