Better inventory management gets Moove Industries moving
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 offered the integration and better inventory management that would 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. Sales people were 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,” says Ray.
"We just needed better inventory control and better support for multi-currency – the previous system just couldn’t do that."
Seamless automation, real-time information
Ray looked at a number of options, but chose MYOB Advanced 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’s 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.
"We have found that MYOB Advanced is not only feature-packed, but also is able to grow with our business"
Better efficiency, faster growth
Ray says MYOB Advanced’s 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 Advanced’s 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,” says Ray.
With most manual work eliminated, Ray can focus on the company’s future – and his plan for unstoppable growth.
"We opened our new warehouse in Melbourne, and MYOB’s multi-location was set up and ready to go in a few clicks."
- 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