At some point in time, a successful business with a solid product will eventually grow to the point of requiring multiple locations. One store becomes two. One warehouse gives way to another, and so on. A flagship store, a warehouse, an assembly plant or a slew of retail locales, all contain some form and quantity of inventory. It must mean your product is in demand. Great, right? Yes, that’s right, if you know how much inventory you have and where you have it. Tracking inventory levels across multiple locations is as important as knowing how much money you have in the bank. Inaccurate tracking, or essentially, not knowing can and will cost you money. Are you overstocked or under-stocked at a location? The end result? No product? No customer. Or too much product and money tied up. Ouch!
Inventory accuracy
With growth and multiple locations, tracking and monitoring with accuracy and precision are crucial. And at some point, sooner rather than later, that clipboard and entry level software just won’t get it done. Why not enjoy the benefits of a software solution that tracks inventory correctly for you? With a true Multi-Location Inventory, Gravity Software® (Gravity) gives you the ability to track your products wherever you do business. Each location can control its own pricing, reordering and stocking characteristics.
Real-time insights
Gravity makes it easy to cost and track your inventory. With FIFO, LIFO, and other recognized costing methods, you get a precise profit analysis on every sale. You’ll be able to track not only finished product inventory, but inventory levels for components as well. Every transfer is recorded. Every assembled product is marked, and you’ll have confidence that pricing at every locale reflects true cost, at every location.
With Gravity's real-time insight into your inventory levels you can:
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Locate and track quantities of specific products or components
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Monitor your total inventory or drill down by location
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Analyze your inventory to maximize your profitability
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Provide real-time available to promise with reliable lead times
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Know when to reorder and when to hold off
By utilizing the Microsoft Power Platform (aka Dynamis365 CRM), Gravity makes it simple for businesses to operate from anywhere, at any time without all the startup costs associated with other accounting applications. Learn more about Gravity's robust cloud-based accounting app and schedule an online demo today! My business is connected. Is yours?
Gravity Software
Better. Smarter. Accounting.
