Rackbeat: Cloud-Based Inventory Management for Small and Midsized Enterprises

Efficient and structured inventory management is the core of any successful business with a physical product at its center. Without a polished overview of your inventory, you waste a lot of time and resources finding the right items for your orders, and you risk ordering goods too late – or too many that you can’t sell.

Therefore, companies of all sizes must optimize their inventory management. And the best way to do this is with a cloud-based inventory management system, as it automatically updates your inventory as soon as a purchase, sale or order has been registered. This way, you eliminate unnecessary costs, minimize errors and create a smooth workflow from purchase to delivery with efficient inventory management.

Inventory Management: Why It's Important

Inventory management is an essential component in your company’s supply chain and daily operations. Boiled down to the basics, inventory management consists of monitoring, controlling, and organizing inventory items from purchase to sale.

Inventory management includes functions such as tracking inventory levels, order management, receiving items, counting, recording item movements, forecasting demand, and more. Optimal inventory management particularly helps to reduce excess inventory and stockouts, leading to better operational processes and a stronger bottom line for your company.

Effective inventory management ensures that:

You have the right amount of goods available at the right time

Your costs are minimized

Customer satisfaction is maintained

Your storage space is optimized

Why Rackbeat's Inventory Management System?

Rackbeat’s main goal is to make inventory management as hassle-free as possible. Our user-friendly inventory management system allows you to have full control over your inventory and supply chain, and tailor your product listings to fit your workflows. Specifically, Rackbeat optimizes your inventory management by providing you with:

Real-time Updates on Product Movements

When a purchase, sale, an order or booking is approved, the inventory system will automatically update the inventory for all products that have moved from one position, or status, to another. You will thus always be able to get a snapshot of what you have in stock, on its way to the warehouse or shipped to the customer.

Reordering Reminders

To avoid backorders, you can set a minimum inventory level for your items in the system. As soon as the inventory for a given product reaches this number, you will receive a reminder that it’s time to order more for your warehouse. And you can even calculate your minimum inventory level by looking at your purchase and sales reports in Rackbeat.

Purchasing Management

You then receive a reordering reminder, telling you that you need to stock up on a specific item. Fortunately, you can do this immediately, as you can place an order with one of your suppliers and set a desired delivery date in the inventory system. Afterward, you can follow the status of your purchase order in the order overview and register the items when they arrive at the warehouse.

Location Management

A lot of time can be saved on order handling and registering item movements when you have a digital overview of your item locations. You can create all the warehouse locations you need, and divide the individual locations into levels, so you always know how much you have lying in each section of your warehouse.

Inventory Management - And All the Other Features

Rackbeat elevates your inventory management to a whole new level by not only focusing on inventory, warehouse locations and purchases but also by offering a comprehensive package of features that put your business in the driver’s seat for optimal growth.

You can also integrate the inventory system with your other applications, such as the webshop and accounting system, send your invoices to the customer, handle orders, optimize your production and much more.

We have created an overview of Rackbeat’s most important features to give you an insight into how many areas are directly or indirectly affected by your inventory management.

Optimize Your Business with Integrated Inventory Management

When you link your inventory management with other business systems, such as the accounting system, webshop, shipping system, and point-of-sale (POS), both your inventory management and your general workflows will become much more efficient. The seamless connection from inventory management out to your other vital tools ensures a frictionless flow of information between departments. Integrated inventory management results in improved inventory accuracy, minimized costs, better order handling, and optimized customer service.

Are you ready to discover how integrated inventory management can elevate your business? Explore our wide range of integrations and find the perfect partners to help you achieve flawless and improved operations. Visit our integration page to learn more about how you can make your inventory management even stronger.

See Our Integrations

Try Efficient Inventory Management for Free

You can try Rackbeat’s various features for 14 days – completely free and without obligations. When you sign up for a free user, it’s recommended that you tick the “Create with demo data” box. This way, you don’t need to spend time creating your own products, suppliers, sales orders, invoices, etc., but can instead focus on getting a thorough understanding of how the system can help your business.