Many shop owners stick to pen and paper because it feels free and simple. However, the hidden costs of manual inventory management can eat into your profits in ways you don't see immediately.
1. The Cost of Overstocking
Without real-time data, you guess what to order. This often leads to buying too much of the wrong product. That capital is tied up on your shelf, gathering dust, instead of working for you.
2. The Cost of Stockouts
Conversely, running out of a popular item means lost sales. Worse, it means lost customers who go to your competitor and might stay there.
3. Time Theft
Spending hours every week physically counting stock is a waste of your valuable time. That time could be spent marketing your store or negotiating better deals with suppliers.
4. Theft and Shrinkage
Empirical evidence suggests that employees are less likely to steal when they know every item is digitally tracked. Manual systems make it easy for inventory to 'disappear' unnoticed.
Switching to a digital system like NammaBill illuminates these dark corners of your business.