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Better inventory management gets Moove Industries moving

28 September 2023

Read how MYOB Advanced Business offers the integration and inventory management to supercharge Moove Industries' growth.

two-men-walking-through-warehouse

100% Australian-owned and operated Moove Industries provides leading manufacturers across Australia with premium abrasives, cutting tools, welding and safety equipment.

The competitive market and a growing business meant Moove needed a more comprehensive management system. MYOB Advanced Business offered the integration and better inventory management the company needed to supercharge its growth.

Since its inception in 2008, founder Ray Taylor’s goal has always been for Moove to deliver the best possible prices, without compromising on service. When the business was smaller, they could do that easily, relying on strong relationships with specialist international factories to negotiate discounted pricing.

The existing business system, MYOB AccountRight Premier, was designed for a much smaller business. So, while it had suited the company at first, the system began to hinder efficiency as Moove expanded.

To work around its limitations, Ray would manually manipulate forecasts in spreadsheets – but as the business continued to grow, he knew it was time for a change. 

Inefficient ordering, a lack of inventory data

Without up-to-date data on multiple-currency costs and stock information, it was difficult to ensure they weren’t under or over ordering. This inefficiency increased costs across the business and affected the final price offered to clients.

The sales team was also lacking 'anywhere-access' to up-to-date, accurate inventory information. They were, essentially, negotiating blind, which had the potential to erode minimum margins and impact on profitability. This, plus the extra manual work Ray was putting in, meant potential for errors quickly began to undermine his business.

"We just needed better inventory control and better support for multi-currency – the previous system just couldn’t do that.”

- Ray Taylor, Founder, Moove Industries

Seamless automation, real-time information

Ray looked at a number of options, but chose MYOB Advanced Business because it was cloud-based and offered an end-to-end, scalable solution. With just the right functionality for Moove, it also came without the inflated price tag.

“We have found that MYOB Advanced is not only feature-packed, but also is able to grow with our business,” says Ray.

The big selling point was MYOB Advanced Business’ inventory management, which lets Moove calculate all import and landed costs accurately and automatically. Cloud-based Advanced would also let his sales team securely access information from any internet-connected device.

Better efficiency, faster growth 

Ray says MYOB Advanced Business’ integration and inventory management capability has dramatically improved Moove’s stock control. With timely access to data, the sales team is bringing in far more completed sales, without a reduction in profit margins. 

Ray has since doubled his sales team and opened a second office – something made simple thanks to MYOB Advanced Business’ flexibility and integration. 

“We opened our new warehouse in Melbourne, and MYOB’s multi-location was set up and ready to go in a few clicks”

- Ray Taylor, Founder, Moove Industries 

With most manual work eliminated, Ray can focus on the company’s future – and his plan for unstoppable growth.  

Before MYOB Advanced Business

After MYOB Advanced Business

Difficult inventory management led to cost inefficiencies 

No access to accurate, timely pricing meant minimum margins were being eroded 

No 'anywhere access' to business information 

No scalability  

Seamless inventory management means warehouses always have just the right stock 

Realtime access to pricing information equips sales team to make more sales with better profit margins 

Cloud-based for access from anywhere, any time 

Already proven scalability 

 

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