cost efficient inventory management synced with QuickBooks in 2021

Cost Efficient Inventory Management 2021

Picture this: You are a small business owner, with a couple hundred orders a month. Each of these orders require efficient inventory, sales orders, shipping, and purchasing management. You also manage your customers’ leads, quotes, activity tracking, and reporting. You control inventory by monitoring locations, bins, and all movements from supplier to your customers. As your business grows, these tasks multiply. What’s the catch? You’re doing this all manually, possibly over complicating your processes and increasing the likelihood of mistakes.

 

If this sounds like you and your small business, Order Time is the perfect automated barcode inventory management system for you. Trying to handle all these tasks manually and simultaneously is bound to cause you unnecessary stress, inaccuracies, wasted time, and money slipping through the cracks.

Whether you are a manufacturer, wholesale distributor, or retailer, your business can thrive by implementing an efficient inventory management system to handle all tasks no matter the size or industry. Want to see this difference? Keep reading to dive deeper into the advantages Order Time offers your business compared to manual operations.


Manual Entry Versus Automation

 

The typical approach to inventory management is “simple” - just purchase and download an online template for Excel. Using these requires manual data entry for each customer, order, and inventory item to keep your inventoryautomated inventory management 2021 management up to date.

While these templates may seem easy, quick, and clean, they quickly become a tedious task. As your business grows, manually entering data can actually end up costing you valuable time and money. It becomes increasingly difficult to keep all the files organized, making data inaccuracies more likely to occur. These mistakes in Excel can cost you and your business money, which can be better spent on an automated inventory software like Order Time.
Order Time saves you and your employees tons of labor and time! You can take that time and put it towards getting new customers, expanding your marketing efforts, or just get back to the business that you enjoy. Some of our customers see a time savings of up to 25% of working hours per week by automating processes rather than manual entry.
 
 

Automation Features

Order Time easily integrates with your e-commerce web store to reduce the likelihood of errors when entering customer and web order information compared to manual entry. You can seamlessly track order progress throughout each step from your web store to the customers’ hands. E-commerce integration allows you to monitor sales, purchasing, production, and warehousing in great detail with the click of a button! 

inventory automation features 2021

A great benefit to implementing a systematic approach to purchasing is the ability to automatically identify low inventory levels and generate purchase orders. Make the most challenging part of inventory management a breeze with reorder analysis, a tool designed to take your business’ historical sales figures and report a purchase forecast. Reorder analysis can help guide when making important business decisions to prevent over or under stocking the inventory your customers demand. 

Automating your inventory management gives you accurate inventory totals available or on-hand with the click of a button. Easily perform inventory counts, stock adjustments, and track inventory across all selling channels without having to manually edit as stock comes in and moves out.

 

Reporting Features

inventory reporting features 2021

Make smart, calculated business decisions by understanding your business’ data using Order Time’s powerful reporting tools. You can create an unlimited amount of reports and customize each of them to fit your business needs and evaluation requirements. 

Order Time’s reporting features give you greater insight into manufacturing and inventory details. Automated manufacturing reports track work orders, raw materials, costs, and scheduling in one place to keep your data in order. Inventory location detail reports allow you to track the locations of inventory that is separated into different bins or warehouses. 

If you are moving items between bins, the inventory movement report lets you complete the move, record the date, the quantity, and designate the proper location with ease. This is extremely helpful if your business has multiple warehouses or large amounts of inventory. Order Time gives you the tools to quickly create an inventory valuation report, the total monetary value of your goods in inventory.

 

Accountability Features

 

Unlike manual methods, Order Time includes collaboration and accountability features for all users. Assign alerts, scheduling, and events to keep stakeholders on task and working your business!

With time stamps and audit trails, you can monitor what users are doing and when to ensure goals are being met. In addition, each transaction and document features an audit trail to chronologically record all critical details. You can also track quantitative data including lot and serial numbers from your device. Whether your inventory includes perishable goods or time-sensitive products, lot and serial number tracking is critical monitoring items throughout each stage of production. 

Find items that have been purchased, received, used in production, or shipped with ease no matter the current production phase. Whereas manual inventory management would make tracking all your goods tedious, Order Time’s automation gives you access to item statuses through its synchronized cloud-based software.



inventory accountability features 2021

 

What Now?

If you haven’t already, it’s time to make the switch! Save you and your employees invaluable time and money with Order Time’s automated inventory software. With its powerful integrations, reporting, and insight into every facet of your business, Order Time gives the control and precision your business needs. Come on now and take your business to the next level!

Love everything you’ve read? Order Time offers all types of advantages for your sales team!

Sign up for a one-on-one meeting to get all your questions and concerns answered, or check out our detailed video tutorials and knowledge base. Order Time is constantly updating, so check out the latest release notes


Feel free to call our sales representatives, 1-866-278-6243, dial 1 for Sales or visit our website for more details!

 


We're always adding new Features, so if you have one you can't live without, let us know using the Contact Us Form.
For more information check out our Order Time Cheat Sheet.
If you have a specific query, head on over to our Knowledge base.
 

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