Manage, maintain, and run reports with BirdDog's Inventory Management Console. It helps control system-wide inventory so you can efficiently manage your distribution process without losing track of costs. Our Inventory Management Console can connect to Shopify and most other ecommerce solutions, making it ideal for today’s businesses.
Benefits of BirdDog Inventory Management
Inventory replenishment Suggestions
Improve cash flow and avoid over-stocking or under-stocking with recommendations based on historical sales data.
Multiple Warehouses
Manage multiple warehouses with location-specific quantities, allocations, and costs. Specific access rights for each warehouse determine who can access information and enter transactions.
Multiple Valuation Methods
Value inventory using average, standard, or last costs.
In Transit Transfers
Inventory transfers are done in two steps so you can track goods in transit between locations. Warehouse and GL accounts are properly updated throughout the process.
Features of BirdDog Inventory Management
Maintain Items
Maintain item information quickly, like item descriptions, stock, categories, UPCs, etc. Basic item data and our optional add-on Product Information Management System can elevate your sales by giving buyers the details they need to find and purchase your products.
Logistics
We provide easy-to-read logistics data to help you run your business smoothly. This data includes drop shipping, freight information, minimum quantities, and dimensions.
Inventory Transactions
Keep track of inventory so your system is always up to date.
Transaction Report
An inventory transaction report provides detailed information on all inventory movements within a business. This type of report is essential for tracking the flow of goods and offers several key benefits:
- Accurate Inventory Tracking: It gives a detailed log of every addition, removal, transfer, or adjustment in inventory, helping businesses maintain accurate stock counts. This reduces the likelihood of discrepancies and stock imbalances.
- Fraud Prevention and Accountability: By tracking every inventory transaction, the report can highlight unusual or unauthorized activities, reducing the risk of theft, fraud, or human error. It also holds employees accountable for their actions related to inventory handling.
- Cost Control and Profitability: By understanding how inventory moves, businesses can identify inefficiencies or unnecessary costs, such as high returns or frequently damaged goods, and address these issues to improve profitability.
- Improved Decision-Making: With detailed insights into inventory movements, businesses can make informed decisions about purchasing, production, and sales strategies. It helps identify slow-moving items, fast sellers, and seasonal patterns, which can improve inventory planning.
- Compliance and Audit Trail: Inventory transaction reports create a clear audit trail, which is essential for regulatory compliance and financial reporting. This ensures transparency in inventory management and helps during audits or reviews.
- Demand Forecasting and Supply Chain Optimization: This report helps businesses monitor which products are moving quickly or slowly, allowing for better demand forecasting and supplier management. It ensures that companies can meet customer demand without overstocking or understocking.
- Better Customer Service: When inventory transactions are well-monitored, businesses can ensure product availability, minimize order fulfillment delays, and improve overall customer satisfaction by having the right products available at the right time.
Stock Status Report
A stock status report is essential because it provides real-time insights into the inventory levels of products, helping businesses manage their supply chain efficiently. Here’s why it’s crucial:
- Inventory Management helps businesses avoid stockouts (running out of stock) andoverstocking (holding too much inventory), which can lead to lost sales or unnecessary storage costs.
- Demand Forecasting: By analyzing trends in stock movement, businesses can predict future demand and plan their purchasing or manufacturing schedules accordingly.
- Improved Cash Flow: Proper stock management through these reports ensures that capital isn’t tied up in excess inventory, allowing for better cash flow management.
- Customer Satisfaction: Keeping the right products in stock ensures customers can always find what they need, reducing the risk of losing sales to competitors.
- Supplier Relationship Management helps businesses track reorder points and manage relationships with suppliers by ensuring timely orders, preventing delays, and avoidingrush orders.
- Operational Efficiency: By clearly understanding stock levels, businesses can streamline their operations, reducing unnecessary tasks related to excess inventory or emergency restocking.