Contrary to popular myth, successful management of clover inventory is not dependent on luck, 4-leaf clovers and educated guesses. Early on, St. Patrick recognized that establishing and maintaining a precise inventory valuation is crucial for any product based business to thrive; and that the importance of having a solid, reliable inventory management system in place cannot be overstated. While he was blessed with good fortune, he also realized that because 4-leaf clovers are such a precious commodity, tracking and managing them couldn’t be left to chance, or luck.
So how did he do it? Was it always this efficient? Was the sun always shining on his face, with the wind at his back? Or, were there a few hiccups along the way to efficient inventory management and sainthood? Truth be told, when St. Patrick launched Four Leaf Clover company, he relied heavily on good old fashioned hard work, diligence, and frequently occurring manual inventory counts. And sure, when Four Leaf Clover was only shipping from a single location in Dublin, to a wee handful of customers who needed an extra helping of luck, the manual counts sufficed. But when Four Leaf Clover expanded to add distribution hubs in Belfast and even Boston’s Irish community, the stakes got a lot higher. St. Patrick saw firsthand that when counts are off, or otherwise unreliable, a whole host of problems arose, and a negative ripple effect ensued.
If you’re dealing with the ripple effects of inaccurate inventory levels, your problems could stem from any number of poor management practices. If you’re relying on multiple manual counts, complete with clipboard and pencil in hand, you’re headed for a gloomy holiday of inaccuracy. If you have multiple team members pulling product and promising those same items for multiple orders, your problems will multiply exponentially. And if you’re failing to record transfers of products or components from one site to another, you’re in for it.
Thankfully, St. Patrick still had a little luck reserved for a rainy day. He was hoping and praying for
a precision-based inventory management
the elimination of multiple manual counts.
a reliable accounting system in place, one that not only tracks inventory of every item at every location, but effectively manages counts, transfers, and allocations.
No, there was no pot of gold waiting for St. Patrick at the end of his rainbow, but perhaps something even better: a cloud-based accounting solution ready for implementation. St. Patrick found Gravity Software® (Gravity), and he leaped out of pure joy because he knew he’d never lose another leaf, clover, order or most important, another customer due to lost or mismanaged inventory.
Even St. Patrick realized that you don’t need to rely on luck and guesstimates when it comes to your inventory. With the right system in place, your counts remain not just accurate, but precise. Once implemented, St. Patrick saw his inventory from every angle Four Leaf Clover ran more efficiently than ever. He knew he made the right choice with Gravity because it provided his business with all of the following:
Intuitive management capabilities to reduce and eliminate the need for manual inputting processes.
Real-time visibility into his inventory with secure access anytime and anywhere to critical information and updates.
Seamless integration with demand planning, financials and logistics.
Promotion and maximization of efficiencies from start to finish of the inventory
Written on the Microsoft Power Platform (aka Dynamics 365), Gravity provides businesses with true multi-location inventory tracking capabilities. You're able to track, control and manage your products wherever you do business. From Belfast to Boston, each location can control its own pricing, reordering and stocking characteristics. With FIFO, LIFO, Weighted Average, Standard and even specific item costing; you get a precise profit analysis on every sale.
By utilizing the Microsoft Power Platform, Gravity makes it simple for businesses to track and analyze multi-location inventory from anywhere, at any time without all the startup costs associated with other accounting applications. Learn more and schedule your online demo so you realize the possibilities with Gravity. Gravity Software, the technology just works!
Gravity Software
Better. Smarter. Accounting.