Manage and control your inventory
Satisfy your customers, vendors, and employees with fast and accurate fulfilment.
Maintain a balanced stock level in your inventory
Loss of sales and escalating costs make poor inventory management a major problem.
Not having enough stock results in stock-outs. Orders come in, you don’t have the items the customer wants, and then a scramble ensues to expedite higher-priced replenishment–or, possibly even worse, you lose the sale to a competitor who has the desired stock available. Stock-outs carry opportunity costs: the opportunity to sell at the best price and the opportunity to sell at all.
On the other hand, holding excess stock carries costs because the inventory you stock has to be warehoused, insured, secured against shrinkage, depreciated and taxed as an asset.
Four ways to improve your inventory management using Invex software:
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Systemize stock replenishment
Invex helps you devise a system for restocking your inventory to ensure that you will never be completely out of stock. -
Learn customer behaviour
Having a solid grip on customer behaviour allows you to stay ahead of the dry spells and mad rushes so you can work on maintaining the right inventory balance at all times. Start keeping track of how often you restock certain items and try to identify any trends or patterns. -
Perform routine stock reviews
Routinely review your physical inventory for accuracy with your records. Know the quantity of each item you have in stock. -
Evaluate your current practices
On a schedule, take an overall look at your current practices. Also, put heads together with other members of your team to identify potential problem areas and proceed from there.
Why Our Inventory Management Software is Highly Needed
Taking charge of your inventory challenges could be the key to cutting losses (even via theft) and growing your profits.
Effective Costs Control
Ensure your business stays profitable in an unstable business environment
Learn MoreMaximize your purchasing
Automate key elements of your purchasing processes, including replenishment and records of all purchase orders and build up accurate data to make critical decisions.
Learn MoreGet your stock right the first time
Make better decisions about what to stock, how to price and which items to discontinue.
Learn MoreWhat can Invex Inventory Management Software Do for Your Business?
Satisfy your customers more
You fulfil customer orders quickly and accurately by having instant overview over stock levels, customer details, logistics and more.
Get paid faster
Automate invoicing and record-keeping processes to fulfil orders faster, and also get paid faster
Maximize profit margins
You analyze live sales and inventory data instantly to produce quality forecasts in no time at all; helping you hit your target fill rates, minimize stockouts, and get the maximum value from your inventory.
Create time for more efficiency in business
With more accurate forecasting and the automation of many routine tasks, you can have free time and working capital to invest where it is needed most.