Business has changed a lot since the onset of digitization and e-commerce. You are now competing in a global market. Regardless of the size of an organization, efficient inventory management has become a prerequisite.

Here is a brief but comprehensive guide to how you can integrate a state-of-the-art inventory management system into your organization and advance your automation process.

What is inventory management?

Inventory management is the streamlined system put into action in an organization to source, store, and sell inventory efficiently and systematically. Here, inventory refers to both raw materials - the different components that go into production, as well as finished goods or products. Inventory management ensures that the right inventory is stocked at the right levels in the right place at the right time and the right cost.

How to improve stock control systems in Canada?

Inventory management is critical in ensuring the smooth facilitation of the supply chain. The stock control systems in Canada can be improved to a great extent using full-fledged inventory management systems. They must include aspects like managing and monitoring purchases, overseeing the warehouse inflow and outflow, determining the number of finished goods, and order fulfillment.

Why do you need a better inventory management system in Canada?

There are many inventory management systems available in Canada right now. However, only a few cater to the specific requirements of each business. When they do, they are heavily priced. Most small and medium scale businesses still make use of Excel, Google Sheets, or other manual tools to manage their inventory databases.

Obviously, there will be variations in inventory management requirements from company to company based on the nature of the business and the items sold. For this reason, whatever your industry or nature of business is, you need inventory management software specifically designed for the Canadian market that is easily customizable and adaptable. The inventory software should offer efficient solutions for inventory and stock control in Canada. It is also important to make sure that the foundation of the inventory software is well-built.

Why use Odoo Inventory Management Software in Canada?

Odoo ERP software is one of the most popular and cost-efficient Enterprise Resource Planning tools available today in the global market. With an innovative set of customizable modules and a user-friendly interface, we have developed OdooTec Inventory Management Software on top of the Odoo software, well suited for businesses in Canada.

OdooTec Inventory Management Software Canada will help enterprises and small to medium scale businesses keep track of all aspects of their inventory and get a bird's eye view of the operations at each level of the organization.

Let's take a better look at the features of OdooTec Inventory Management and Stock Control Solution Canada and how it can improve their stock control.

• Limitless shipments
  
  OdooTec Inventory Software Canada doesn't put a cap on the number of shipments or purchases you can make in a day. The tool processes any number of shipments and sales efficiently. 
  

• Easy tracking 
  
  OdooTec Inventory Management Canada allows you to track your product movements within and outside the company from purchase to delivery ensuring superior standard traceability. 
  

• Multi warehouse management
  
  Have multiple warehouses? OdooTec Inventory Management solution Canada will allow you to manage multiple warehouses located at various locations effortlessly. In addition, you can also handle product movements in between the warehouses.

• Seamless routings
  
  One of the key attractive features of OdooTec Inventory Management System Canada is that it facilitates the creation of predefined routes. You can customize them based on your business nature and workflows at any scale. 

• Prompt reordering 
  
  On-time reordering plays an integral role in successful inventory management. OdooTec Stock Control Software Canada allows you to predefine the reordering rules and automate the process. This way, you don't have to worry about understocking or overstocking. It will notify you when the warehouse is running out of stocks and initiate the adequate steps. 

• Advanced Reporting
  
  OdooTec Inventory Management Software Canada will provide you with the feature to download advanced inventory and stock control reports. If you want to make changes according to your specific requirements, you can do so too. A variety of statistics and infographics like pie charts, bar graphs, and line graphs are made available to help you make informed business decisions.  

Get started with Odoo Inventory Management Software Canada

Keeping pace with the latest technology will give you that comparative edge in your business. With the help of OdooTec Inventory Management Solution Canada, stay on top of your inventory management and step up your business.