If you are like many business owners or managers, your financial books are in good order, well organized and automated via QuickBooks™, but your inventory processes and recordkeeping lag.
Gaining control of one’s inventory is a major challenge. In constant motion, inventory rushes into and out of warehouses, production facilities and retail stores, while being geographically spread among various locations. Labeling and tracking hundreds or thousands of individual items sometimes feels like tracking dozens of five-year-olds at a playground. Plus, many employees have access to inventory, which is why some of it, well, disappears.
Among a business’s assets, inventory is often second only to accounts receivable as their most valuable. It is no wonder that inventory keeps many a business owner and manager awake at night.
QuickBooks, despite its many admirable attributes, is not a strong inventory control tool. Designed as a financial program, it is adept at after-the-fact accounting, but cumbersome and limited when relied on for inventory management. If your inventory management needs are simple — if your entire inventory is in one small location, your needs do not include detailed tracking information, such as bin numbers or serial lot tracking, and scanning capability seems unnecessary — then the functionality of QuickBooks’s inventory module may meet your needs.
Download this white paper from Unitech below to read more.