A Retail Inventory Management Software is essential for growing retail businesses in Nigeria that need real-time visibility into stock levels, sales performance, and profit margins.
Founded in 2023, Bumex Unique Enterprise quickly emerged as a growing player in Nigeria’s retail sector, specializing in the sale of raw foodstuff and essential consumer goods. As transaction volumes increased, the business required better visibility into inventory movement, sales performance, and profit margins.
Initially, Bumex relied on a foreign (British) Retail Inventory Management software solution for inventory and accounting management. However, operational inefficiencies and limited support soon exposed gaps that hindered day-to-day retail operations.
“Our previous software made it difficult for us to account for sales, upload inventory items, and monitor profit and loss margins effectively. Customer support was also slow to respond.” — Bunmi Oluwole-Ajayi, CEO
The Challenge: Retail Inventory and Profit Visibility
For a fast-moving retail business, inventory accuracy and pricing visibility are critical. Without reliable retail inventory management software, Bumex Unique Enterprise struggled with inventory accuracy, sales reconciliation, and profit margin visibility. Bumex encountered several challenges with its existing system:
Despite internal efforts to manage these limitations, the software was not suited for the realities of Nigerian retail—where speed, accuracy, and responsiveness are essential.
Simplify the sales process for faster transactions
Enable real-time inventory and sales tracking
Improve profit margin monitoring for better pricing and purchasing decisions
The Transition to Lumi Business
After internal reviews and stakeholder discussions, Bumex decided to migrate fully to Lumi Business, concluding that their previous software could no longer support their retail growth.
The transition process was smooth. Lumi Business provided hands-on onboarding and responsive customer support, including training sessions that helped the Bumex team:
Upload and organize inventory efficiently
Access discount and pricing features
Understand real-time dashboards and reporting tools
This ensured minimal disruption and immediate operational improvements.
Results: Improved Retail Inventory Accountability and Profit Tracking
By adopting Lumi Business as its retail inventory management software, Bumex gained real-time insight into inventory movement, sales performance, and profitability., Bumex has experienced significant gains in operational efficiency and financial control.
“Selling has become so much easier with Lumi compared to our previous software. Lumi Business allows us to track our goods and profit margins in real time. The seamless integration of payment and inventory management stands out as a major advantage, simplifying our daily operations.” — Bunmi Oluwole-Ajayi, CEO
Key Improvements Achieved
Enhanced inventory accountability: Stock movement is now tracked accurately, reducing losses and discrepancies
Improved profit margin monitoring: Real-time data supports smarter pricing and restocking decisions
Simpler sales management: Faster checkout and clearer transaction records
Bumex also credits Lumi Business’s responsive support team as a major contributor to their successful transition.
“The Lumi Business customer support team is quick to resolve any issues and extremely supportive whenever we reach out.” — Bunmi Oluwole-Ajayi, CEO
Inventory Tracking with Real-Time Visibility
Inventory tracking is widely recognised as a core requirement for modern retail operations. According to a Shopify guide on inventory tracking, having accurate, up-to-date stock data helps businesses reduce stockouts, avoid overstocking, and make better purchasing decisions based on real sales patterns.
Effective inventory tracking is critical for retail businesses dealing with fast-moving foodstuff and fluctuating purchase prices. Without accurate stock records, retailers risk stockouts, overstocking, and misaligned profit calculations that affect daily cash flow.
With Lumi Business, Bumex Unique Enterprise gained access to real-time inventory tracking that automatically updates stock levels after every sale. This ensures that inventory data reflects actual sales activity across the business, reducing discrepancies between physical stock and system records.
The inventory tracking feature also allows the team to monitor stock movement trends, identify fast-selling items, and plan restocking more accurately. By maintaining consistent visibility into inventory levels, Bumex is able to reduce waste, improve accountability, and make better purchasing decisions that directly support profitability.
Why Real-Time Retail Inventory Management Matters for Foodstuff Businesses
For growing retailers in Nigeria, a retail inventory management software like Lumi Business is no longer optional but essential for operational efficiency and sustainable growth.
For retailers like Bumex Unique Enterprise, managing fast-moving goods requires constant visibility into stock levels, pricing, and sales performance. Without real-time data, retailers risk stockouts, over-purchasing, expired goods, and inaccurate profit calculations.
Retail inventory and sales management becomes even more critical when businesses deal with fluctuating prices, bulk purchases, and daily cash-and-carry transactions. Having a system that automatically updates inventory after every sale helps ensure that stock records remain accurate and aligned with actual sales activity.
With Lumi Business, Bumex can monitor inventory movement and profit margins in real time, enabling the team to make faster restocking decisions, reduce losses, and maintain tighter control over daily operations. This level of visibility supports better planning, stronger accountability, and improved long-term profitability for retail businesses operating in Nigeria’s dynamic food market.
Conclusion
For Bumex Unique Enterprise, migrating to Lumi Business transformed how the business manages retail inventory, sales, and profitability. By replacing an ill-fitting foreign system with a platform built for Nigerian retail businesses, Bumex gained real-time visibility, stronger accountability, and improved operational efficiency.
As the business continues to scale in Nigeria’s competitive food retail market, Lumi Business remains a key operational partner, supporting growth with reliable inventory, sales, and profit management tools.
