Inventory Management

Inventory Management

Part 1 Initial Post

In most businesses dealing with merchandise or selling products, inventory becomes a critical part of their operations. Therefore, business finds QuickBooks application as pivotal to enterprise operations. Many reasons make QuickBooks work for businesses such as the ability to track the stock at hand, customize it to send timely alerts on the restocking levels and time, and generate timely reports (Lambert, & Bee, 2015). Through the use of QuickBooks, a business can track the stock movement by integrating it with compatible devices. The application can be integrated into mobile devices to help the owner to know stock movement even when outside the premises. Also, QuickBooks application can be customized to send regular alerts on sales volume to facilitate the determination of restocking levels making the business meet the customer orders (Wynn, & Olayinka, 2021). Moreover, QuickBooks application can help businesses efficiently manage inventory by sending regular reports that can help audit the inventory without closing the business. This is achieved through integrating the application into a barcoding and scanning system that will update stock movement in real-time.

Part 2 Response to Dylan

Hello Dylan, I agree with you that inventory is a part of most business entities and the use of the QuickBooks application makes the management of the inventory easier. Dylan, it’s very true that QuickBooks can be customized to fit in inventory management aspects of the business as inventory gets updated regularly and through having a tab dedicated to the inventory management in the application (Wynn, & Olayinka, 2021). Thus, due to QuickBooks being compatible with mobile devices, the business owners have found it easier to monitor their inventory regardless of their locations.

References

Lambert, S. L., & Bee, S. (2015). Assembly FG: an education case study using QuickBooks as the AIS for a small manufacturing business. AIS Educator Journal10(1), 26-31.

Wynn, M., & Olayinka, O. (2021). E-Business Strategy in Developing Countries: A Framework and Checklist for the Small Business Sector. Sustainability13(13), 7356.

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