Need help? Give us a call: (312) 313-1737

How to Fix Top 5 Inventory Management Problems Before Black Friday

RepairDesk Blog > Blog > Business Tips > How to Fix Top 5 Inventory Management Problems Before Black Friday
How to Fix Top 5 Inventory Management Problems Before Black Friday

How to Fix Top 5 Inventory Management Problems Before Black Friday

The COVID-19 pandemic has highlighted many loopholes in businesses across the globe. Common challenges include unpredictable customer behavior, unreliable inventory supplies, downfall of demands, rising costs, and everyday inventory management challenges.

One major thing that needs to be optimal in the repair business is Inventory Management. It has lots of moving parts that make it more complicated than it may seem. Even the smallest changes can affect your margins. The key is to know the challenges before the holiday season and devise solutions for them when they arise.

We can already see that repair businesses are adopting new norms to continue their operations, and are responding quickly to these issues to stay one step ahead of their competition. So, with many moving pieces and parts, how can your business avoid inventory management problems?

We answer that question in detail below – read on!

Get the Complete Picture of Your Inventory

Do you know how many purchase orders you have inline and when they are expected to arrive? How many of your items go to shelves or become safety stock? Having full visibility of your inventory at all times will ensure a safe business.

From a supplier to a customer, knowledge of your stock directly impacts how you control your inventory. You need to be aware of your real-time inventory levels to avoid significant problems, such as backorders and products going out of stock.

You can use RepairDesk to set stock warning and reorder levels and know when you are running out of parts. Handling this process manually can be cumbersome, so switching over to an automated inventory management system will help you see the bigger picture.

I Want to Know More About Inventory Management

Work on Correct Data Insights

Having access to your sales data is one thing – understanding and making the fullest use of that data is something else altogether. Before strategizing your marketing efforts for Black Friday, reconsider your sales from the previous year and derive results from it.

For instance, it can be helpful to know how much of a particular item you have at any given time. But it’s also immensely useful to see that item’s demand during the holiday season. A repair shop owner must be aware of any changes to a product’s demand over time, across channels, between multiple stores, and so on.

Being able to spot the right trends or capitalize on time-sensitive opportunities is the perfect way to win this holiday season.

Maintain a Multi-Location Warehouse to the Cloud

Running repair stores at multiple locations can help you provide more affordable and faster shipping to customers and make region-popular items more accessible. However, it can be problematic when you transfer inventory items between stores and forget about noting it down.

That’s where RepairDesk can help you out!

Manage all of your stores effortlessly from a single platform, view important reports, know when you’re out-of-stock and where you need to order more products to create a win-win situation for your cellphone repair store. Get yourselves and the team ready with a FREE trial of our cloud-based POS system.

Sign Up for a 14-day FREE Trial!

Save Time by Automating Inventory Management

Several repair businesses are still stuck in the stone age. Some are one-store-specific, operating with Excel-based inventory management, which is inefficient. It can spell certain death if they do not scale up or automate rapidly while going online!

Inventory Management

Not only is it obsolete, tedious, and time-consuming, but the sheer potential for human errors is also staggering. In contrast, automation allows employees to track SKUs across all your stores while monitoring orders, returns, exchanges, and shipments for all your items; that too in real-time. Automation also makes it easy to perform routine tasks like generating barcodes, invoices, or purchase orders.

If you name your products and SKUs correctly, you will be able to standardize inventory management to a great extent. 

Build a Reliable Relationship with Vendors

It may seem like a no-brainer, but not building a good working relationship with your suppliers is also a widespread issue.

Finding a good and reliable repair parts vendor is a careful balance between consistency and someone who doesn’t charge a bomb. Luckily, we have recently gathered a list of the best cellphone/computer parts suppliers to help you find the best match and forget about everything else.

Tell Me About the Best Suppliers

If you’d like to make some savings yourself, check out our Black Friday offer on the RepairDesk Retail Toolkit. You’ll be getting a bunch of great hardware and software in one convenient package, saving big this holiday season. It’s the perfect time to get our toolkit and start your repair journey.

I Want the Black Friday Offer

If you’re looking for the best solution for all your repair store needs, consider signing up for RepairDesk. RepairDesk is an all-in-one repair shop management system that makes it easier for you to take care of everything at your repair shop. Create tickets, process invoices, collect customer signatures, order your inventory online, and book appointments right, all in one place.

Recent Posts

RepairDesk top malware removal software computers 2021 blog

The Top Malware Removal Software for Computers in 2021

Malware is a dangerous threat to any computer system. Whether you're running Windows or macOS or any distribution of Linux, you will need protection from some of the most egregious

Is the Under-Display Camera the Future of Smartphones? RepairDesk Blog

Is the Under-Display Camera the Future of Smartphones?

Innovation in the smartphone industry has been booming for the past couple of years. We went from including fingerprint sensors and facial recognition to having in-display fingerprint readers and folding

Shipping Rate Changes

Shipping Rate Changes in 2021 & How to Prepare for It!

Understanding your business’s cost structure and choosing the right strategy are crucial steps toward achieving your profit goals. Many pricing plans exist, which is why it may be wise to

Trends and Predictions

Trends and Predictions: What lies ahead for Repair Businesses in 2021?

If there’s one thing that we learned in 2020, it is the fact that the world can still be very unpredictable. Who’d have thought that there will be a pandemic

computer-repair-repairdesk

The Best Software And Tools For Computer Repair

If you’re in the computer repair business, you know how the daily grind goes. The task of dealing with a large number of daily tickets on Windows reinstalls, data recovery,

Samsung Galaxy S21 Leaks

Samsung Galaxy S21 Leaks: Here’s What to Expect! 

Samsung has big launch plans to unveil in 2021. Those exciting launches include expanding their foldable lineup and making the devices "more accessible." Making the new phones more accessible is likely

RepairDesk Round Up

RepairDesk Round-Up for the Year 2020

The year 2020 has changed so much about our lives, our businesses, and our goals, including how we used to communicate with each other. We all were on the same boat

best tech roundup 2020 repairdesk blog post

The Best of Tech in 2020 that Rocked our World

Well, it's finally here – we're all ready to say goodbye to the disastrous year that is 2020. While the year was horrendous for almost everything, it was actually a

Right to Repair Law in EU

A Step Forward in the “Right to Repair Law” for EU Consumers

A couple of years ago, it was common practice to get a manual for almost every tech product you bought. Whether it be a cellphone, a laptop, or any other

repairdesk 5 last minute tech gifts for christmas holidays blog post

5 Last-Minute Tech Gifts for the Christmas Holidays

The year-end holidays are a time for joy everywhere, but they're also very stressful. An essential part of the celebrations is the tradition of gift-giving. People exchange gifts with their


Ready to get started?

"Say goodbye to complicated ticket workflow and manual inventory management"

TRY FOR FREE

14 days Free Trial - No credit card required