A shoe company's stock typically line database includes a variety of products, such as shoes of different styles, sizes, colors and materials, and includes both finished, ready-to-sell products, as well as materials and components used in shoe manufacturing.
Footwear stock is classified into two main categories:
Raw material stock: Includes the materials and components used in the manufacture of footwear, such as leather, fabrics, soles, buckles, laces, among others. These elements are acquired and stored for use in the production process.
Finished goods stock: This includes shoes that are already manufactured and ready for sale. These products are available in different models, sizes and variants and are in inventory until they are sold.
Stock is an important asset for a footwear company, but its effective management is crucial to ensure adequate product availability, avoid stock-outs or excess stock, and maximize business efficiency and profitability.
Continuous monitoring and control of stock is essential to ensure that it is maintained at optimal levels, that it meets market demand and that problems such as product obsolescence or loss of sales due to out-of-stock are avoided .
Proper footwear stock management involves planning, inventory control, timely replenishment and a clear view of available stock at all times.
Importance of automated footwear stock management
Not having automated shoe stock management can pose several problems for a company. Let's see what the main problems may consist of:
Errors and inaccuracy: Manual inventory management is prone to human error, such as recording errors, inaccurate counts, or mismatches in inventory levels. These errors can lead to discrepancies in records, difficulty in tracking products, and inaccurate information about available stock.stock footwear 1
Inefficiency in time and resources: Manual inventory management requires a lot of time and effort. Tasks such as manual counting, updating records in spreadsheets, and manual communication with suppliers and other departments consume valuable resources. This can lead to reduced operational efficiency, delays in decision making, and a reduced ability to respond quickly to changes in demand or supply.
Lack of visibility and control: Without automated management, it can be difficult to have a clear and up-to-date view of the status of your inventory. The lack of real-time information on available stock, product movements and demand trends makes it difficult to make informed decisions. In addition, it can lead to situations of stock shortages or excess stock, negatively affecting customer satisfaction and operating costs.
Lost sales and opportunities: Without accurate inventory control, you are more likely to experience out-of-stocks, lost sales, dissatisfied customers, and a negative reputation. It can also make it difficult to identify sales opportunities, such as introducing new products or responding quickly to changes in demand.
Increased risk of obsolescence and clogging: Without automated management, there is a higher risk of holding obsolete or slow-moving products in inventory and can lead to additional costs associated with long-term storage, product depreciation and the need to make significant discounts to dispose of unsold stock.
Given the errors and problems that arise from the lack of automated shoe stock management, implementing an automated stock management solution can be crucial to optimizing processes, improving profitability and ensuring optimal customer satisfaction.
