There are two main benefits of having this information. The first is that you remain informed on the state of your business from an incoming and outgoing stock perspective. Knowledge is power and having all the information at your fingertips gives you the power to proceed correctly.
The second benefit comes right out of the first, and that is informed decision-making. When you know what is happening, you are acutely aware of business facets in which everything is going well and those that require some form of action. The said action can be taken from an educated standpoint, which minimizes waste and improves efficiency.
If some of the items in stock are running low while others have high quantities, you would not want to reorder a large amount of everything. The information you get from the system would help you know where reorders are necessary. This is just one common example of how you can benefit from consistently current stock insights.