Know Your Inventory
The power of knowing what to spend
Listed in categories:
SaaSSpreadsheetsAnalytics
Description
Know Your Inventory is a software solution designed to help businesses optimize their inventory management. It tracks inventory movement and utilizes open-to-buy formulas to guide users on how much to spend on inventory purchases, ultimately aiming to reduce excess non-moving inventory and improve profitability.
How to use Know Your Inventory?
To use Know Your Inventory, sign up for early access, log in to the platform, and start tracking your inventory movement. Utilize the open-to-buy formulas to make informed purchasing decisions and set monthly sales targets to keep your business on track.
Core features of Know Your Inventory:
1️⃣
Inventory movement tracking
2️⃣
Open-to-buy formula application
3️⃣
Monthly sales target management
4️⃣
Inventory valuation overview
5️⃣
Daily sales updates
Why could be used Know Your Inventory?
| # | Use case | Status | |
|---|---|---|---|
| # 1 | Retail businesses looking to optimize inventory purchases | ✅ | |
| # 2 | Companies with excess non-moving inventory | ✅ | |
| # 3 | Businesses aiming to improve sales tracking and inventory management | ✅ | |
Who developed Know Your Inventory?
Know Your Inventory is developed by NHT, a company focused on providing innovative solutions for inventory management and business optimization.