Purchase order software or procurement software can automate several of your PO processes, reduce paperwork, make more efficient purchasing decisions, provide supplier insights and ultimately boost your profits no matter what industry you are in.

However, it requires pinpointing the right option for your business, and it can certainly be difficult to find the right purchase order software.

Many are lacking in the automation features to really make your PO processes move faster or the reporting features that are required to gain actionable insights and boost your bottom line.

Your ultimate choice of purchase order software should be based on key capabilities that you can utilise now to drive higher profits for your business.

What exactly does purchase order software do?

Purchase order software simply allows businesses to quickly prepare digital purchase orders to request products from their suppliers.

It typically automates or streamlines several components of the process, and features vary widely depending on the software provider.

What types of purchase order software are there?

There are a vast range of options available for purchase order software ranging from outdated software that may be time consuming or lacking in features, up to cutting-edge and modern cloud-based solutions like DEAR Purchase Order Software.

Cloud based purchase order software has the advantage of being affordable for many businesses on a monthly basis while also providing ongoing updates, support and new features.

This can be essential to keep your business on the cutting edge and ensure that your purchase order software can provide a range of profitability insights.

What should purchase order software be able to do?

There’s no question that at minimum, purchase order software be able to automate your purchase ordering process. Some types of purchase software allow for more automation than others. In addition, analytical and reporting capabilities vary widely.

To gain the most profitability and visibility for your business, it makes sense to invest in purchase order software that can provide a range of reporting features.

DEAR purchase order software provides most of the automation features that you need along with through insights by providing reports on inventory moment, aging, financial summaries and more.

• Purchase order software should provide supplier profitability insights

Your profitability is what matters at the end of the day, and if there are suppliers that aren’t showing as much promise as others, your purchase order software should be able to demonstrate that. The right purchase order software will provide details on your most profitable suppliers.

• Purchase order software should have advanced landed cost distribution capabilities

An industry leading purchase order software should also have advanced Landed Cost Distribution capabilities by cost, weight, quantity or volume of a product. This allows you to always accurately read your COGS and get a better picture of your true profit margins.

• It should be able to receive stock in multiple fulfillments against the same PO

Purchase order software should also be able to receive stock in multiple fulfillments against the same purchase order to provide accurate records and streamline your processes. It should also be able to create multiple invoices against the same purchase order if there are multiple deliveries to further streamline your PO processes.

• Purchase order software should have a mobile app

Having access to a mobile app for your purchase order software will make your life much easier. Top rated purchase order software thus should also come with a mobile app, also known as a Warehouse Management Solution (WMS). This allows you to receive stock seamlessly using an integrated barcode scanner which streamlines your order receiving process. Your WMS should be able to let your users receive stock, put away stock, stocktake, write off damaged goods, and print product labels on the spot.

• Top rated purchase order software should support automation

The best purchase order software options provide a range of automation features to eliminate steps for a range of internal processes. Automated notifications for backorders, sales, inventory status and other notifications should be able to be set up in the software along with automated reordering when stocks are low. Features like barcode scanning and convenient purchase order recordkeeping further automate your business.

• It should support multiple currencies

When your suppliers are located in a different country, your purchase order software needs to be able to handle supplier bills that are different from your base currency. Make sure that you find the right PO software to provide multi-currency support otherwise you may have to take a few additional unwanted steps.

How DEAR’s purchase order software stands out

Pick the right purchase order software for your business can make all the difference in both long and short-term profitability.

