Amazines Free Article Archive
www.amazines.com - Friday, February 28, 2020
Read about the most recent changes and happenings at Amazines.com
Log into your account or register as a new author. Start submitting your articles right now!
Search our database for articles.
Subscribe to receive articles emailed straight to your email account. You may choose multiple categories.
View our newest articles submitted by our authors.
View our most top rated articles rated by our visitors.
* Please note that this is NOT the ARTICLE manager
Add a new EZINE, or manage your EZINE submission.
Add fresh, free web content to your site such as newest articles, web tools, and quotes with a single piece of code!
Home What's New? Submit/Manage Articles Latest Posts Top Rated Article Search
Google
Subscriptions Manage Ezines
CATEGORIES
 Article Archive
 Advertising (133332)
 Advice (161024)
 Affiliate Programs (34736)
 Art and Culture (73707)
 Automotive (145686)
 Blogs (75077)
 Boating (9841)
 Books (17219)
 Buddhism (4125)
 Business (1328764)
 Business News (426329)
 Business Opportunities (366278)
 Camping (10962)
 Career (72741)
 Christianity (15846)
 Collecting (11637)
 Communication (115056)
 Computers (241957)
 Construction (39000)
 Consumer (49681)
 Cooking (17062)
 Copywriting (6568)
 Crafts (18205)
 Cuisine (7539)
 Current Affairs (20394)
 Dating (45784)
 EBooks (19687)
 E-Commerce (48206)
 Education (185274)
 Electronics (83503)
 Email (6395)
 Entertainment (159848)
 Environment (28940)
 Ezine (3039)
 Ezine Publishing (5447)
 Ezine Sites (1550)
 Family & Parenting (110907)
 Fashion & Cosmetics (196392)
 Female Entrepreneurs (11842)
 Feng Shui (130)
 Finance & Investment (310311)
 Fitness (106255)
 Food & Beverages (62882)
 Free Web Resources (7938)
 Gambling (30230)
 Gardening (25117)
 Government (10515)
 Health (629715)
 Hinduism (2205)
 Hobbies (44048)
 Home Business (91562)
 Home Improvement (251379)
 Home Repair (46151)
 Humor (4826)
 Import - Export (5453)
 Insurance (45138)
 Interior Design (29566)
 International Property (3485)
 Internet (190991)
 Internet Marketing (146349)
 Investment (22828)
 Islam (1167)
 Judaism (1356)
 Law (80541)
 Link Popularity (4593)
 Manufacturing (20842)
 Marketing (98797)
 MLM (14136)
 Motivation (18213)
 Music (27006)
 New to the Internet (9480)
 Non-Profit Organizations (4048)
 Online Shopping (129617)
 Organizing (7803)
 Party Ideas (11856)
 Pets (38078)
 Poetry (2234)
 Press Release (12676)
 Public Speaking (5620)
 Publishing (7523)
 Quotes (2407)
 Real Estate (126634)
 Recreation & Leisure (95301)
 Relationships (87564)
 Research (16160)
 Sales (80325)
 Science & Technology (110228)
 Search Engines (23466)
 Self Improvement (153104)
 Seniors (6233)
 Sexuality (35943)
 Small Business (49292)
 Software (82996)
 Spiritual (23469)
 Sports (116095)
 Tax (7658)
 Telecommuting (34068)
 Travel & Tourism (307570)
 UK Property Investment (3121)
 Video Games (13428)
 Web Traffic (11730)
 Website Design (56834)
 Website Promotion (36575)
 World News (1000+)
 Writing (35777)
Author Spotlight
MARVELL LAWSON

Marvell Lawson is an author, professional speaker, and communication coach who works with individual...more
ELLIOT CHANG

Financial analyst and author writing on economy and business. ...more
ANISH SAH

My Name is Anish Sah, I am an Internet Marketing and SEO Expert, Social Media Guru and young Entrepr...more
ADRIAN JOELE

I have been involved in nutrition and weight management for over 12 years and I like to share my kn...more
MANMOHAN SINGH

Digital marketing professional with 8 years of experience. A good listner, Stratgist and fun loving ...more


Purchasing Management Software: A Brilliant Way to Speed Up Inventory Management by Vikram kumar





Article Author Biography
Purchasing Management Software: A Brilliant Way to Speed Up Inventory Management by
Article Posted: 10/06/2014
Article Views: 173
Articles Written: 10975
Word Count: 554
Article Votes: 0
AddThis Social Bookmark Button

Purchasing Management Software: A Brilliant Way to Speed Up Inventory Management


 
Computers
If you are a retail business or an enterprise that is involved in providing goods to either consumers or other businesses—or both—then you have inventory. Inventory is defined as any good that is within a physical space and that belongs to a business. Thus, it includes raw materials, items that are already work in progress, and those that are finished and/or ready for delivery.

