4 WAYS TO AVOID THE BIGGEST INVENTORY SOFTWARE IN PAKISTAN MISTAKES THIS HOLIDAY SEASON

September 11, 2021

Erpisto #1 Inventory Software in Pakistan Holidays can be a difficult time of the year for anyone, but they are especially challenging for small and medium-sized retailers. Businesses worry about stock levels and the ability to track, pack, and ship orders quickly in preparation for higher orders and fulfillment requirements.

The inventory management concerns of retailers are legitimate. Retailers’ inventory management skills will determine their profitability. Yet, even businesses that feel prepared for the holiday rush often still make mistakes when it comes to properly manage their inventory and operations.

We’re sharing some of the most common inventory errors small- to medium-sized retailers make this holiday season and how you can avoid them.

Erpisto #1 Inventory Software in Pakistan

4 WAYS TO AVOID THE BIGGEST INVENTORY SOFTWARE IN PAKISTAN MISTAKES THIS HOLIDAY SEASON

1. Insufficient Inventory Ordered to Meet Demand

Your business is your best friend and you believe you have enough product to satisfy holiday demand. But your marketing efforts paid off and suddenly you have more sales than you anticipated. Overselling or running out of a popular item can not only cause a loss in sales but also can damage your customer relations.

Reviewing historical sales reports for top-selling products and channels can help you prepare your warehouse and operations to avoid inventory shortages. You can also add an inventory safety net by setting low stock thresholds for top-selling products to be automatically ordered. This will make being out-of-stock a distant memory.

2. Not Enough Inventory

Over-eating and over-ordering are common during the holidays. Fearful of running out of stock during busy holidays, retailers are more likely to order too much stock. Do not let your capital take up too much space in your storage unit.

It is important to review past sales reports to ensure that your warehouse does not have to stock excess stock. And by implementing an automated inventory management solution in Pakistan, you’ll be able to place more conservative initial purchase orders and automate reordering for when your stock reaches predetermined low-stock counts.

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3. Poor reporting and tracking methods

Retailers’ holiday planning can be affected if they are unable to forecast holiday sales accurately. We’ve seen that retailers must be careful when ordering inventory. Too much can reduce your profits, while not ordering enough can cause problems with customer relations and result in unrealized sales.

Invest in a centralized inventory and operations solution that can provide real-time tracking and analytics on important information like inventory management software in Pakistan status and sales across all your business channels. These systems will allow you to automate holiday planning by allowing you to forecast sales more accurately.

4. You are not using the right technology

The real problem in managing inventory across multiple sales channels is the multitude of disparate systems that constantly update information. Spreadsheets and purchase orders, as well as invoices and pick lists, are all often kept in different places. The more sales channels that you have to account for, both in time and money, the more difficult it is to coordinate them. There are also greater chances of human error.

Many retailers don’t know the many technology tools that are available to them to integrate their different sales channels and vendor platforms. Solutions like Stitch can sync all your sales channels and eCommerce platforms into a single system, automatically tracking inventory, sales, and shipping status to optimize and simplify your retail operations.

Although inventory software in Pakistan can be difficult, small and medium-sized retailers can make sure they avoid common mistakes and face the holiday season confidently.