Expression of Interest: Inventory Management feature

[Steven_M]

Hi everyone,

Exciting news for product-based businesses, MYOB is working on new premium features to help you manage your inventory directly from MYOB Business. 

We are looking for candidates to become the first to uptake on this new feature, help deliver input and feedback on inventory through an early adopter program (EAP).

We will be releasing our first 4 new Inventory features on the browser:

• Ability to track inventoried items (stock on hand, cost and value)
• Ability to sell inventoried items
• Ability to buy inventoried items
• Ability to create inventory adjustments

You can register your interest here.

While all participants will be considered, our ideal candidate for this early adopter program are in the retail business (wholesaler and manufacturers keep tuned for news later on).

About the program

We have been getting a lot of interest from our customers who are loving the latest updates to MYOB Business and are now looking for more: adding inventory capabilities. Currently, we are planning to start the Inventory EAP March 2022.

What is the Inventory premium feature?

Our new Inventory features provide better control to your business operations, knowing what you have in stock, what you can sell to your customers, and forecasting the supply chain (no stock-outs), the backbone of a product-based business like yours!

Key benefits of an inventory management system are:

• Achieve efficiency and productivity in operations, ie maintain the right amount of stock to maximise cashflow
• Minimise inventory costs and maximise sales & profits, ie understand your carrying cost (like shrinkage or storage fees) and the margin of each product
• Integrate your entire business, ie centralise your stock on hand (SOH) information among 5 different sales channels
• Automation of manual tasks, ie reordering stock that is low
• Maintain customer happiness, ie avoid overselling or tracking goods delivery status

Join our Inventory Premium Features EAP and help us shape up the future of Inventory Management on MYOB Business.

Warm regards,

Bruno and the Inventory Management team