What is an Inventory or Stock Management System?
An inventory system combines desktop software, barcode scanners, barcode labels, and mobile devices to streamline the tracking of inventory as product flows through a warehouse environment. This could be a single stockroom or multiple warehouses spread across the country.
Whether you’re a distributor, a brand owner selling wholesale or a direct to consumer eCommerce business, proper inventory management is crucial to ensuring the efficient operation of your business. Venture’s inventory management system lets small business owners like you manage your inventory, orders, and customers from one place.
The goal of inventory control is to accurately know current inventory levels and minimize understock and overstock situations. Whether you are tracking inventory used to perform a service or sold to customers, a barcode inventory solution provides staff accountability and minimizes inventory stockouts and shrinkage. By efficiently tracking quantities across stocking locations you’ll have insight and be able to make smarter inventory decisions. An inventory system provides the necessary knowledge both for the warehouse worker to perform daily tasks and management to have product and financial insight.