DEAR Purchase Order Software is equipped with a vast range of features that set it apart from other available options:

• Find Your Profitable Suppliers – Easy pinpoint your most valuable and profitable suppliers and specific products by reviewing your purchase history and seeing inventory movement.
• Automated Reordering – Automating several steps of your purchase process saves time and overhead. DEAR provides automatic reordering when stocks are low and backorder fulfilment.
• Streamlined Inventory Processing – Inventory processing becomes faster than ever with barcode scanning and automated data entry.
• Upload Large Orders Easily – DEAR further streamlines your PO process by making it easy to upload large orders with a simple template.
• Intuitive Software – Ease of use is one of the most important features for business owners and managers. DEAR’s purchase order software is designed with ease of use in mind and makes it easy to perform day to day operations while reviewing profitability reports on demand.
• Landed Cost Distribution Capabilities –  DEAR stands out by providing the Landed Cost Distribution Capabilities you need to get a clear picture of your margins.
• Multiple Fulfillments and Invoices on the same PO – DEAR can also receive stock in more than one fulfillment on the same purchase order and create multiple invoices against the same PO.
• Mobile App – DEAR offers a convenient mobile app (Warehouse Management Solution) to streamline your order receiving processes. The app allows you to easily receive and record stock with a barcode scanner and users can also perform all of the tasks previously mentioned including receiving stock, putting away stock, stocktake, writing off damaged goods, and printing product labels immediately with an integrated mobile printer.
• Automation – DEAR supports a vast range of automation capabilities to help your business stay on top of communication and orders, including the capability to set up automatic notifications for sales, orders, inventory and backorders. For example when backordered items are received into stock, a notification can be generated automatically either by email or in-app that notifies the relevant sales agent to start contacting customers who have placed orders for these products.
• Multi-Currency Support – DEAR automatically converts currency when creating a purchase order if supplier is from a different country.
• Industry Leading Support – DEAR provides industry leading responsive customer support to help you work with its already easy to use software.

Get a free trial of DEAR Purchase Order Software today to see how it can boost profitability for your business.

Start your free 14-day trial today

The Benefits of WMS Software

5 Ways a Built-in Cloud ERP Payment System Increases Your Profit

Don’t miss the first part of this series: How Cloud ERP Solutions Will Revolutionize Your Manufacturing.

With our latest update, DEAR’s complete suite of cloud-based ERP tools can now go toe-to-toe with the most robust legacy ERP solutions — without the hassle, manual work and headaches. It’s everything you need for complex manufacturing processes, in one place, tied to everything else you need to run your business: accounting, sales, inventory and more.

We’re here to give you a sneak peek at what this cutting-edge manufacturing solution looks like.

The quick version? It’s streamlined, automated and easy to manage.

Manufacturing, From Start to Finish

Let’s start with a sale. When a sale is entered into your system (automatically if you’ve connected your sales features), the software checks your stock and inventory to see if a product is available. If not, it automatically creates a production order. You can then authorize that order.

Then, the program checks whether you have enough raw materials to fulfill that production order — if not, it automatically sends out a purchase order for the required amount. The software also calculates the required release date and determines when the process needs to start to meet the required due date.

When everything’s ready to go, you can start a production run to begin completing that production order. You can even auto-pick resources, so that all your resources — from goods in certain bins, to machines, to workers available for a task — are allocated to the run automatically based on availability.

The catchwords here are efficient management and easy visibility into production. All of these tasks are instantly recorded in their relevant categories, so that purchases are listed within transactions or allocated resources are marked as “consumed” within your resource planner. You can also load the BOM to get a complete overview of the production run. There’s also a handy overview chart where you can see all simultaneous and scheduled production runs or reorder them by simply clicking and dragging within the scheduler.

Ready to get started? Get a Consultation today!

Take a Closer Look: Breaking Down the Module Functionality

So, looking for more details into how this all works? Here’s a breakdown of the parts that enable this unrivalled Advanced Manufacturing software.

DEAR’s Advanced Manufacturing solution has two main facets: settings and production planning. While manufacturing management is necessarily a complex process, this clear breakdown and easy oversight makes it an approachable, easy-to-digest process.

Settings for Production

Production settings need to be configured when you first implement manufacturing management. These provide the guardrails for all the work you actually implement through the tool. That includes settings for:

– Factory calendar

– Logistics paths

– Work center

– Resources

– Bill of Materials (BOM)

All these systems interconnect seamlessly to set a solid foundation for your manufacturing process.

