Efficient inventory management is crucial for maintaining profitability and customer satisfaction. Managing inventory manually can be time-consuming and prone to errors. This is where inventory management software comes into play, offering a comprehensive solution to streamline and automate various aspects of inventory control.
Managing Inventory Across Multiple Locations
One of the standout features of Averiware inventory management software is its ability to manage inventory across multiple locations. Whether you operate multiple warehouses, retail stores, or distribution centers, the software centralizes inventory data, providing real-time visibility into stock levels at each location. This centralized approach ensures that you can efficiently allocate resources, prevent stockouts, and reduce excess inventory.

Streamlining Stock Pulling and Packing

Averiware inventory management software simplifies the process of pulling stock and creating packing slips through picklists. Picklists are generated automatically based on sales orders, detailing the items and quantities that need to be picked from the warehouse. This reduces the risk of errors and speeds up the order fulfillment process. Additionally, packing slips ensure that the correct items are packed and shipped, enhancing accuracy and customer satisfaction.

Tracking Cost Per Item for Profitability
Understanding the cost per item is essential for calculating profitability and making informed business decisions. Averiware inventory management software allows you to track the cost of each item, including purchase costs, shipping, and handling fees. By clearly showing your costs, you can set appropriate pricing strategies and identify which products are the most profitable. This information is vital for optimizing your product mix and boosting overall profitability.

Comprehensive Cloud Inventory Management Software Features
Averiware cloud inventory management software has a range of features designed to improve inventory control and streamline operations. Some of these key features:

Kits and Serialized Items
Managing kits and serialized items can be challenging without the right tools. Averiware simplifies this process by allowing you to create and manage kits, which are groups of items sold together as a single unit. Additionally, serialized items, which have unique serial numbers for tracking, are easily managed within the system. This ensures accurate tracking, warranty management, and compliance with industry regulations.

Bill of Materials
For businesses involved in manufacturing or assembly, the bill of materials (BOM) feature is indispensable. The BOM outlines the components and quantities required to produce a finished product. Averiware helps you create and manage BOMs, ensuring that you have the necessary components in stock and can efficiently manage production schedules. This leads to reduced production delays and improved product availability.

Setting Up Re-Order Levels
Avoiding stockouts and overstock situations is crucial for maintaining optimal inventory levels. Averiware allows you to set up re-order levels for each item. When stock levels fall below the predefined threshold, the software generates automatic re-order alerts. This proactive approach ensures that you always have the right amount of inventory on hand, reducing carrying costs and preventing lost sales due to stockouts.

Pricing Matrix
Different customers may receive different pricing based on factors such as purchase volume, customer loyalty, or special promotions. The pricing matrix feature in Averiware allows you to set up and manage multiple pricing tiers for your products. This flexibility ensures that you can offer competitive pricing to various customer segments while maintaining healthy profit margins.