Inventory slide share
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Using Xero? Need to manage your inventory better? Overwhelmed by choice. We compare Vend, Unleashed, Xero tracked and untracked inventory
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Inventory slide share
- 2. Inventory So, I've got Xero, how do I know how to manage my inventory? Should I do it in Xero? Or use an add- on? TRY ONE OF THESE CHOICES
- 3. XERO U N T R A C K E D I N V E N T O R Y Stock Nature The technical The business Less than 100 items Can be used to track services lines Suited to ad hoc, custom inventory No capacity to track multiple locations No photographs in Xero to identify stock Journals are not posted to record COGS, shrinkage May create custom pieces Can report categories of items sold Does not carry a high volume of stock requiring stocktakes
- 4. XERO T R A C K E D I N V E N T O R Y Stock Nature The technical The business Less than 100 items Limited number of suppliers Product lines are changed infrequently No capacity to track multiple locations No photographs in Xero to identify stock All stock journals are automated Business does not create custom items Lower frequency of transactions No requirement for POS style receipts
- 5. VEND P O S W I T H T R A C K E D I N V E N T O R Y Stock Nature The technical The business High volume of stock High turnover of stock Retail stock, can also track services Multi locations Pricing tiers and loyalty enabled Register based Shallow integration Uses a retail environment Needs stocktaking capability Needs an all round purchase ordering, inventory and POS
- 6. UNLEASHED I N V E N T O R Y M A N A G E M E N T Stock Nature The technical The business High volume of stock High turnover of stock Complex ordering or Inventory management Multi locations Posts sales, purchases and stock adjustments as they occur High reporting functionality Complex wholesalers Businesses selling stocks using different unit measurements Offers pricing tiers
- 7. NEXT STEP Do a stocktake Future plan An informed choice How many line items? How many transactions? Identify your 5 trickiest customers and suppliers How big do you want to grow? Think new channels, markets and products Ask questions Get staff engagement Get on with it. I N V E N T O R Y M A N A G E M E N T
- 8. BUSINESS ADVISORS (03) 9028 4005 www.brambleandbriar.com.au cloud integration | cfo advisory