The Role of Stock Management Software in FMCG
In this situation, the use of inventory management software , or more specifically stock management software, represents a glimmer of light because it promises increased operational efficiency as well as cost savings. Real-time Inventory Tracking The capability to track inventory in real time is one of the most significant benefits offered by stock management software. It enables companies to have an exact grasp of their existing stock at any one point, across numerous locations, which provides a competitive advantage. This realisation guarantees that goods are quickly available to fulfil the expectations of consumers, which helps to prevent stockouts and improves customer happiness. Forecasting and Demand Planning The capacity for demand planning and forecasting is yet another important function that should be included in inventory management software. The programme is able to perform an analysis of previous data on sales and make use of sophisticated algorithms to forecast future tre