One of the many roadblocks for rural enterprises has been stock’s mismanagement. The word “Stock Inventory” includes all the finished goods ready for sale. Thus, stock inventory’s management becomes a continuously changing complicated task which needs precise supervision. Unfortunately, the majority of rural sellers are unable to board every minute detail of their stock’s movement.
Some of the major issues faced by rural entrepreneurs are:
- Inadequate stock visibility
- No or insufficient management software
- Issues in tracking defected and waste inventory
- Lousy order management
- Poor communication
- Overstocking
The above-mentioned issues arise for one single loophole - Traditional manual inventory management systems. Due to recurring errors and lengthy processes they often lead to losses. This situation negatively impacts a seller’s reputation, gradually diminishing its value.
Samriddha Gram envisions resolving these issues with help from the technical giant of Patanjali - Bharuwa Solutions Pvt. Ltd. B-POS (Bharuwa-Point of Sale) is an Enterprise Resource Planning system which aids businesses precisely track stock movements, get real-time updates on inventory visibility and make data driven decisions. From resource allocation to end sales B-POS helps businesses keep up with every aspect of their daily activities. Reduced waste, improved flexibility, minimized costs, greater efficiency and better goodwill are some of the short-term benefits of using B-POS.
However, rural entrepreneurs are closely connected to their traditional practices. We plan on educating them about the use and perks of a digitized stock inventory system. Although, we cannot expect overnight change yet gradual empowerment will lead to positive transformation.
The significant reasons to use B-POS are:
Convenience - Simplifies transactions by accepting various payment methods, including cash, cards, and digital wallets.
Financial Inclusion - Allows users to open bank accounts, apply for loans, and access other banking services.
Record-Keeping - Helps in maintaining digital records of transactions, which can be useful for accounting and taxation purposes.
Inventory Management - Assists in tracking stock levels and sales, preventing overstocking or understocking.
Enhanced Security - Offers secure transactions with digital payment methods.
Business Growth - Provides access to credit and capital, enabling business expansion.
Market Access - Enables access to a wider customer base through digital payment acceptance.
Our training focuses on empowering participants through the use of B-POS. They are trained and guided to use the software in the best possible manner subjective to their enterprise. Participants are mostly members of women-led SHGs who are directly involved in the production and sales of products. After the training, they are supported through our CRM assistance team. It provides them regular updates, technical assistance, online educational resources and consistent guidance on numerous aspects of business processes.
Overcoming endless hurdles, Samriddha Gram is directing rural entrepreneurs towards growth and progress. Starting from Himachal Pradesh, we have enabled people to self - manage their stock inventory across India. It is only a matter of time until we completely digitize our rural economy, opening new doors of revenue.