When: Factory Calendar

The calendar settings control all time requirements for production, from work hours to holidays to break times. It passes all its information to functions like the scheduler and capacity planner — ensuring that no work is ordered on a weekend, for example. Once you’ve inputted your desired time ranges, the calendar tool handles the rest.

How: Logistics Path & Work Center

Your logistics path essentially connects your warehouse and retail functionality and defines the route for all components required to manufacture your goods. It details a path for tasks and locations from bins full of components to shop floors.

The work center settings enhance that setup by defining exact bins for a component pick and identifying a specific place of production, or work center. Essentially, it helps you define the right production center for each component and add specificity to your identified logistics path.

What: Resources & Production BOM

Your resources settings help you define all the resources that you have available to take part in the production of a good. That includes people, raw components and machines. You can even fine-tune settings to define capacity maximums or whether the resource is finite. Best of all, the hours you’ve already defined in your calendar can be automatically associated with your resources to define capacity. By adding associated costs for each resource and a dedicated expense account, you’ll enable analysis and assessment capabilities, too — for instance, the program can automatically calculate costs, allocate appropriate resources and calculate minimum cycle durations.

Next comes the all-important BOM for production. The Bill of Materials acts as a summary or recipe of how to produce your finished good, including lists of components, resources, operations and quantities required, broken down into steps. The system then can determine the order of each operation within available cycle times or whether adequate resources are available.

Planning and Production

Identifying and configuring all these settings enables you to move smoothly into production itself, with the peace of mind that everything is set up in the most efficient way possible. All settings communicate relevant information to production processes, and the software automatically ensures that your process is as optimized and cost-effective as possible.

DEAR’s advanced manufacturing solution provides you with several tools for production (fed by the calendar, resources and other settings), including:

– Capacity planner

– Production scheduler

– Production order

All of these tools cover the needs of production processes, from the most simple to the most complex. They’re also geared to minimize cost, schedule manufacturing to ensure highest production and least downtime and ensure that you’re never behind on your schedule.

It’s manufacturing, as it should be in an ideal world.

But don’t just take our word for it — get a consultation today to see it for yourself!

For more details, check out these support articles:

– Getting started with our production module

– Setting up a logistics path

– Production order lists

– Managing production orders

– Managing production resources

– Production BOM

– Production scheduler

Start your free 14-day trial today

How to Find the Right Inventory Software

Why You Need an ERP for Manufacturing

If you’re in manufacturing, you need a manufacturing platform — seems obvious, right?

Manufacturing is huge category that covers how finished goods are created and produced, and particularly the machinery needed to accomplish that. Production takes a magnifying glass to that concept, turning raw materials into finished goods that you can sell.

In both discrete or process manufacturing, efficient production requires a ton of moving parts to work cohesively, from machines to supply chain orders to workers to schedules. Without software to manage those diverse pieces, you’ll struggle with higher costs, slower timelines, errors in capacity estimates and more.

Yet manufacturing solutions on their own can be a bottleneck to production. They often:

• Lack complex workflow management tools
• Offer limited manufacturing tools, such as cost calculators that can’t provide a breakdown of individual project costs
• Exist in a vacuum separate from your other business process tools
• Rely on third-party integrations for other tools, which are slower or prone to failure

In other words, manufacturing platforms on their own are limited. For businesses looking to scale, an ERP is vital.

The problem? Legacy ERPs.

Picture your ideal state of manufacturing. Is it full of manual work, complex integrations across multiple systems and a cumbersome platform that creates as many problems as it solves?

Probably not.

But that’s the reality of manufacturing with traditional Enterprise Resource Planning (ERP) solutions. It’s one of the reasons many growing businesses have been reluctant to transition from smaller-scale manufacturing solutions to a full-fledged ERP.

The solution? Cloud-based ERPs.

Cloud ERP solutions encompass more than just the foundational manufacturing process. They pull in more comprehensive production needs and tools, from inventory management to sales integrations to accounting. Typical manufacturing software, even if they’re based in the cloud, simply can’t cover all those business needs.

There is a catch, however: some cloud ERPs can do more than others when it comes to manufacturing. That’s why it’s essential to look for a provider that offers a complete cloud ERP suite, including advanced manufacturing capabilities.

