Will do a big business Or open a shop selling clothes, snacks, food, drinks, supplies, or any products. ‘Stock’ is something that every shop and every business cannot live without. But often, entrepreneurs tend to forget the importance of Efficient product stock management Let’s take a look at the effective stock management methods used by professional entrepreneurs. What can I do?

How to manage stock that entrepreneurs should know

As for the methods of stock management that professional entrepreneurs commonly use today, there are three methods: First-In First-Out, creating SKUs, and using a warehouse management system. Each type has different strengths as follows:

First-In First-Out

First-In First-Out stock management is also called FIFO, which literally means first in, first out. There is a simple organizing principle: which product comes first? Pick it up and sell it to customers first. Place the product that came first in front. Products that come later are placed on the back. Pick up and sell in order Prevent previously released products from becoming old and unsellable. cause business loss Suitable for all types of shops. Especially products with clearly defined expiration dates, such as food, medicine, cosmetics, and cooking ingredients.

Organized with SKUs, clearly separated by category

Arranging products according to SKU or Stock Keeping Unit is dividing products into categories according to type, color, size, type, or other sub-units as appropriate for each type of product. Make it convenient for you and your employees to track movements in the warehouse. Know how much of this type of product is left. To be able to plan orders easily Prevent product shortage problems or there are many products left Until it becomes a burden later

Use the warehouse management system less tired Increased efficiency

This method is considered to be the hottest method of stock management. Because of using an efficient warehouse management system on mobile phones or computer Instead of using employees to sit and count as before, It will help ease the burden on entrepreneurs very well. Especially those who run large businesses. There are many storefronts. Makes you aware of every movement in the warehouse at any time you want. Help plan product orders from the reporting system. Know which products sell well Should order more This is another way to reduce unnecessary costs.

Change warehouse management to be easy with the DMS stock system.

For entrepreneurs with multiple storefronts Want to manage product stock more systematically We would like to recommend the DMS (Distribution Management System) stock system, which in addition to making warehouse management easier. This system also connects the sales management and distribution systems together. Help manage stock information, customer information, promotions, and other necessary information securely and efficiently.

With the ability to store and manage product stock data, the DMS system helps plan your business easily. There is a complete stock count report sent to operators for viewing. Through which channel will I order products? The system will collect information in one place. Very good at protecting employees from corruption. Suitable for businesses of all types and sizes that require safety and convenience in managing product stock.

Advantages of the DMS stock system that helps increase business efficiency

We already know about the DMS product stock management system. Next, it is an important factor that will make entrepreneurs decide to invest in this type of product stock system. That is the advantage of the DMS stock system. We can summarize the advantages of this type of stock system into 4 points:

• Reduce the occurrence of spoilage problems for products with clearly stated expiration dates, including fresh produce, food, snacks, cosmetics, medicine, beverages, and other types of grocery products.
• Prevent the occurrence of dead stock products or products that are not moving, unsold, or not suitable for the season.
• Save on expenses and unnecessary costs. Both in storing products and in ordering too many products.
• Helps improve cash flow in doing business. From planning to order products appropriately There is an opportunity to profit and grow your business.

Change your product stock management to be easy with DMS, a powerful product stock management system from Can Innovation, supporting every business. Helps manage warehouses in a complete manner Create professionalism for your store Increase financial liquidity in doing business Raise the level of product management to be able to be done anywhere, anytime, leading to efficient sales planning. For more information, please contact via email. sales@caninnovation.co.th Phone number 096-036-6168 or add Line https://lin.ee/y9jK0P4c