Stock management is a crucial aspect of any business, and the bottled water delivery business is no exception. Stock in the water business includes filled water bottles, empty water bottles, and total available bottles. Managing bottled water stock manually can take time and effort. This is where water delivery software comes into the picture.
Stock management is one of six modules integrated with water delivery software. This blog will cover stock management features, benefits, and overall functionalities of this delivery software.
The blog includes;
What is stock management?
Stock management also known as inventory management or inventory control, is the process of planning, organizing, and controlling a business’s product count. It involves purchasing, storing, tracking, managing, and selling consumer goods.
Importance of stock management in bottled water delivery business
Stock management in the bottled water delivery business refers to planning, organizing, and controlling bottled water inventory. Bottled water inventory includes:
- Filled water bottles
- Empty water bottles
- Total bottles available
What is water delivery software?
Water delivery software is an integrated subscription-based scheduled delivery management software. It comprises six modules: subscription order management, stock management, payment management, delivery management, customer management, and reporting and analytics.
This blog focuses on the stock management module of this delivery management system.
How does water delivery software help you manage bottled water stock?
Water delivery software offers various stock management features that enable you to manage and track your stock. In the water delivery business, bottle tracking is one of the major aspects that can seriously impact your profitability. Features of water delivery software that help in efficient stock management are:
Stock reports
The software generates stock reports that include data such as available filled water bottles and water bottles required to fulfill demand for the next 7 days. The report also shows a low list of items that must be purchased or acquired to satisfy the demand. You can set your inventory to a low stock cut-off. The term low stock cut-off means that when any product hits this cut-off value, it gives low inventory alerts and starts showing within a red bar.
Inventory counting
When you implement the software, you must record the inventory for the first time. After that, the inventory is auto-calculated based on orders and purchases.
Empty bottle report
Managing empty bottles is one of the major aspects of the water delivery business. This water delivery management software enables you to connect bottles with the product, i.e., water, and add the bottle deposit amount to the product. The invoice shows the amount and is refundable when the customer returns the empty bottles. The drivers collect and log the empty bottles in the system that are auto-updated in the admin panel.
Stock transfer management
The software supports a multi-vendor or multi-hub approach. You can manage and track the inventory of multiple hubs or stores from a single platform. This allows you to transfer inventory from the hub with more inventory to the hub with insufficient inventory.
Purchase orders
You can create a purchase order (PO) for the items that are low in stock. Purchase orders can be created if you are selling third-party products. You can take a printout of the purchase order or download it to send a mail.
Benefits of stock management with water delivery software
The features and functionalities of the water delivery software offer benefits that help you manage and track bottled water stocks efficiently. Implementing this delivery software helps improve your business productivity and overall profitability. The major benefits of stock management with delivery management software are:
Saves costs
Efficient stock management can prevent overspending on product storage, minimizing storage needs and losses. Having a precise inventory report prevents you from overstocking.
Improves customer service
Implementing the software can help you avoid stockouts and overselling (selling products unavailable in inventory). The reports enable you to replenish your inventory levels, meet customer demands, and improve sales and customer service.
Operational efficiency
Automating stock management can help you improve your order fulfillment process and streamline product purchases or production.
Reduces risks
Managing your inventory with delivery management software reduces the risk of stockouts and overstocking, which could indicate poor financial resource management. It prevents customers from buying products with a low or no stock count.
Effective demand planning
Precise inventory reports can help you efficiently plan product demands and make data-driven decisions. Customer demand, available stock, and the latest market trend analyses can help you make rational and factual purchase decisions.
Conclusion
Implementing effective inventory management with our water delivery app development services can help you manage your inventory and other aspects of your water delivery business. The software solution covers order processing, payment collection and reconciliation, multi-stop delivery planning, business reporting, and analytics. Book a demo to see Water Delivery Solutions and how we can help you streamline your water delivery services.
He loves to explore. His passion for helping delivery industries in all aspects flows through in the vision he has. In addition to providing smart solution to make delivery process flawless, Ravi also likes to write sometimes to make it easier for people from business industry looking for digital solutions.
