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Optimise your stock control with MYOB inventory management

Gain visibility, reduce stockouts, and streamline inventory processes with support from COGTEK.

Australian businesses
Keeping track of stock can feel like juggling flaming torches; one wrong move and everything can come crashing down. Whether you’re running a busy warehouse or managing a retail store, efficient stock control is the secret sauce that keeps things running smoothly.
 
Enter MYOB inventory management. This powerful tool is designed to simplify your inventory processes, giving you clearer insight and better control over what’s coming in and going out. Let’s explore how it can transform your stock control game.
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How does MYOB inventory management improve stock accuracy and reduce waste?

One of the biggest headaches in stock control is inaccurate data, thinking you’ve got more items on hand than you actually do, or ordering excess stock that just gathers dust. Inventory management helps you ditch those headaches with automatic real-time tracking that updates every sale, delivery, or return.

By setting automated reorder points, the system keeps a close eye on stock levels and sends alerts before you hit critical lows. That way, you never get caught short or stuck with surplus goods that tie up your cash flow. Plus, it syncs seamlessly with your sales and purchasing processes, so your stock levels and orders are always aligned.

On top of that, this system helps you reduce waste by giving you better control over expiry dates and product batches, making sure older stock moves out first and nothing slips through the cracks. Smart, efficient, and stress-free, that’s stock control done right.

What reporting and insights can MYOB provide to optimise stock control?

Data is only useful if you know how to read it, and inventory management hands you the keys to the kingdom. Customisable dashboards let you see your stock levels, turnover rates, and slow-moving items at a glance. No more digging through endless spreadsheets!

With these insights, forecasting demand becomes less guesswork and more strategy. You can spot trends before they happen and adjust your purchasing and storage to match. This means less waste, better cash flow, and a warehouse that’s lean, efficient, and ready for whatever comes next.

The system’s reporting tools also help identify inefficiencies in your supply chain or storage processes, giving you actionable tips to keep your stock management sharp and cost-effective. It’s like having a stock control expert in your corner, 24/7.

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How can COGTEK help you get the most from MYOB inventory management?

At COGTEK, we know every business is unique, and so is its inventory. That’s why we don’t just install MYOB and call it a day. We, as a MYOB Acumatica partner, tailor the system to fit your workflows, industry specifics, and growth plans.

From initial setup to hands-on training and ongoing support, COGTEK makes sure you and your team get comfortable and confident with the platform. Need integrations with other business tools? No worries. Looking for customised reports or automation workflows? We’ve got that covered too.

Our goal is simple: help you unlock the full power of our inventory management system so your stock control runs like clockwork, and you get back to focusing on growing your business.

Ready to optimise your stock control with MYOB inventory management?

Contact COGTEK today to find out how MYOB can simplify your stock processes, improve accuracy, and help your business run smoother.

FAQs

Answers to the most frequently asked questions.

Can MYOB help track expiry dates or product shelf life?

Yes, MYOB includes features to track batch numbers and expiry dates, which is crucial for industries like food, pharmaceuticals, cosmetics, and any business dealing with perishable or time-sensitive products. This functionality helps ensure that older stock is sold or used before it expires, reducing waste and potential losses. It also supports compliance with safety regulations by maintaining clear records, making audits and quality checks much easier and less stressful.

Is MYOB suitable for businesses with multiple warehouses or store locations?

Absolutely. MYOB is designed to handle multi-location inventory management seamlessly. Whether you operate several warehouses, retail outlets, or distribution centers, it lets you track stock levels across all locations from one central dashboard. This consolidated view means you can optimise stock distribution, avoid overstocking or stockouts at any single site, and make smarter purchasing decisions. Plus, it helps streamline transfers between locations and maintain accurate reporting for each site, improving overall operational efficiency.

How long does it take to set up MYOB for an established business?

The setup time can vary depending on the size of your business, the complexity of your existing inventory data, and any customisations needed to fit your unique workflows. Typically, businesses can expect to go live within 4 to 8 weeks. This includes data migration, system configuration, and user training. A phased rollout approach is often recommended to minimise disruptions and ensure your team gets comfortable with the system gradually. Partnering with experts like COGTEK can speed up this process and ensure a smooth transition with ongoing support.