All goods in inventory carry a cost. After all, you need to pay for their maintenance and storage, even if you own the space and doing the upkeep yourself. It is because of the associated costs that you have to manage them very well. You may need purchasing management software.

But what Is the Big Deal with Inventory?

Better yet, why is its management so important that you would require investing on purchasing inventory software? Here is an illustration.

Let us assume that you are selling cheap phones, and you have converted your garage into a mini-warehouse and office to save on rent, so you do not need to charge it to your inventory. However, since you have to ensure that all the goods continue to be in perfect condition once they are sold and that they are safe from theft, you tap on your local surveillance company that charges you around $200 a month.

Phones are sensitive so you also have to install an air-conditioning unit, which increases your utility bill by 5%. On the average, a phone stays as an inventory for about a month before it gets sold.

If you do not use purchasing management software, any of the following may happen to you:

• You will not know how to charge those business costs so you just decide to absorb them. That would have been wise thinking if it is not for the fact that business spending should always be separate with personal ones for better accounting. • Because you have very little idea of your inventory costs, your products turn out to be underpriced. In the end, you are not gaining any profit even if you can physically receive revenues. • You commit some of the most common but crucial inventory management mistakes including charging a product twice for the inventory costs.

What the Purchasing Inventory Software Can Do for You

One of the biggest reasons to use purchasing inventory software is to let you manage this very important aspect of business more efficiently.

You now get to charge the right costs for inventory, but you can also keep track of its flow. The software can work alongside other accounting applications for a more cohesive and accurate reporting and picture of the health of your business. Moreover, the software supports your business goals by ensuring you have the right ROI figures.

Using the purchasing management software also automates the process, decreasing time spent on routine tasks. Less time means less use of resources, and that translates to significant savings for the business. Hence, investing on this type of program is a truly win-win decision.

Resource Box

Automate your purchasing process today and have more time leading, marketing, and building revenues and cash flows. Invest in customizable purchasing management software http://bellwethercorp.com/web-based-series/ from Bellwether. When you invest on its purchasing inventory software, you also invest on the company’s over 28 years’ experience in requisition and purchasing management.

Related Articles - Purchasing management software, Purchasing inventory software,

Email this Article to a Friend!

Receive Articles like this one direct to your email box!
Subscribe for free today!

 Rate This Article  
Completely useless, should be removed from directory.
Minimal useful information.
Decent and informative.
Great article, very informative and helpful.
A 'Must Read'.

 

Do you Agree or Disagree? Have a Comment? POST IT!

 Reader Opinions 
Submit your comments and they will be posted here.
Make this comment or to the Author only:
Name:
Email:
*Your email will NOT be posted. This is for administrative purposes only.
Comments: *Your Comments WILL be posted to the AUTHOR ONLY if you select PRIVATE and to this PUBLIC PAGE if you select PUBLIC, so write accordingly.
 
Please enter the code in the image:



 Author Login 
LOGIN
Register for Author Account

 

Advertiser Login

 

ADVERTISE HERE NOW!
   Limited Time $60 Offer!
   90  Days-1.5 Million Views  

 

Great Paranormal Romance


GENE MYERS

Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more
STEPHEN BYE

Steve Bye is currently a fiction writer, who published his first novel, ‘Looking Forward Through The...more
LAURA JEEVES

At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more
TIM FAY

I am not a writer nor am I trying to become a writer. I am an average person with average intelligen...more
STEVERT MCKENZIE

Stevert Mckenzie, Travel Enthusiast. ...more
SUSAN FRIESEN

Susan Friesen, founder of the award-winning web development and digital marketing firm eVision Media...more
LANCE CHAPMAN

An experienced, resourceful and highly motivated IT professional, with a proven record of success in...more
MICHAEL BRESCIANI

Rev Bresciani is the author of two Christian books. One book is an important and concisely written b...more
KIRAN KAUR

Kiranpreet (Kiran) Kaur, D.D.S., who received her Doctor of Dental Surgery degree from the prestigio...more
STEVE BURGESS

Steve Burgess is a freelance technology writer, a practicing computer forensics specialist as the pr...more

HomeLinksAbout UsContact UsTerms of UsePrivacy PolicyFAQResources
Copyright © 2020, All rights reserved.
Some pages may contain portions of text relating to certain topics obtained from wikipedia.org under the GNU FDL license