Moreover, elite cloud ERP suites can also integrate directly with other business tools, such as XERO or HubSpot, via open APIs. These holistic solutions essentially provide you with a tech stack that covers all inventory, production, shipping, marketing, sales and accounting needs.

Without these partnerships and advanced manufacturing management, cloud ERPs aren’t a complete solution for business management. Only comprehensive cloud ERP suites can truly rival the functionality of legacy ERPs — with none of the downsides.

Meet DEAR’s Comprehensive Cloud ERP Manufacturing Suite

With our latest upgrade to our material requirements planning (MRP) tool, DEAR’s cloud ERP solution now offers a truly comprehensive suite of manufacturing tools. This solution was created to help you accomplish key production goals and go from managing to optimizing your manufacturing.

MRP is a planning tool geared specifically to assembly and production that allows each manufacturing unit to tell its supplier what parts it requires and when it requires them. It’s created to tackle the problem of “dependent demand,” where you need to know the number of finished products to determine how many components are required.

Specifically, it’s designed to enable you to:

• Implement demand-driven manufacturing, which helps you execute manufacturing orders efficiently and capture the benefits of inventory management
  
• Organize a smooth production process capable of timely delivery of finished goods
  
• Manage the capacity of all your production resources
  
• Plan out all the components you need for production
  
• Control and schedule each step of production
  
• Automate and visualize the planning and scheduling process
  
• Enable complete supply chain management
  

MRP rounds out our manufacturing suite — here’s how.

Any complex manufacturing requires tools that can handle complexity, particularly the advanced planning and scheduling functions that come with our MRP module.

This upgrade has elevated our cloud ERP solution into a truly comprehensive suite of tools and closed any gaps in our manufacturing model. You can now evolve your manufacturing from a simple production process to a fully planned and optimized process with finite control over capacity and resources, including complex workflows like logistic paths.

Our manufacturing module now includes these functions:

1. Master Production Schedule (MPS), which accounts for known demand and forecasts products that will be created.

2. Explosion of Bill of Materials, which includes production time as a resource and includes the multiple steps required to complete a production run; the levels of production are “exploded” from the MPS down to final assembly.

3. Inventory netting, where any stock on hand is subtracted from the required production resources you identified through explosion; this determines the quantity of each item you need to begin your manufacturing.

4. Offsetting, which determines when manufacturing should start so that the finished items are available when required and leaves a “lead time.”

5. Creation of purchase and production orders, which automatically account for the quantities and timing of resources that you need.

6. Creation of stock transfers to ensure your materials are where they need to be

These processes all speak automatically to one another. The end result is that before you begin production, a complete list of requirements and timings can be automatically ordered from your outside suppliers. That means no more backtracking, coming up short or running manual calculations to determine how to best complete your production run.

Together, these benefits transform your manufacturing process.

With all of these capabilities packed into one powerful software module — which is fully connected to DEAR’s broader ERP suite of solutions, including inventory management — you’ll see tremendous return on investment in your production process.

Increased control and oversight helps you deliver high-quality products, on time, with a higher operating margin. Leveraging these features to implement demand-driven marketing will help you reduce expenses, particularly in inventory.

Best of all, our cloud ERP solution enables advanced manufacturing that’s easy to use, with a low barrier to entry. You can run production seamlessly and reduce costs without deep knowledge in economics theory or a heavy investment of management time.

DEAR’s cloud ERP solution is ushering in a new age of collecting, storing, managing and analysing business data. With this upgrade comes greater efficiency, cost insights, stock control and reporting, to name a few. And our latest manufacturing tools elevate our cloud ERP solution to be truly on par with the capabilities of legacy ERPs.

Get started today — book a consultation now!

How to Find the Right Inventory Software

The Obstacles to an Efficient Fulfillment and Warehouse Management System

This article is part 1 of 2 in our series, “Why an Efficient Fulfillment Process Starts with WMS Software.” Stay tuned for more!

You sell a product. The product ships to the customer. Simple, right?

