Regardless of the inventory management system your small or medium business uses, the right technology can help you cut inventory costs by eliminating errors and automating purchasing orders.
Look to software to create inventory profitability reports that show you which items are selling and which have the greatest and lowest profit margins. For manufacturers, software can help you create assemblies that define exactly how many parts, components, or materials are needed to complete a product.
And for any small or medium business with a significant inventory component, look to technology to increase productivity and efficiency by automating purchase orders, which replenish inventory when it reaches a predetermined level.
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