In Bangladesh, crockery stores handle the buying and selling of hundreds of items daily. These items include plates, mugs, glasses, bowls, steel utensils, brassware, showpieces, and various kitchen and home decor items. It’s easy to see why stock management for a crockery store can become complex. If you don’t keep accurate records for each item, waste-related losses could be significant! Therefore, using a timely and efficient stock management system is essential for running a crockery store effectively.
In this blog, we’ll discuss how you can efficiently and easily manage the complex stock management of your crockery store. Additionally, we’ll explore, why HishabPati is an easy and affordable solution for crockery business owners in Bangladesh.
This blog contains-
Three stock management issues in crockery stores!
In almost all crockery stores, there are three basic issues commonly found in stock management, which are:
- A wide variety of products: A crockery store typically has a diverse range of items, such as plates, bowls, mugs, spoons, cups, along with various kitchen products and decorative items like showpieces. Each product has its own Stock Keeping Unit (SKU), making accurate stock management quite a challenging task.
- Irregular inventory: Since the crockery business operates year-round, sales may happen at a slow pace. Some products may have no demand at all outside their season. As a result, when updating this irregular inventory, there may often not be the correct amount of products in stock. This can lead to problems such as stockouts and excess inventory.
- Not having accurate sales recordsIn a crockery store, slow sales can often lead to inaccurate sales records. As a result, there can be mistakes in inventory or stock management. If the stock is not updated after sales, it may lead to product shortages.
How to manage the complex stock of a crockery shop?
Stock management is a comprehensive organized process. Proper stock management is essential for the success of a business. Below are some important steps for managing stock in a crockery shop:
1. Use of a Digital Stock Management System
One of the effective ways to manage stock in a crockery store is to use a digital stock management system. This allows you to automatically update stock and reorder items before they run out. By using the HishabPati app, you can easily view daily sales and inventory reports.
2. Keeping Accurate Records of Daily Sales
It's very important to keep accurate records of the products sold daily in a crockery shop. With the help of HishabPati app, you can automatically record the sales of each item sold. This way, you will know when a product is about to run out. It will also help you manage your cash flow more efficiently.
3. Stock Management According to Product Categories
Different types of products should be classified into separate categories. This is what we typically see in stores. You can make this task even easier by using HishabPati app. You can create separate categories for each product and add unlimited products and parties. This makes it easy to find detailed stock information for any product along with its customers and parties.
4. Automated or Auto Notification for Out-of-Stock Products
An important feature in stock management is automated or auto notification. With HishabPati, you can easily set alerts for out-of-stock products. When the stock of any item runs low, the HishabPati app will send you automatic notifications. This way, you'll know exactly when to reorder any product!
5. Comparing daily sales with stock.
Daily sales & stocks should be in a balance. So ,with HishabPati app, you can match sales with stock levels. This allows you to see how much of each product has been sold and how much stock is still available. As a result, the risk of sudden stockouts will be reduced.
6. Evaluating stock on a weekly, monthly, and annual basis.
You should evaluate your stock at least once a month or year. This includes assessing how each product is performing, the demand and feedback for products from different parties, and which products are generating the most profit, etc.
With the HishabPati app, you can generate monthly or annual stock reports. From these reports, you can determine which products sell the most and which products have been in stock for a long time! Based on this information, you can make informed decisions about placing new orders.
Why is HishabPati the best solution for grocery stores?
HishabPati is one of the most popular accounting software in Bangladesh, making it easy for business owners to manage their daily accounts. Here’s a brief overview of why this app should be used for grocery stores.
- Easy Stock Management
One of the key features of HishabPati app is its extensive yet user-friendly stock management. You can easily track the stock of each product and get early notifications on when a product is running low. - Various reports including inventory and sales
With this app, you can view daily sales and inventory reports. It will help you maintain accurate records of products and monitor the actual progress of your business. - Accurate accounting of expenses and profits
With HishabPati app, you can keep accurate records of every expense and income for your store. This will give you a clear understanding of your total profit and help you identify where you can reduce costs. - Unlimited products and their categories
With this app, you can categorize various products by creating separate categories. This will make it easier to know the correct stock of each product. It plays a particularly helpful role in grocery stores, where there is a wide variety of products. - Easy and automatic accounting management app.
HishabPati automatically updates your daily accounts. You can view all your accounts anytime through the mobile app or website. This will help you gain full control over your business. - User-friendly easy software
The HishabPati app is very simple and user-friendly. It is designed in such a way that even new users can easily use it.
Managing complex stock in a crockery store can be quite challenging! However, by using the HishabPati app, you can easily tackle these challenges. This app offers various features for effective business management, including stock management, inventory tracking, and sales analysis. As a result, your crockery store will become more timely and profitable.
Start your journey with HishabPati in three simple steps!
- Sign up on HishabPati:
First, visit the HishabPati website and create an account for your business. Alternatively, download hisabpati app from google play store and register. Registration in HishabPati is quite easy & complete free.
- Set up your company:
After signing up, first set up your business profile by providing the necessary information as the owner. Then, set up essential business aspects such as inventory, units, purchases and sales, outstanding balances, invoices, and transactions. After that, start updating daily transactions.
- Enjoy the various features of HishabPati:
Once you start managing your business accounts with HishabPati, make sure to utilize the necessary and unique features, such as invoicing, barcode scanning, units, and expense management. To understand how to use HishabPati and its features in detail, watch demo videos in Bengali on YouTube.
Digital ledger for income and expenses – HishabPati demo.
HishabPati's subscription fee starts at just 99 Taka!
HishabPati is Bangladesh's easiest and most affordable accounting app. Its subscription fee is divided into monthly and annual terms, with three budget-friendly packages available.
- 01. Basic Package: The Basic package is completely free! This means you can try out the app without purchasing a subscription.
- 02. 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!
- 03. Business Package: The monthly subscription fee for the Business package is just 199 Taka. Like the Premium package, the annual subscription also comes with a 17% discount, making the yearly cost only 1990 Taka.
Know about all features of packages today in details & choose your desired package. Good luck with your business!
