Benefits of stock control in businesses

Stock control should be a priority for any business owner. When you’re in control of your stock, you'll see improvements in warehouse efficiency, better customer service, and clear visibility of stock value and profit margins. Find out why stock control is important, and how you can maintain an effective stock management system that will help your business scale.

What is Stock Control?

Stock control is having the visibility of all products a business currently owns and knowing how to manage new stock alongside stock that has been sold. When a company has tighter stock control, they’re able to meet customer demand in a timely manner and decrease any cost that’s associated with holding stock.

Good stock control is when a business has full knowledge of every product type in the warehouse, knows the value of the stock they hold, knows what is a best seller and what is underperforming, and knows when to re-order stock for optimum efficiency.

The Benefits of Stock Control

Enhance productivity and efficiency

Wholesale distributors can radically improve productivity and efficiency in their warehouse when they implement stock management software. The software will eliminate any time-consuming manual processes, freeing up time for employees to focus on other areas of the business.

Organize the warehouse

A disorganized warehouse creates hundreds of problems – staying on top of inventory is just one of them. When you have a clear stock management strategy in place, organizing and managing the warehouse becomes much easier. From placing your best-selling products together, to arranging your warehouse by brand or seasonality, you can rearrange your stock so that it’s easily accessible. This means that your employees can find products quickly, complete the order fulfillment process in a timely manner, and in turn keep your customers happy!

Your customers will come back for more

If your customers know that your products are always available and they’ll get their orders fulfilled in good time, they're likely to return. To remain competitive and have an edge, you need to be able to meet customer demand in the most efficient manner possible, and this is where stock management comes in. You’ll have the tools for complete control over your product levels, and the power to place a purchase order for restocking, in order to maximize efficiency and sales.