#ONLINE INVENTORY FOR SMALL BUSINESS CODE#

It means you know which units you have, which ones you need to order, and how long it’s going to take before they arrive. Inventory management is that part of supply chain management that ensures you have the right products in the right quantities at the right time. What is inventory management and why it matters GoDaddy’s Websites + Marketing Ecommerce makes it easy to sync and track your inventory in just a few clicks. Whether you’re managing ecommerce inventory or retail inventory, this guide is for you. What to look for in inventory tracking software.

Use a centralized inventory management system.

Best practices for managing ecommerce inventory.

Practice order-to-shelf inventory management.

Automate your retail inventory management.

Best practices for retail inventory management.

What is inventory management and why it matters.

To help small businesses and entrepreneurs who need to keep track of a lot of inventory, this article will show you: Inventory management 101 - A comprehensive guide for small business owners

#ONLINE INVENTORY FOR SMALL BUSINESS CODE#

Thanks to bar code scanners, inventory software, warehouse management software, artificial intelligence, and EDI (electronic data interchange) software, businesses can handle inventory management so much more easily than we could 23 years ago. Inventory management these days is so much easier. Plus, we had to recount the inventory each month to make sure the spreadsheet matched what was in the warehouse, which it never did. We even tried keeping a spreadsheet for a while but found that we were just bad at keeping it current. We didn’t keep a lot of stock on hand, but we had a warehouse where we stored product and we had to count everything by hand for state tax purposes.īack then, I wished for some kind of inventory program we could use to keep track of everything. Why should you care about inventory management if you run a small business? Well, let me tell you a little story.īack in the late ’90s, when I worked for my father-in-law, we had a mostly international business selling poultry equipment and buildings, as well as a local business, where we sold post-frame buildings, doors and windows, insulation and other related supplies.

Online inventory for small business