Archive for the ‘Business Efficiencies’ Category

Real-Time Internet-Based Inventory

Saturday, March 14th, 2009

Inventory tracking has come a long way since the days of pencil and paper. We have now moved into the realm of virtual data and all the efficiencies that provides. We can now communicate changes in stock levels the second a sale is made or replenishment takes place.

Imagine one of your salespeople gets ready for a big sales meeting.  He/she checks the current inventory level of Product A and sees 1000 units available. The salesperson makes the sale and 800 units are instantly removed from the current inventory. Another salesperson at another clients office wants to sell the same product. He/she now sees that there are only 200 units available. How embarrassing would it be for both salespeople to commit 800 units each with only 1000 available? But with this real-time knowledge, the second salesperson knows not to commit to more than 200 units.

Along with instant data comes secure storage of records. No need to worry about losing valuable data because someone lost the tally sheet, or because the desktop computer that ran inventory program crashed with a year’s worth of inventory history. Data can now be stored on secure servers in multiple locations. If one copy was destroyed due to catastrophic events, there can be a back-up in another location ready to be accessed by everyone in your company.

All of this can take place via the internet and a website. The website acts a front door to the data which can be accessed by anyone you chose with varying security and access levels. You can hide it from prying eyes or make it available for the world to view. Your choice.

Inventory data can be tied directly to manual sales, online sales, shipping and receiving, or any other system that can modify current levels. The only limit is your imagination.