If you run a New York business, whether it happens to be a retail store in Manhattan, an industrial unit in the suburbs, or an e-commerce business working from a storage unit in Brooklyn, your margins will likely be tight. Even the slightest overstock can tie up important cash when you need it the most, and running out of key items at important times can damage your reputation and even the future of your business.
Regardless of how many people are working within your business, some tasks just work better when they’re automated. Introducing inventory alerts will sidestep any of the problems associated with manual inventory checks and can streamline your processes and increase profitability. Read on to find out some of the key reasons why you should introduce inventory alerts into your business.
#1 They reduces costs
Whether you’re a manufacturing company or a retail outlet, carrying the right amount of inventory is critical. Using inventory alert software from a reliable supplier can optimize your stock levels so you never have too much of your revenue sitting on your shelves but at the same time, you always have enough to ensure that you don’t run out.
Either you or other key members of staff being alerted when stocks reach the minimum level can allow you to order more or at least ensure that any automatic ordering processes you have in place have been initiated correctly.
#2 They will keep your customers happy
It’s no secret that in New York (and the areas around it) customer expectations are very high, and any dissatisfaction is normally freely broadcasted either by word of mouth or online. This can do damage to your reputation and put a dent in any ambitions you may have for expansion.
Having inventory alert software in place so you don’t run out of key items can mean that you never find out the hard way what disappointing a New York customer means. In fact, by running a tight ship and ensuring that you have items in stock when customers want them, they’re just as likely to sing your praises and become a long-term customer.
#3 They allow you to adapt to seasonal changes
Of course, if you find the right software, you can use it to support any expansion or cope with peaks and troughs in business, especially if you deal with seasonal products. For instance, if you happen to be a fireworks supplier or retailer, then there are obvious high points in your sales calendar, so you can adjust your inventory alerts to allow for this so you’ve always got the right amount of inventory.
#4 They can be used for date-based alerts within your infrastructure
It’s not just stock levels where inventory alerts can come in useful. The best software will also have a date-based function that can tell you when warranties on your equipment or service agreements are about to expire so you can renew or reassign them if you need to.
The same applies for booking services for equipment like fork trucks so you also have reminders when pieces of equipment will be offline and you can plan your workload around this.