5 Tips to control your inventory
Posted: Wed Jan 22, 2025 9:47 am
Controlling your inventory is very important to keep your business organized, learn about all its benefits.
One of the most common problems in a business is inventory control. Not knowing how many of your products you have, in terms of units, classification and order, can cause many problems when making a sale.
Since this is a very important topic, we will leave you with some tips below that will help you maintain control of your inventory.
1.- Know the stock value
It is essential to have this function fully under control, since you will botim database exactly how much stock you have available and its unit value as well as the total amount of money invested.
2.- Control the entry and exit of stock
Your inventory flow control must be precise, whether it is input or output. Having an order of this will allow you to know exactly how many products are being moved. It is also considered that thanks to the Internet, you can manage your business in real time and from anywhere.
3.- Control of theft risks
By carrying out a general inventory, you can detect if you are missing products, which could be due to loss, theft or shrinkage. We recommend that you do this control periodically, that is, do it every month in order to reinforce order in your business and have real knowledge of the stock you manage.
Woman indicating the importance of updating inventory
4.- Stay alert to critical stock
This point is key to ensure that you never run out of stock of a product. Inventory control helps you review the flow of sales that are taking place, that is, how many quantities you will need based on the movement that has occurred in a given time.
As a tip, it is always good to have enough stock to cover your business sales.
5.- Review the seasonality of your products
It is important to know how long a product lasts, I mean the expiration date, since this information gives you parameters to sell this stock on time and, above all, provide a good quality of service. Can you imagine selling an expired product? These types of errors are much easier to avoid if your business is digitalized.
One of the most common problems in a business is inventory control. Not knowing how many of your products you have, in terms of units, classification and order, can cause many problems when making a sale.
Since this is a very important topic, we will leave you with some tips below that will help you maintain control of your inventory.
1.- Know the stock value
It is essential to have this function fully under control, since you will botim database exactly how much stock you have available and its unit value as well as the total amount of money invested.
2.- Control the entry and exit of stock
Your inventory flow control must be precise, whether it is input or output. Having an order of this will allow you to know exactly how many products are being moved. It is also considered that thanks to the Internet, you can manage your business in real time and from anywhere.
3.- Control of theft risks
By carrying out a general inventory, you can detect if you are missing products, which could be due to loss, theft or shrinkage. We recommend that you do this control periodically, that is, do it every month in order to reinforce order in your business and have real knowledge of the stock you manage.
Woman indicating the importance of updating inventory
4.- Stay alert to critical stock
This point is key to ensure that you never run out of stock of a product. Inventory control helps you review the flow of sales that are taking place, that is, how many quantities you will need based on the movement that has occurred in a given time.
As a tip, it is always good to have enough stock to cover your business sales.
5.- Review the seasonality of your products
It is important to know how long a product lasts, I mean the expiration date, since this information gives you parameters to sell this stock on time and, above all, provide a good quality of service. Can you imagine selling an expired product? These types of errors are much easier to avoid if your business is digitalized.