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InventoryMADE SIMPLE WITH
XERO
Inventory
So, I 've got Xero, how do I know howto manage my inventory?
Should I do it in Xero? Or use an add-on?
TRY ONE OF THESE CHOICES
XEROU N T R A C K E D I N V E N T O R Y
Stock Nature The technical The business
Less than 100 items
Can be used to trackservices lines
Suited to ad hoc,custom inventory
No capacity to trackmultiple locations
No photographs in Xero toidentify stock
Journals are not posted torecord COGS, shrinkage
May create custom pieces
Can report categories ofitems sold
Does not carry a highvolume of stock requiringstocktakes
XEROT R A C K E D I N V E N T O R Y
Stock Nature The technical The business
Less than 100 items
Limited number ofsuppliers
Product lines are changedinfrequently
No capacity to trackmultiple locations
No photographs in Xero toidentify stock
All stock journals areautomated
Business does not createcustom items
Lower frequency oftransactions
No requirement for POSstyle receipts
VENDP O S W I T H T R A C K E D I N V E N T O R Y
Stock Nature The technical The business
High volume of stock
High turnover of stock
Retail stock, can also trackservices
Multi locations
Pricing tiers and loyaltyenabled
Register based
Shallow integration
Uses a retail environment
Needs stocktakingcapability
Needs an all roundpurchase ordering,inventory and POS
UNLEASHEDI N V E N T O R Y M A N A G E M E N T
Stock Nature The technical The business
High volume of stock
High turnover of stock
Complex ordering orInventory management
Multi locations
Posts sales, purchases andstock adjustments as theyoccur
High reportingfunctionality
Complex wholesalers
Businesses selling stocksusing different unitmeasurements
Offers pricing tiers
NEXT STEP
Do a stocktake Future plan An informed choice
How many line items?
How many transactions?
Identify your 5 trickiestcustomers and suppliers
How big do you want togrow?
Think new channels,markets and products
Ask questions
Get staff engagement
Get on with it.
I N V E N T O R Y M A N A G E M E N T
BUSINESS ADVISORS
(03) 9028 4005www.brambleandbriar.com.aucloud integration | cfo advisory