Of course not. That simple logic hides the messiness, complexities and tight deadlines of a crucial process: fulfillment. And when you add a warehouse full of inventory to the mix, you absolutely need an effective organization system for your business to function, hence a warehouse management system (WMS). That system is the backbone of your warehouse.

To run a warehouse, you need an inventory management system. To run a warehouse efficiently, you need WMS software.

Fulfillment comprises a series of tasks, from order management to warehouse management. You may feel that your current system is adequate, whether it’s manual or based on some combination of order tracking and inventory management.

But the truth is, a highly efficient and streamlined fulfillment process simply isn’t possible without WMS software. Without it, you’ll be stuck at a lower level of efficiency for both time and cost. Here’s what that looks like:

Level 1: Manual

Some businesses still run fulfillment manually on printed lists in their warehouses, either because they have yet to upgrade or because they’ve only recently expanded enough to need a warehouse. While a well-organized manual process does represent a warehouse management system, it’s a pretty low-level one.

A manual WMS will cause you all sorts of headaches, including:

-Human error & associated rising costs

-Lack of transparency

-Difficulty of optimizing based on data insights

-Inability to do complex picks like wave or bulk

These factors combine to create rampant inefficiency across the board.

Human Error & Costs

Human error is incredibly common — and incredibly costly. A misprint could result in an incorrect shipment; a list distributed twice could result in a whole slew of duplicate orders sent out; theft can result in immediate losses; even simple mispicks or incorrect packaging might send orders in all the wrong directions.

The ramifications of these errors are the real problem. Inventory is an incredibly valuable asset, and when it’s sent to the wrong place, it’s a sunk cost. That’s not to mention disgruntled customers who received the wrong order or no items at all, as well as associated costs of retrieving misships or having to send out the same order again. A manual warehouse management system, even with the best oversight, can do little to prevent all of these errors.

Transparency & Data Insights

A manual system is also more challenging to optimize. Without clear data insights via a software program, you can’t make small but impactful improvements like reorganizing your inventory or ensuring that workers are using the fastest route between shelves.

Complex Workflows

Manual WMS also limit you because they don’t facilitate more complex (and more efficient) order fulfillment. For instance, you can’t run something like a wave pick to mastermind the flow of workers within the warehouse with just a pen and paper. If you’re picking orders as they come in or relying on a print-out, you can’t do bulk picks to satisfy multiple order lines, because you simply don’t have the oversight of the whole system to do that.

Level 2: Order & Inventory Management

A significant step above the muddle of manual management is software that’s adjacent to warehouse management systems. Most commonly, that means order and inventory management softwares.

For growing businesses, this is a great intermediary step. It ensures that your inventory is properly tracked, that orders come through automatically based on inventory availability and more. Early into warehouse management, this system will work just fine.

Here’s the catch: with these non-specialized softwares, you’ll end up running into many of the same problems as a manual warehouse management system. You’ll have more insight into your inventory, but still no data on your warehouse itself. You’ll have better control over orders, but still struggle to efficiently manage complex workflows like bulk picks. You’ll also still rely on manual processes such as printing out order lists for workers.

Inventory management is pretty much a necessity to any business with physical goods — but for a company with a warehouse, it’s simply not enough. It comes down to this: if you have a warehouse, you need WMS software.

Start your free 14-day trial today

How to Find the Right Inventory Software

One of the most time-consuming and most important aspects of running a business is inventory management. Keeping an accurate account of your inventory is crucial to ensuring operations runs smoothly, you don’t run out of product, and you can predict future needs. Here are a few basics you should know about inventory management, including a few best practices and the potential benefits of an inventory management software.

Why Does Inventory Management Matter?

Managing your inventory might seem simple, but it plays a much bigger role in your business than you might realize. Keeping a proper count of your inventory makes it easy for you to forecast demand, and the longer you keep track, the more accurately you will be able to predict your needs.

Having an effective inventory management system is also crucial for reducing costs. Not only will you not be wasting money on product you don’t need, but you’ll also be saving money on unnecessary storage space and overtime pay for employees. Finally, while implementing a sales and inventory system costs money on the front end, you will find that it quickly pays for itself in and accuracy.

