It’s easy to think that a tracker systems inventory will only benefit mid- to large-sized businesses with a lot of inventory to manage. However, small and solo-owned businesses are incredibly commonplace nowadays, and they can’t afford to lose a single item, probably even more so than larger companies. Fortunately, with the advancements in technology, it’s easy to implement the right kind of software to help you track the products your small business depends on to succeed.
There are many websites that allow for entrepreneurs to create and sell their goods. Amazon, Etsy, eBay, and personal websites make it easy to sell to people all over the world. Mixing up or misplacing an order can mean the difference between continuing to operate and having to shut down. If you have to sort through several spreadsheets, or race to find the right product, you’re wasting valuable time in completing that order and risking losing business.
Having a tracker systems inventory can benefit your small or home business in several ways:
Reduces Unnecessary Overstock
One of the most noticeable benefits for a small business is the decrease in overstock. Not having enough product can be problematic, but having too much product can be just as bad. You have to invest in parts for your products, and spend time creating them. If you have more than a few items sitting on the shelves that don’t sell, then you’ve literally wasted money. Using the right inventory tracker will help you keep just enough of your items to fulfill orders, but not so much that you have more product than you can sell.
Saves Valuable Work Time
As a small business or solo entrepreneur, your time is just as valuable as your money. In some cases, your time is even more precious than your money. You can’t afford to waste time searching for your products to fill a work order. Having a software to help you track your inventory will help you know exactly where each of your items is, so you can continue boosting your online presence and attend to other business matters.
Improves Customer Service
Having more time to work on other aspects of your business means that you can deliver a better customer service experience. You can make your packaging unique, create an easier check out process, or spend time creating handwritten notes with each purchase. People buy handmade and small business items because they want to feel a connection to the person they are buying from. Being able to add little touches like this will help you to stand out amongst the thousands of other boutiques competing for business.
Reduces Order Errors
The right tracker systems inventory solution also ensures that you deliver the right order every time. Many customers will stop their patronage of a shop or store if their orders aren’t filled properly, or they feel like they are getting bad customer service. Being able to deliver your orders as promised means that you’ll continue getting business from your current customers, and bring in new orders as you please each person with their purchase.
Asset Panda’s inventory system is easy to customize to fit small business needs. Our cloud-based database has room for you to keep track of all of your customer orders in a way that makes sense to you. And our price points are affordable for small businesses, so you can reduce overhead, and bring in more profit by purchasing our inventory software.