Effective inventory management is critical for increasing efficiency, lowering costs, and maintaining smooth operations. Here are the most important things to remember:

Real-time Inventory Tracking

Using a centralized system, track stock levels in real time to avoid overstocking or running out of things, ensuring that your inventory is constantly current.

Regular Stock Audits

Conduct regular physical counts or cycle counts to maintain accuracy and quickly address any discrepancies between actual stock and recorded levels.

Automated Reordering

Set up automated reorder points based on sales trends and lead times to ensure products are restocked before they run out.

Vendor Management

Compare rates and manage vendor relationships to guarantee you get the best value without losing quality or dependability.

Asset Tracking

Effectively monitor asset movement and condition, ensuring that they are well-maintained and readily available as needed.

At Procure, we specialize in non-profits inventory management with features like centralized order management, vendor price comparisons, inventory control and real-time asset tracking. Our platform enables organizations to reduce costs and reallocate resources to serve their communities more effectively.