#StockMaintenance

[beemawala]

Running a shop comes with risks, but did you know that shop insurance can safeguard your business from unexpected financial losses? In this video, we’ll explain how shop insurance works and why it's crucial for every shop owner. Learn about different types of coverage, including.

[petrolbunksoftware]

Petrosoft Stock Maintenance Software-Petrolsoft

Petrosoft Stock Maintenance software that enables them to manage their stock perfectly with some of the best features that would enable effectiveness. This system provides accurate information on stock status, increases the stock acquisition efficiency, and generates reports on stock management. Petrosoft’s solution fits into an organization’s existing framework, increasing efficiency and decreasing expenses linked to stockout or overstock conditions. The user interfaces are friendly and the reporting can be customized thereby providing business with the necessary information to help enable rapid decision making in relation to inventory and overall profitability for the business. Thus, the dedication to innovation exhibited by Petrolsoft guarantees that Stock Maintenance remains a worthy option for the companies that want to optimize their supply chain successfully.

[swilerp]

RetailGraph has an advanced set of features that help businesses in #Inventory_Shrinkage. It gives you a way to stop- 

✅Employee/customer theft 

✅Wrong stock entry 

✅Inefficient record-keeping

 ✅Shipping errors, or a combination of many of these reasons. 

 For more information 👉https://zurl.co/EURE  

[balancebizsoftware]

Stock maintenance for Agriculture Dealers

Agricultural dealers and their working culture:

In many cases, we observe that agricultural dealers are handling their business with manual operations. Like for stock maintenance, they don’t use any software, and that makes their task difficult. So we are here to discuss why agricultural dealers have to make use of some automated software and how can they bring big profits to their businesses. Billing, stock registers for understanding availability of stocks, reports for government records or for banking purpose, for all these things most of the agricultural dealers use manual operation and that’s why either they are not growing or having losses in their business.

So how can they rectify that? is there any method or practical solution which can bring their business on track? Yes indeed we have a solution but before that let’s take a look at agricultural dealers’ work culture and their problems.

Stock maintenance for Agriculture Dealers:

Agro dealers have to maintain their stocks like:

1. Godown /warehouse-wise stock 2. Item-wise stock 3. Packing–wise stock 4.Batch-no.-wise stock 5. Expired stock 6. Date-wise stock 7. Re-order level of items 8. Item-type-wise- for eg different for Pesticide, seeds, fertilizers, etc

In addition to this, they have to keep records You also need to maintain stock with the format as per the requirement of–

1. Bank- 2. Zilla Parishad (ZP) & 3. According to the guidance of the Agriculture officer

Problems due to inappropriate stock maintenance:

There are a few problems that are observed due to irregularities in stock maintenance. These are small problems and can be solved easily but if we neglect them then it can create a huge impact on your business.

1. Missing items: If you are having a problem with missing items and if you don’t track then it will continue and you have to bear the loss. 2. Leakage or wastage of items: We can observe this in many cases like, mice eating seeds or fertilizers, at the time of transportation, or at the time of storage in warehouse waste or leakage is observed. 3. Customer with large quantity requirement: If any customer orders for a huge quantity on an urgent basis and if you don’t know your sock availability then you may lose this customer as he will try to reach the one who gives this order in no time. 4. Batch number wise items: One item comes in a different batch number with different expiry dates. This is because this can be used for suicide and the first thing police will check is the batch number of the bottle. So you have to keep the record of items batch number wise. 5. Godown wise stock: At the time of selling when you are creating a bill if you don’t have an idea about stock in godown then maybe the customer has to wait or in a few cases, the customer will leave and you will lose him. To avoid this you should have the data of godown wise stock. 6. Items about to expire or already expired item list Ass per governments norms you can not sell expired items and if you don’t have reports of which items are about to expire and which are expired already you can make fluent deals. Those items that are expired can send it back to the suppliers.

7. Stock reports for bank/ ZP/ Agriculture officer: Bank from which you have taken ODCC loan ask for the reports in a specific formats or government needs reports of monthly purchase- sale reports item-wise. If you don’t have those proper formats then you may have to do the process many times and which can consume time and money.

8. Stock below re-order level: First of all, you need to know which of your item gets easily sellout and which is hard to sell. The one which is in demand, how much quantity you should always have available in your stock is called as re-order level. If the stock of your items is below re-order level and if you don’t know then you may lose the customer and ultimately results in a loss. If you want to grow your business, you can not avoid these issues. It may seem like a small thing but it can make a huge impact. Doing good sales and having a good margin you can still be in huge losses if you won’t take care of these issues.

If you want to do this manually then it will consume your time and manpower. It will cost you around Rs. 1 lakh to 10 lakhs depending on your business. In addition to this, accuracy will not be there if you are doing it manually. But if you are using software like Balancebiz, then you just have to make a purchase-sale entry, and the rest of the things will be done automatically by the software. Mobile apps will have some boundaries. They won’t solve all of these problems. So go for software for desktop or laptop. This will be your one-time expense. There is one thing in this scenario, CA suggests software. But they suggest according to their flexibility and convenience, that software doesn’t play a vital role in your business development. It will help in taxation and keep records only. But won’t give your data on which you can take some vital decisions. Even it doesn’t give you expired item lists. You should use the software which will give you benefits and solve your problems, will decrease our loss and increase profit.

Key features to look at while selecting the software for your business growth:

1. Software should be easy to learn and access, ie it should not take 3-4 months to learn the process of software. So that if a new operator is appointed he can easily work immediately. 2. As an owner you should also understand the software so that you can take decisions on your own, no need for someone to make you understand those reports. 3. At the time of sale, software should provide information of stock, godown wise, batch number wise, purchase date wise, etc. 4. Expired items and those who will expire in 15 days that report should be given with quantity. 5. Different formats of reports like for Bank/ ZP/ Agriculture officer, etc should be there in the software.

If you want to solve all those problems and want to achieve new heights in your business, then visit Balancebiz. We are dealing in this business for more than 10 years. We are highly effective and our customers are more than happy with our services. If you want to know more about it visit our website. www.balancebiz.in

[beemawala]

Is your shop insurance premium too high? Learn expert tips and strategies to reduce your shop insurance costs and save money! In this video, we cover: How to choose the right insurance plan for your shop ,Practical tips to lower your premium ,Ways to maximize coverage while minimizing costs , Common mistakes that increase premiums and how to avoid them.

[beemawala]

Is video mein hum aapko dikhayenge ki kis tarah se aap apne shop insurance mein apne karmachariyon ko as a beneficiary ya employee kaise add kar sakte hain. Yeh process aapko aur aapke employees ko insurance ke under protection mein laayega, aur aapka business secure rahega.

[beemawala]

we’ll explore essential strategies for maintaining your godown and stock effectively. We'll also discuss how to insure your stock to protect your investments from unforeseen events.