Imagine a scenario where a regular customer of yours wishes to purchase a product available in your store, only to discover it's out of stock. The consequence? They may opt to buy the item from a nearby shop. If this happens repeatedly, the customer may cease all purchases from your store, turning to the competition. In this reality, stock management is crucial for business. Therefore, in the digital age, the use of stock management software for inventory management in businesses or stores has become popular. Stock management is an important step in any business. If this step is managed automatically, a significant aspect of the business becomes much easier.
Today's discussion focuses on stock management software and its use. Why should you use Bangladesh's easiest and most affordable accounting software, HishabPati? What advantages does the HishabPati app offer in stock management that sets it apart from others?
What's in today's blog-
Stock Management and Inventory Practices
In the dynamic landscape of business, effective management of stock and inventory is pivotal for success. The array of products that a business sells or plans to offer collectively forms its stock. In straightforward terms, the systematic administration of this stock within a business is referred to as stock management, a process that spans procurement, storage, ordering, selling, and restocking. This holistic approach to stock management is often synonymous with the broader term - inventory management.
The Crucial Role of Stock Management Software:
Stock management software plays a central role in empowering businesses to efficiently handle their stocks and inventory. Understanding the significance of these tools, particularly in the context of remote work and evolving business structures, is crucial for entrepreneurs navigating the post-COVID era.
- Inventory Tracking Benefits:
Stock management software serves as a compass for businesses, offering a real-time view of the current quantity and status of each product or item. This facilitates the streamlined identification of available products, ensuring businesses can make informed decisions based on accurate data.
- Cost Reduction Strategies:
A good management software can reduce excess stock and lower business operating costs. Additionally, it can cut down on the expenses associated with using multiple employees for stock control.
- Ensuring Customer Satisfaction:
One of the key benefits of stock management software is its role in preventing products from going out of stock. This proactive approach is vital for customer satisfaction, as product unavailability is a common reason for losing customers. By using stock management software, businesses can maintain a steady supply, ensuring customer loyalty and sustained success.
- Streamlining Warehouse Management:
A robust stock management software contributes to organized and efficient warehouse management. By maintaining accurate and automatic records of product stock information, businesses can optimize their warehouse processes, leading to increased efficiency and reduced errors.
- Real-time Stock Awareness:
Gone are the days of manual stock counts; stock management software provides instant insights into the quantity of any item or product within a business. This real-time awareness empowers businesses to make quick and well-informed decisions.
HishabPati Features for Comprehensive Stock Management
Among the myriad stock management software options, HishabPati stands out as an inclusive solution catering to businesses of all sizes. It goes beyond basic functionalities, offering a suite of features for daily business accounting, income-expenditure tracking, and, importantly, inventory management.
- Benefits of Adding Unlimited Products:
HishabPati allows businesses to add an unlimited number of products, providing a flexible and scalable solution for organizations with diverse product portfolios. This feature facilitates easy organization, and users can view calculations and reports specific to each item or product.
- Benefits of Adding Unlimited Parties:
Similar to products, HishabPati supports the addition of an unlimited number of parties or suppliers. This feature simplifies the process of storing and managing contact details, making it easy to place orders when stock is needed. Reports can be generated based on party-specific data, offering a comprehensive view of business interactions.
- Benefits of Adding Product Categories:
HishabPati enhances organization by allowing businesses to add detailed information based on different product categories. This categorization aids in efficient stock management, providing a structured overview of the product inventory.
- Advantages of Different Units of Product Measurement:
The software supports different units of product measurement, offering flexibility in updating stock based on varied units. This feature accommodates businesses with diverse product offerings and measurement metrics.
- Product-wise Stock Change:
HishabPati facilitates precise control over stock changes by providing a product-wise stock change facility. This functionality allows users to update stock quantities, track changes, and monitor fluctuations in product stock during different periods.
- Out of Stock Alarm Features:
One of the standout features of HishabPati is its out-of-stock alarm functionality. This customizable feature ensures businesses receive timely notifications, minimizing the risk of non-delivery and enhancing overall customer satisfaction.
- Out of Stock Product Expiry Alarm Features:
In addition to standard out-of-stock alarms, HishabPati includes an out-of-stock product expiry alarm feature. This advanced functionality goes a step further in preventing potential losses by alerting businesses to products nearing expiration. This comprehensive approach aligns with the best practices of stock management software.
HishabPati's Robust Stock Reports:
HishabPati not only boasts user-friendly features but also provides a range of stock reports, akin to features found in specialized stock management software or inventory management software.
- Stock Summary Report: Receive daily updates on the total stock and stock prices for each product or item.
- Item Detail Report: Obtain date-wise sales amounts, purchase amounts, stock change amounts, and closing amounts or the last amount report for various products or items.
- Party-wise Item Report: Access party-wise product purchase and sale reports.
- Product-wise Profit and Loss:Businesses can gauge the financial impact of their products with the product-wise profit and loss report. This report provides a holistic view of the profitability of each product, aiding in pricing and inventory strategy.
- Item-wise Sales Report: Review fixed product or item-wise sales reports.
- Category Wise Sales Report: Explore repurchase reports organized by product category.
- Item-wise Purchase Report: Obtain item-wise purchase reports for different periods or specific dates.
- Category-wise Purchase Report: Access category-wise purchase reports.
HishabPati: User-friendly and Affordable Stock Management Software:
HishabPati emerges as a user-friendly and affordable stock management software solution for businesses of varying sizes in Bangladesh. Its intuitive interface and seamless functionality make it an accessible tool for entrepreneurs looking to streamline their operations.
- The app operates in both Bengali and English languages, ensuring accessibility for a diverse user base.
- Compatibility across all devices, including mobiles, laptops, computers, tablets, iOS, and Android, makes HishabPati a versatile solution for businesses with varied technology preferences.
- The app offers the flexibility of working in both online and offline modes, catering to the needs of general traders and ensuring uninterrupted functionality.
- The auto data sync option guarantees data safety, automatically saving all business-related information on the server. From daily accounting to income-expenditure tracking and dues management, businesses can rely on HishabPati to safeguard their vital data.
As a Stock Management Software "HishabPati" is affordable.
HishabPati's subscription fees start at just 99 taka per month, making it an affordable solution for businesses of all scales.
The subscription model is divided into monthly and yearly terms, offering three distinct packages:
- Basic Package: The basic package is completely free!
- Premium Package: The monthly subscription fee for the premium package is just BDT.99. And there's a 17% discount on annual subscriptions! It will cost only 999 taka in a year!
- Business Package: The monthly subscription fee of Business Package is only 199 taka! And there is a 17% discount on the annual subscription, just like the premium! So the cost is only 1990 taka in a year!
Find out more about the features of all the HishabPati packages and choose your preferred package today! Because, HishabPati is the most simple and affordable stock management software or inventory management software in Bangladesh.
