Inventory management is a vital management challenge for all organizations, no matter their size or nature. The general goal of this blog is to evaluate inventory management techniques, as well as the challenges and solutions of the Nutritional Supplements Industry.
“Turn a Hefty Profit in your Supplement Business with Odoo Inventory Management Apps.”
Year by year, people are getting serious about their health. It gives the supplement industry a big reason to expand and grow. As per the research, the supplement industry is expected to reach $272.4 by the year 2028. The major growth in the nutritional supplement industry is looking to enter the profitable business by selling products offline and online.
Managing supplement products online or offline requires a proper inventory. Supplement inventory management is the need of entrepreneurs looking to grow their health and supplement businesses.
The Growing Nutritional Supplements Industry
Every aging person is using supplements in any way or other. The demand for supplements is increasing day by day. Supplements are purchased on a regular basis; therefore, there is a high demand for supplement inventory management.
Nutritional supplement inventory management becomes difficult with so many brands, mixes, and components. This challenge can be rectified with Odoo ERP Inventory Module Implementation.
But, first, let’s see the inventory management challenges of the supplement industry.
Challenges & Solutions of Inventory Management in the Supplement Industry
In this section, we will discuss the challenges supplement industries faces on a daily basis and how Ksolves Odoo Inventory Management Apps can smoothen the entire process.
Tracking Inventory with Live Data
Every finest company thrives on engagement and customer loyalty. They develop a consumer base that returns month after month. Supplements are frequently re-ordered when your customer’s supply is getting low, and they want your products as soon as possible. Making sure your inventory is constantly available will keep customers from seeking rivals for comparable items.
Tracking inventory data becomes complex when you do not have a proper tool.
Odoo ERP Inventory Module helps supplement industries to keep records of their quantities, selling items, and more. Moreover, you can convert your clumsy inventory data into beautiful charts for easy readability.
Ksolves Odoo Inventory Dashboard Ninja App is an ideal solution for supplement companies looking to manage their inventory. With this app, you can represent your inventory charts before your teammates. It will help you to build better strategies for staying competitive in the market and can gain customer loyalty.
You can showcase your inventory data in beautiful charts as given below:
→Note: If your inventory is updated from the backend, the data will automatically update at the front end. This is how you can keep track of your inventory live data.
Features of Odoo Inventory Dashboard Ninja
- Display Count Delivery Orders
- Display Count of Alert Expiry
- Display Count of Inventory Receipts
- Display Inventory Reports
- Display Total Inventory Quantities
- Display Inventory Valuation
- Display Top selling items, and many more.
To know more about the other features and FREE DEMO, visit our page!
Quality Check On Inventory Arrival
Being in stock is insufficient to establish a long-term engagement with your community. Customer retention is critical in the supplements market, and it begins with developing a trusting and reliable connection. This can be possible by supplying the right products with proper quality checks. If the quality of the product is not checked properly, it can affect a brand’s reputation.
With the implementation of Odoo ERP, you can manage the inventory with large incoming shipments. However, in default Odoo ERP, there is no function to add quality checks or tests.
If you need to set the status of the quality check to pass or fail, you can do it through Ksolves Odoo Inventory Quality Check App.
Our Inventory Quality Check app will help you create Quality Teams, Quality Centers, Quality Checks & Alerts for the Inventory. If the Quality Check is failed, the Alert will be generated, which will be resolved by the Quality Teams.
Being in the supplement manufacturing industry, supplement inventory management is crucial. You can ensure what you are providing to your customers with the right Quality checks for Inventory.
Features of Odoo Inventory Quality Check
- Create Quality alerts for Inventory
- Create Quality teams for Inventory
- Create Quality centers for Inventory
- Create Quality checks for Inventory
- Get Automatic quality alerts
Take FREE DEMO now and maintain the quality of your Inventory with our Quality Check app.
Multi-Company Inventory Transfer
The relocation of physical inventory goods from one warehouse site to another is known as an inventory transfer. Currently, the organization hosts multiple companies to market its goods. They need a centralized inventory management solution that can keep track of their multi-company inventories.
Odoo ERP provides an Inventory Module for the supplement industry to manage their data effortlessly. However, with the default Odoo Module, a user cannot:
- Move product inventories across companies in a single step, but have to follow multiple steps.
- Transfer product inventories between multiple companies.
Ksolves Multi-Company Inventory Transfer App allows customers to transfer items between several warehouses of the same company and between warehouses of multiple firms in a single step. It also helps companies to observe inventory movements.
Features of Multi-Company Inventory Transfer
- Single-step transfer of inventory
- Detailed Multi-company inventory transfer logs
- Feature of viewing the details of the inventory transfers
Take a LIVE PREVIEW now and manage your multiple supplement companies’ inventories with our Odoo app.
Managing the inventory for the Nutritional Supplements Industry is mandatory to grow in the market. Having a loyal customer base is essential for building a brand name. The right ERP software is an ideal solution for Inventory management challenges. The Odoo ERP provides an inventory module to the users to manage and control their inventory from anywhere at any time. Ksolves Inventory Management Apps will help a supplement industry to improve customer retention and engagement rate.
Need assistance with Inventory Management? Consult with Ksolves at:
Call: +91 8130704295
Frequently Asked Questions
1. Why Supplement Industry requires Inventory Management?
The demand for supplements is increasing day by day. The supplement industries need to maintain inventory so that they can fulfill the market demands. With the help of the Odoo ERP Inventory Module, you can control and manage inventory easily. Click here to know more!
2. How do Inventory Apps streamline supplement business processes?
Inventory management is something that can be continually improved to provide a more effective result for the organization. Moreover, streamlining inventory management processes is critical to obtaining efficient inventory control. Achieve effective inventory management with Ksolves Inventory Apps for Odoo.
3. How to transfer product inventories between multiple companies?
Customers may use the Ksolves Multi-Company Inventory Transfer App to move products between multiple warehouses of the same company as well as many warehouses of other companies in a single step. It also assists businesses in tracking inventory movements.