The Indian sanitary-ware market accounts for 8% of the global production and ranks second in terms of volume in the Asia-Pacific region.
Among the various business type bath equipment business is one of the leading business. Due to the demands of the rising popularity the concept of washrooms and coordinated sanitary-ware, fittings and accessories such as Bath enclosure, Solid surface bathtub, Glass shower panel, Commercial sauna bath, Home sauna, Pvc bib cock, Automatic sanitizer dispenser, Hand sanitizer dispenser, Steam bath generators, Steam bath, Health faucet, Bath set, Bath ball, Shower panels, Grab rails, Stainless steel, spider fitting, Bathroom doors, Portable steam bath, Multi-function shower, Massaging shower, etc. Overall bath equipment trading business is an interesting and demanding business.
“Trading” is a business working with different kinds of products which are sold for consumer, business or government purposes. Trading companies buy a specialized range of products, maintain a stock or a shop, and deliver products to customers. Usually two kinds of businesses are defined in trading. One type is Importers and the other is wholesalers who maintain a stock and deliver products to shops or large end customers. They work in a large geographical area, while their customers, the shops, work in smaller areas and often in just a small neighborhood.
For example let’s take that you are running a bath equipment business in India where you deal and trade bath equipment products all over India. To serve more number of customers you need to have more products and as a business owner you also need to understand the customers to gain more profit.
Let’s assume that you have a bath equipment shop/store. Customers who need the product comes to your shop and buy the product from you. For every sale you issue an invoice or bill to the customer. Receiving the bill he pays the amount and leave. You just have the printing bill with you. This is one type.
The other type is the customer comes to your shop, view your products and give the order for 50 Solid surface bathtubs. You cannot be having 50 Solid surface bathtubs in your shop. So you just give an invoice for the 50 Solid surface bathtubs and give him a due date. Then your job is to contact the godown/warehouse manager and asks him to pack 50 Solid surface bathtubs and gives the address to deliver it. Then the godown/warehouse manager packs the item and delivers the product with the employees. If the particular ordered stock is not available in the godown/warehouse then he calls to the vendor and orders for the product get it and then deliver it to the customer. In all this process you just have a verbal communication.
Why ERP software:
As a small or start up business verbal communication is fine but as you grow and if you manage branches, various godown/warehouse then having verbal communication will not work for a long time and finally results in big risk such as loss. To eliminate these issues and to maximize your profit you need to record, track all your income and expense, orders, sales, purchases, stock, branches, accounting, financing, etc. Maintaining them without software is even worse. Hence you ultimately need business automation software called ERP software to integrate all your business process including inventory with ease.
Why Inventory is important for every business:
Inventory management is the overseeing and controlling of the ordering, storage and use of components that a company will use in the production of the items it will sell as well as the overseeing and controlling of quantities of finished products for sale. A business’s inventory is one of its major assets and represents an investment that is tied up until the item is sold or used in the production of an item that is sold. It also costs money to store, track and cover inventory. Inventories that are mismanaged can create significant financial problems for a business.
Why Reach ERP for Inventory:
Hence maintaining and managing the Inventory is very important for every business to succeed. Keeping your inventory data with pen and paper or on spreadsheet does not help you for a long time. Hence implement the best ERP software – Reach ERP software for your bath equipment business to track your inventory with ease, offer your insight into your inventory activity, and to keep an accurate and day to day historical record of what’s happened.
The people who work with the stock and use the inventory system are the most stressed persons. Understanding this the India’s best ERP software – Reach ERP software helps you record, computerize, track, follow each and every items that are received, taken from stock, reserved for future use, the stock details that is transferred between locations, picking, packing and shipping details, create quotations, bills/invoice, Sales order, Purchase order, delivery challan, receipt and also mailing, printing, messaging, updating and a lot more in just One Click!!!
Let’s see a scenario on how Reach ERP software works best for your business:
Without software if a customer buys or orders a product you have manual communication and paper work. But with Reach ERP software you can do all the process starting from lead generating to delivering the product to the customer. When a sales guy takes a sales order he just has to enter into the software with all the details. Then the entry will automatically stores in the inventory pending where the godown/warehouse manager can note it and pack & send the products. If in case the products are not available in the godown, then the godown/warehouse manager raises a purchase order (PO) to the vendor. Once the purchased products received the goddown manager packs & send it to the customer. These kinds of automatic process ease all your work loads and limits.
If you’re reading this, you probably realize that how important is your inventory maintenance to minimize the work load and various tension and to maximize the profit and success for your business. Hence to maintain and manage your inventories implement the best ERP software – Reach ERP software to your business. To know more about the best ERP software click here. You can also try our software for free with 15 days trial pack! For further clarifications call us for your sale enquires @ 9840075503.