- A modern inventory management solution has become an essential tool to run a successful business.
- Applying the right inventory management solution can help lower stress levels and increase your profitability.
- Zadinga’s one-stop shop management app can assist your personal care products business to grow by taking care of all aspects from inventory to billing.
Perhaps, when you had first started your personal care products store, you may have done inventory management by writing down your numbers in a notebook or on a spreadsheet.
But, now that your personal care products store has expanded to multiple channels and you are selling a wide range of cosmetics and personal care products, your old inventory management method may no longer be sufficient.
- 1 The need for inventory management
- 2 Importance of inventory management for your personal care products store
- 3 Five critical tips that simplify inventory management
- 4 Inventory management done right with Zadinga
- 5 Use Zadinga For Stock Management And More
The need for inventory management
With time and technology, and the progress of the retail industry, there is a need to have a better shop management approach through the right store inventory app for your personal care products shop today.
Therefore, a modern inventory management solution is not just a good idea anymore but has become essential.
But at the same time, there is no one-size-fits-all approach to inventory management, especially since a personal care products store has a unique approach to selling.
However, applying the right inventory management solution can help lower stress levels and increase profitability.
Importance of inventory management for your personal care products store
One way of tracking inventory in your personal care products store is by monitoring what is selling and how much.
The aim of an inventory management solution through our store management app is to cut down the cost of holding inventory.
This is done by notifying you when it is time to reorder your top-selling products through low stock alerts.
As an essential shop management operation, inventory management ensures you have enough stock levels at hand to meet customer requirements.
If you cannot handle shop inventory, you could lose money on unfulfilled sales or waste money by stocking old supplies or dead stock.
When done correctly, inventory management can save you money in a wide range of ways.
For instance, let’s assume you have stock levels with an expiry date. Your inventory management solution will help you avoid unnecessary spoilage through the store inventory app.
In addition, your inventory management solution works as an effective shop management system that avoids items that may go out of season or style.
More importantly, inventory management also saves on warehousing expenses.
For example, storage costs in warehouses and godowns can increase when you have too much inventory at once or if you are stuck with a personal care product that is difficult to sell.
Having a modern inventory management system like Zadinga can help you avoid such situations and save money.
Five critical tips that simplify inventory management
Your stock levels are items you have already paid for, but if it is not selling or is gathering dust in your godown, you are not making any money.
That is why you need intelligent inventory management systems through a store management app that can lead to adequate cash flow and increase your profits.
Let’s look at what you can do with your inventory management system.
Establish minimum product amount
As a smart shop management process, the first thing you need to do with your inventory management solution is establishing par levels of your personal care products.
This is also known as the minimum amount of products you must maintain in your shop at all times.
Maintaining stock control
One straightforward approach in the shop management process to maintaining stock control is First In, First Out (FIFO).
Your inventory management solution allows you to take this approach when you fulfil an order with an item that has been sitting on your warehouse or store shelf for a long time.
This approach can be necessary for perishable items that can get spoiled easily. Also, FIFO is essential when it comes to packaging design and as these outward presentations can change over time.
Therefore, you do not want to end up with old products that are not selling.
Manage vendor relationships
Keeping unrestricted lines of communication with your suppliers requires you to have direct and seamless contact at all times. This can be an important feature of successful inventory management.
Through your store inventory app, you can work with your suppliers in resolving many issues.
These include returning slow-selling items, quickly restocking fast-selling items, troubleshooting distributor issues, and even expanding your warehouse space depending on the relationship you have with your suppliers.
If you have a strong relationship with your suppliers, you can be assured of better sales.
Clean and transparent journey
The right store inventory app will enable your personal care products store to be seamlessly operational.
That means, with its end-to-end shop operations approach, your inventory management solution will allow you to see the entire journey of your product with transparency.
You obtain accurate and organised inventory details that give you in-depth visibility of your warehouse and store.
You need clarity and visibility into where your items are located to help you make intelligent decisions about the most suitable way to get the products to your customers.
Predict demand accurately
An essential part of inventory management is to predict demand. This is no easy job as there are countless factors involved, and you can never be entirely sure of what will take place.
However, this does not mean that you cannot try and get as accurately close as possible.
When looking to predict future sales, your inventory management solution through your one-stop shop app can help you in the following ways.
- Reveal market trends
- Show you previous sales through reports and analytics
- Show your present sales for the current year
- Show you the popularity and seasonality of specific items
- Disclose the overall state of your business operations, sales and accounting
- Prepare promotions and marketing campaigns
- And much more
Inventory management done right with Zadinga
The right inventory management system in your modern shop app is a much-needed tool for your personal care products store.
With it, you can reduce your overall expenses and forecast future sales to prepare your business for the future and keep your bottom line profitable.
So while there is no one best approach, Zadinga’s store management solution has the potential to steer your business to profits.
Its rich and fully functional features of sales and analytics reports, inventory management, real-time updates, and much more will set your business apart from the competition.
Allow the wide range of tools and features from Zadinga’s retail store and inventory management app to assist your personal care products business to grow today.
Use Zadinga For Stock Management And More
An inventory maintenance app allows you to enjoy significant benefits such as saving money, keeping your customers happy and ultimately improving your bottom line.
Try out Zadinga today to benefit from its inventory management, forecasting and reporting capabilities.
To simplify your business with Zadinga’s all-in-one shop management app, contact us today.