These specifications help you to locate the parts and products you are looking for so you can get them to your customers fast. Inventory software is a great tool for creating outlines of your warehouses and lists of parts and products contained in them in order to assign specific places on aisles and shelves for all of your products to be stored. When you use inventory management software, multiple locations become much more manageable. The logistics might seem overwhelming, but they do not have to be if you use inventory management software. You will have to trust that the workers at all of your locations have the tools they need to do their jobs. This means that you will have to keep a close eye on inventory levels because you can’t be present at each location at the same time. Not necessarily more types of products, but definitely higher quantities of the products you already sell at your first location.
ADDING NEW LOCATIONSĪdding new locations means reaching new customers, but it also means you will be working with more products. Whether you are a retailer, manufacturer, or wholesaler, you need to effectively manage your supplies across multiple locations so that you can enjoy stable growth. Different areas have different customer bases and unique characteristics that make it impossible to try to fit the same strategy into all of them. Opening your second or third or hundredth location adds a new level of complexity that is simply nonexistent when you are only dealing with a single warehouse or store.
One of the biggest difficulties that small businesses struggle with as they grow is how to balance their inventory levels in multiple locations.