One unexpected benefit of an inventory management software is the boost in morale. Your employees will have a quick and accurate way to find what they need, so they are no longer wasting time searching for product. Keeping stock is much easier and faster, leaving your employees less stressed and better able to manage their time.

Best Practices

For businesses big and small, there are a few key things to keep in mind in your inventory management techniques. First, you’ll want to keep the first in, first out (FIFO) method in mind. Add new products to the back so that older items will be the first to be pulled from the shelves. This is obviously beneficial for perishable items, but using this method with nonperishables is good as well, so that the stock doesn’t become damaged.

Even with the best sales and inventory system, you will need to occasionally audit your inventory by hand. You can decide how often you should check in with your products based on what works for you, but having a hands-on approach to your inventory can help you more clearly see what you’ve got, instead of just looking at the numbers. This is also a great way to keep track of low-turn stock that hasn’t sold in a while so that you can evaluate if you need to keep stocking that product.

Finally, having an inventory management software that’s connected to the cloud will help you ensure your numbers are always accurate. Stock will be automatically adjusted as it is taken from the shelves, and you’ll be able to get your numbers at a moment’s notice. This will prove especially helpful as your business starts to grow, so you can track your stock at multiple locations from anywhere in the world.

Your sales and inventory system is vital to your business’s daily operations. Contact DEAR to learn about how our inventory management software can help you.

Start your free 14-day trial today

5 Reasons to Upgrade Your Inventory Software

How to Find the Right Inventory Software

We know that having a good sales inventory management system can do wonders for your business. You’ll be able to more quickly and easily track product movement, order only what you need, improve relationships with vendors and customers, and plan for the future of your company. But with so many options out there, how do you decide what’s right for your needs? It can seem like a huge challenge, but there are some key ways to make the search easier. Here are a few tips for selecting the right sales and inventory system for you.

1. Think About Your Users

Consider how many people will be using your software and where they are located. Lots of sales inventory management systems will base their prices depending on the number of users you need, so take this into account. Consider all employees as well as suppliers that will need access to your system. You’ll also want to take into consideration where your users are located, as setting up your system will depend on if users are located close together or globally.

2. Know Your Obstacles

Every sales and inventory system is unique, so they will all have different capabilities. Think about the biggest challenges in your business, and choose a software that can help you tackle those needs. Also consider what integrations you may need to fit with your other software so that you can have a seamless transition. Talk to an industry professional that can help you navigate your choices and choose the software that’s right for you.

3. Determine How You Track

Each business has their own method for tracking inventory, so think about yours when you’re looking at a sales inventory management system. Whether you’re using RFID tags, barcodes, or something different, your process will help narrow down which inventory management systems to choose from. Decide your method before choosing a software, as you might not be able to change your mind later.

4. Know Your Price

As with any purchase, you need to set a budget. There are inventory management systems out there for every price range, from free to six-digit figures, but browsing through them all would take far too long. By setting a budget from the start, you can immediately eliminate the systems that aren’t in your price range. Be sure to also make a list of the functionalities you won’t sacrifice and eliminate anything that doesn’t offer what you need.

Choosing a sales and inventory system is a big decision for your business, but it’s one of the most important investments you can make. By implementing a software, you’ll experience better morale, more accurate numbers, quicker ordering, and easier prediction for future needs. You and your team will save money, time, and stress with the help of this incredible software. Contact DEAR today for more information on inventory management software and what we can do to help your business grow and thrive.

Start your free 14-day trial today

5 Reasons to Upgrade Your Inventory Software

How Inventory Software Can Help You Expand Globally

Having a high-quality sales and inventory management system can make a world of difference when it comes to running and expanding your business. If you already have one, you’re on the right track! But every now and then, you need to re-evaluate your software to determine if it still meets your needs. In our ever-changing world, you simply can’t afford to fall behind. Here are a few reasons to revisit and upgrade your sales inventory management system.

