Benefits of Cloud Inventory Management System for E-commerce Business

Cloud Inventory Management System

Now a day we experience a dynamic transformation in business technologies. That dynamic transformation plays a major role in E-commerce business growth. Consumers like to do online shopping rather than purchasing on stores. To remain competitive e-commerce, business owners have to realize the cost-effectiveness, place and time utility for their consumers. For these purpose business owner can use the cloud-based inventory management system which provides numerous benefits such as Reduce cost, Capital efficiency, Customer satisfaction And other benefits to supply chain etc.

Benefits of Cloud Inventory Management System

Convenient inventory update

Visibility

Customer service for inventory and accounting management

Automated

Safety and security

Cost cutting

Real-time visibility

Convenient Inventory Update

By using the cloud-based inventory management system, business people can access business information from anywhere through the internet connection. If business owners have multiple businesses on multiple locations Cloud inventory management system makes their work very simple. They don’t need to inquire of each and every information through the phone. Through this system, such data will be reached from any operating system to anywhere in the globe.

 Visibility

Though this cloud inventory management software business owners can easily track the inventory and stock movement of each and every channel. It helps to identify the out of stock incidences.

Customer Service

For E-commerce business success, customer service takes a major role. By tracking the avail levels of stock to customers, serve available customers and recognize loyal customers in Singapore cloud inventory management system which helped the business owners to improve customer service.

Automated

Through the automated process, a quick and informed decision is taken based on inventory availability.

Safety and Security

When cloud inventory management system used for the business organization we guarantee business owner’s valuable information will be safe. Business owners didn’t need a storage device for data backup. And all changes will be saved. Constant update on the cloud inventory management software guarantees security against cyber crimes

Cost Cutting

By using this system, business owners need not to do maintenance for both software and hardware.

Real-Time Visibility

Successful cloud-based inventory management should be able to relay real-time operation, such as Order execution, selling process and dispatch of the good to the customer.

These are the benefits of cloud inventory management system for e-commerce business. If you want to streamline your business just book your cloud inventory management system’s live demo!! We also have many EZ accounting software for business such as Accpac accounting software, MYOB software, Point of sales software etc. To book your accounting software live demo call us + 65 6227 1797 / +65 6746 2613 or Email to us on sales@ezaccounting.com.sg Hurry up!!

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Types of POS System

POS represents Point of Sale which used to track the complete transaction between the product seller and customer.  There are many POS system available on the market.

When you are purchasing at the retail shop you are completing the Point of Sale (POS) or Point of purchase (POP) transactions. To record that sale transaction retails using the POS System.

What is Point of Sale System?                   

Point of Sale System is synonymous with POS terminal that an electronic device used to perform the sale transaction and process the credit card payments.  Every day sales transactions and operations are managed by the POS software which combined with a computer terminal. At simple words, the POS system is the combination of POS software and POS hardware that used to track the transaction and payment through POS machine.

A point of sale system is essentially used for inventory management, labor reporting, menu customizations, price adjustments, staff management, sales reporting, customer management, marketing initiates, and so much more.

Example of POS software

• Square – for credit card processing.
• TouchBistro – for restaurants iPad POS solution
• Poster POS – for point of sale and inventory management system
• Vend – for retail business

Types of POS Systems

1. Restaurant POS Systems

For what reason is a point of sale system required for a restaurant? To accept cash and credit card payments the restaurants require a point of sale system. In addition to receiving payments, you should able to track all the financial and tax information. Restaurant POS have built-in reporting feature to monitor your transactions by date, time and type. Through the time clock feature, you can follow the payroll and track the inventory and food usage.

2. Retail POS Systems

Retail point of purchase (POP) systems is mainly for retail environments.  With the goal that implies you would never use restaurant software for a retail shop and vice versa.

Some software or Apps available on the market claim to be cross-platform, but that doesn’t mean you should ever use them.

Color and size matrix, inventory tracking, employee commissions, gift registry, customer database, layaway, and purchase orders, digital scale or barcode scanner for weighing or scanning items are features of the retail shop. You can also get the following report based on your transactions such as detailed sales reports, customer reports, vendor reports, and inventory reports.

Through this blog post, you can know about the Point of Sale Software and its few types. If you want a free demo on POS system for your business call us on + 65 6227 1797 / +65 6746 2613 or write to us on sales@ezaccounting.com.sg@ Hurry up!!

Why is Inventory Management Software Important to a Retailer?

The retail business is in every case always developing and as a modern retailer, you should be reliably adjusting your procedures, work processes and procedures to ensure you’re keeping up. This incorporates how you deal with your inventory.

With clients finding your store in new and interesting ways, your business ought to be set to see an influx in deals. What’s more, your deals should continue expanding as you develop and enhance your own advertising procedures, which is incredible news for your business. Use the inventory management system to improve your business or to get a better experience.

What is the inventory management Software? 

Inventory management software is the business application which used to track, manage and organize product sales, material purchases, and other production processes. In earlier day’s inventory tracking are done with paper and pencil. But nowadays systems based on barcodes or radio-frequency identification (RFID) are used to see when shipments come in, where raw materials are located and when their products have shipped. By using inventory management software, you need not focus on analyzing, finding and reducing inefficiencies of the products and it saves time.

Why is inventory management important?

Here you will get the answer to your question. Why is inventory management important for modern retailers? Refer below discussion for your question.

Increased sales bring challenges

Manage multiple sales channels alone

Increased sales bring challenges

Economies are flourishing everywhere throughout the world because of average increases in purchaser investing year on year. Then we get more sales and that will bring some challenges potential increases in profits and strains for your delivery processes. With stock coming all through your warehouse quicker and quicker, you have to make sure your stock levels are accurate so the majority of your processes can stay as streamlined and proficient as they can be. Else, you could wind up tangled up in perpetual stock takes client complaints and stressed out warehouse staff.

Manage Multiple Sales Channels Alone

If you have many numbers of sales channels then you should track the stock of these channels.  By using the spreadsheet or system you can able to track inventory levels accurately. In such a case, you can use the inventory management system for sales channels to update real-time information.

These are the most important reason for choosing the inventory management to modern retailers. If you thinking to buy inventory management software for your business?

Book your Singapore accounting software’s free demo!! Hurry up!! Ring us @ + 65 6227 1797 / +65 6746 2613 or write to us on sales@ezaccounting.com.sg