Stock Management

Simplifying stock management with FieldPro

Effective stock management is critical for businesses looking to maintain optimal inventory levels, reduce costs, and ensure customer satisfaction. FieldPro's robust stock management workflow is designed to simplify and enhance the process of inventory control, making it more accurate and less time-consuming.

The stock management workflow is a process that helps a sales representative organize and conduct direct sales activities. This involves loading goods into their delivery vehicles, visiting clients (often on a predefined journey plan), selling and immediately delivering products to customers. It simplifies the tracking of stock, sales, returns and cash collected, ensuring full visibility and control over the sales operations.

Who is this workflow for / who are the user personas involved?

This workflow is geared towards sales representatives, delivery drivers, sales managers, and anyone involved in the direct sales process of an organization.

Understanding stock management

Stock management involves the supervision and control of the ordering, storage, and use of components that a company uses in the production of the items it sells. It also includes the management of the quantities of finished products for sale. A well-managed stock system reduces the costs of carrying excess inventory while maximizing sales. Good stock management is crucial for supply chain optimization and overall business success.

Key benefits of efficient stock management with FieldPro

• Reduced overstock and stockouts: balance inventory levels accurately to avoid costly overstocks and disruptive stockouts.
• Improved operational efficiency: streamline inventory processes through automation, reducing manual work and the potential for errors.
• Enhanced forecasting accuracy: use historical data and analytics to improve forecasting, leading to better inventory decisions.

What KPIs will I obtain?

The KPIs that can be derived from this workflow include:

1. Total sales volume and value.
2. Number of customer visits made.
3. Rate of successful sales to customer visits.
4. Stock movement and discrepancies.
5. Customer satisfaction rates.
6. Cash collection and discrepancies.

These KPIs can help track and improve the efficiency and effectiveness of direct sales operations.

How FieldPro transforms your stock management

1. Automated inventory tracking:
   • Automate the tracking of inventory levels, deliveries, and shipments to maintain accurate stock records.
   • Receive alerts when stock levels are low or when it’s time to reorder.
2. Real-time analytics and reporting:
   • Access detailed reports on inventory performance, usage patterns, and stock movements.
   • Make informed decisions with real-time data at your fingertips.
3. Customizable workflows for different stock types:
   • Customize workflows to manage different types of inventory, from perishables to durable goods, each with their own specific handling needs.

Implementing FieldPro’s stock management solutions

• Step 1: setup and customization
  • Integrate FieldPro with your existing systems for a seamless transition.
  • Customize the software to meet your unique business needs and stock management requirements.
• Step 2: training and adaptation
  • Train your staff on how to use FieldPro effectively for stock management.
  • Adapt workflows and processes to leverage FieldPro’s full capabilities.
• Step 3: go live and monitor
  • Go live with FieldPro’s stock management system and start monitoring your inventory in real-time.
  • Utilize dashboards and alerts to stay on top of inventory levels and movements.
• Step 4: review and optimize:
  • Regularly review stock management practices and system performance.
  • Make adjustments based on insights and feedback to continuously improve stock handling and control.

Enhance your inventory efficiency

With FieldPro, streamline your stock management and take control of your inventory processes. Discover how our integrated solutions can minimize costs, optimize stock levels, and improve operational efficiency. Contact us today to learn more about our stock management workflow and how it can be customized to fit your business needs.