1. Integration

For a sales and inventory management system to truly meet your needs, it needs to seamlessly integrate with the software you are already using. If your system doesn’t work well with your accounting software, for example, it may be time to look for another solution. Having all of your numbers in one place can save a lot of time and stress.

2. Improve Sales

Obviously, one of your main goals as a business owner is improving sales. By utilizing a good sales inventory management system, you can keep better track of inventory and sell faster, improving relationships with your customers. Additionally, your employees will find their jobs much easier when everything is accounted for and they don’t have to spend extra time finding what they need.

3. Productivity

Higher morale goes hand-in-hand with better productivity. Warehouse employees will be able to do their jobs more quickly and will find things less stressful. You’ll also have an easier and quicker time running your numbers, leaving you better prepared for meetings with vendors. Everyone will spend less time on inventory and can invest more energy into other needs.

4. Customer Service

You want your customers returning again and again, and implementing a sales and inventory management system can help boost your customer service. You’ll find that your numbers are more accurate, so there’s less of a chance for under-ordering. Things will be more organized and easier to find, so customers don’t have to wait as long for their purchases.

5. Inventory Management

It’s right there in the name: a proper sales inventory management system helps to, well, manage your inventory! You’ll have real-time numbers to determine which products need to be ordered, and it will be easier to pull products that are damaged or recalled. It’s much simpler to determine which employee is responsible for which product, reducing the risk of theft. Your vendors and distributors can count on you to always have the most accurate information, and you can plan for the future with ease by having the numbers right at your fingertips.

A good sales and inventory management system is crucial to a successful business, so be sure to look into your software and determine if your needs are still being met. Taking the time to implement the perfect system for your needs can be the key to growing your company. Contact DEAR today for more information about our services and how we can help your business thrive.

Start your free 14-day trial today

How Inventory Software Can Help You Expand Globally

6 Overlooked Warehouse Management Software Benefits

As a business owner, one of your main goals is always expansion. Bringing your products and services to as many people as possible is crucial for the success of your business in our rapidly moving world. Expanding globally can seem like a whole new challenge, but it can be made easier with a good sales and inventory management system. Here are a few of the ways that implementing an inventory management software can help you break the barrier to global expansion.

1. Cut Payroll Costs

Saving money where you can is important, but it takes a lot of man hours to manually track your inventory. Using an inventory management software will make everyone’s jobs much easier and faster, reducing the need for overtime. Additionally, your team members will be happier with having things more automated, meaning fewer errors, better allocated time, and improved morale on all sides.

2. Cut Storage Costs

Another major business cost is storage. You’ve got to have somewhere to put your inventory! Tracking your inventory manually makes you subject to errors, and if you wind up with too much product, you’ll have to find somewhere to put it. With a good management software in your hands, you’ll be able to more accurately track your products and only plan for what you need.

3. Manage Remotely

You can’t be everywhere at once, so checking in on your global inventory can be challenging. Utilizing a sales and inventory management system can help you stay on top of the numbers, even from halfway around the world. Your team will all be on the same page and can help update your numbers in real time.

4. Predict Your Needs

Having your numbers at your fingertips makes it easier to predict the future of your company. See what products are popular in certain quarters to see how much needs to be ordered or determine if a product is no longer profitable. You can plan with confidence with a great inventory management software at your disposal, making it simpler to continue to expand!

5. Keep Up With the World

Today’s world moves fast, and for your business to expand, you have to be able to keep up. Having a sales and inventory management system is crucial for presenting accurate numbers to your vendors, reducing lead times, ensuring easier order placement for customers, and delivering your products more quickly. You’ll save everyone time and money and will better your relationships and your reputation.

Global expansion is a big step in your business, and utilizing a management software can put you in the right direction. You’ll find that your whole team saves time, money, and stress, and you can make the most out of your company. Contact us today for more information on the services offered through DEAR and what we can do to help you expand and thrive.

Start your free 14-day trial today

6 Overlooked Warehouse Management Software Benefits

5 Ways Cloud Inventory Management Software Helps Your Business Grow