Inventory Management Software

Inventory management software is a specialised tool designed to streamline and optimise the process of tracking, storing, and managing a company’s stock or inventory. It provides real-time insights into inventory levels, order management, and stock control, allowing businesses to operate more efficiently and proactively.

Using the best inventory management software for your business offers several advantages, including:

• Improved Efficiency: Inventory management software automates many of the repetitive and time-consuming tasks involved in tracking and managing inventory. 
• Optimised Stock Levels: Inventory management software helps you avoid two common and costly issues: overstocking and understocking. By providing real-time insights and tracking, it ensures that you have the right amount of stock on hand, preventing excess stock or shortages. 
• Enhanced Accuracy: Manual inventory tracking is prone to errors, such as data entry mistakes and misplaced items. Inventory management software offers real-time data accuracy so you can trust that the stock levels and product information in the system are up to date.
• Streamlined Order Management: Inventory management software allows for seamless management of sales orders, purchase orders, and stock replenishment. This streamlining not only saves time but also ensures that orders are processed and delivered promptly.
• Better Decision-Making: Access to real-time data such as sales trends, stock turnover rates, supplier performance, and more. With these insights, you can make informed decisions about reordering, pricing, and product selection.

To make the most of warehouse inventory management software, consider the following best practices:

• Regular Updates: Keep the stock management software up-to-date for optimal performance. Software developers regularly release updates to fix bugs, enhance security, and add new features. 
• Staff Training: Ensure your team is proficient in using the software. Provide thorough training and ongoing support to ensure that your employees are well-versed in using the software. 
• Data Accuracy: Maintain accurate stock data to prevent errors. Regularly review and update product information, stock levels, and pricing. 
• Forecasting: Use historical data to predict future inventory needs. By analysing past sales trends and other relevant data, you can make informed decisions about reordering stock, setting reorder points, and optimising your stock levels. 
• Integration: Integrate your software for inventory management with other business systems for a seamless workflow. Integration with accounting software, e-commerce platforms, and order processing systems, for example, ensures that data flows smoothly between systems.

Tall Emu’s inventory management software in Australia offers a wide range of features, including:

• Multi-Location Inventory Management: Tall Emu’s inventory management software is designed to meet the needs of businesses with multiple locations. It allows you to efficiently manage stock across various locations, whether you have multiple warehouses, retail outlets, or distribution centres.
• Order Management: The software streamlines the entire order-to-fulfilment process. This includes order processing, picking, packing, and shipping. It simplifies the way you receive and manage orders, making it easier for your team to fulfil customer requests promptly. 
• Stock Control: Tall Emu’s warehouse inventory management software equips you with the tools needed to keep stock levels in check. You can use your stock and order management system to set reorder points, safety stock levels, and automate the reordering process to avoid stockouts and overstocking.
• Integration with Accounting Software: Seamlessly connect with MYOB and Xero and ensure that your financial records and inventory data are always in sync. With CRM integration capabilities, you can easily generate invoices, track expenses, and maintain accurate financial records all while streamlining your accounting and inventory processes.
• Real-Time Reporting: Access to accurate and real-time data is critical for informed decision-making. Tall Emu’s order and stock management software provides robust reporting capabilities, allowing you to generate customised reports on various aspects of your inventory. This data includes stock turnover rates, sales trends, supplier performance, and more.

Yes. As well as providing a library of helpful Tall Emu CRM resources and articles, Tall Emu also offers technical support to assist users with any questions, issues, or technical difficulties they may encounter while using the software. Our dedicated, Australian-based Tall Emu support team is readily available to help you make the most of your software investment. We also offer free CRM training and ongoing support, so you can make the most out of your inventory management software. For more details about our Australian CRM software, contact our support team directly.