AdvStock Inventories

  One of the most common mistakes businesses make is overstocking. This issue occurs in both small and big companies. Despite seeming like a good idea, having too many stocks in your inventory does more damage than good. Overstocking is an easy mistake to make when you donÕt use a retail inventory software to keep track of your stocks. First, you have to deal with the fluctuating customer demands, which can change at any time based on the current trends. The demands made by first-time customers will also be different from those placed by repeat customers, making demand planning extremely hard. Secondly, thereÕs this fear of Òout-of-stocksÓ (OOS) that many business owners experience at some point. Stockouts cause revenue losses, and so do overstocks. The need to find the perfect balance of stock in and stock out is particularly important for businesses that deal with perishable goods, like foods and medicines. Once again, this issue can be avoided by leveraging a  stock and inv...

  Whether you’re running a small or large business, having efficient inventory management is the key to rapid business growth. With proper inventory management, you get to deliver products to customers on time and meet the market’s demand – boosting your sales and overall shopping experience. That said, managing inventory is not an easy task. Let’s take a look at some of the most common problems that occur in the supply chain. Lack on Inventory Visibility If you cannot locate or identify the current stocks in your inventory, shipping them on time will be hard. This issue usually happens to businesses that use manual inventory tracking procedures. The only inventory data they have are from the previous stocktake, meaning that said data is only valid for a couple of days at most. The best solution to this problem is to use a  stock and inventory app . Advstock’s small business stocktaking app, for example, can capture data in real-time and have it accessible 24/7 on the clo...