Today, SMEs have the maximum opportunities because of the fuelled growth in all sectors. There is a lot of business waiting to be captured but the SMEs are not able to utilize all that there is. Do you also feel that there’s something missing which, had it been available, can actually help you do your business in a more efficient way?
With the growing entrepreneurship, there is a growing need for B2B traders too. But there is a huge gap between the demand and the supply. And this gap is not because of less supply but because the right people are not connected at the right time.
Most SME players start small and grow over a period of time and gain expertise in their area of work or the sector they operate in. However, most players deal with a large number of SKUs and categories of products. In which case, the inventory management poses a big problem since day-to-day transactions are high in number, there are many returns, many suppliers, many buyers, credit periods and what not!
In such a case, the trader not only has to ensure that all the transactions, big or small, are accounted properly but also that he knows the status of the inventory. Mostly, it is quite difficult to ascertain how much stock is available at any point. Without this knowledge, the trader cannot commit to new leads immediately. Also, in case a minimum balance is not maintained, a sudden order may not be fulfilled which means giving away business to a competitor.
Thus inventory management, though seems like a small part of the business activity, is actually a very critical element in the smooth flow of the business.
Since a trader may not have highly skilled staff, it might be quite difficult to use complicated accounting softwares.
bizKontrol is an inventory management plus accounting software that can be used easily by anyone who has the basic computer knowledge. It gives the traders a clear picture of the level on inventory, all the buyers, all the suppliers, accounting, etc. The software has been designed after a lot of research into the specific requirement of an MSME trader. The design is sleek and neat with easy to view options which makes it simple to understand and operate.
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