The Inventory Management Process
Increased Employee Efficiency
Good inventory management solutions save time. Less time spent on managing inventory results in greater productivity for you and your clients.
Improved Delivery Performance
Real-time inventory updates improve the flow of goods to customers.
Increased Inventory Turnover
Optimize the value of goods you have and increase inventory turnover by keeping fewer slow-moving products on hand, while increasing your stock levels on profitable goods.
Lower Costs
Effective inventory management practices help result in decreased inventory write-offs, plus lower inventory holding costs
Increased Customer Loyalty
Improve your accuracy and efficiency, and your customers will love you for it
Decreased Stock-Outs
Businesses who actively manage their inventory report a 10-25% decrease in stock-outs
Accurate Planning
Stay steps ahead of the game and always have the right amount of products on hand by making decisions based on inventory trends
Increased Sales
Actively Manage
Increased Information Transparency
know when you need to order more, when you’re over-stocked, or under-stocked
Know when items are received, picked, packed, shipped, kitted, manufactured, etc.
Shorter Lead Timese
Businesses who actively manage their inventory report a 50% reduction in lead times.
Improving your invenyory
1. Don’t miss sales due to out-of stock items
2. Don’t waste cash in overstocked inventory
3. Improve the accuracy of your accounting and profit reporting
4. Identify issues before they get out of control
5. Customer service
6. Efficient re-ordering
7. Minimize theft and losses
8. Trust in your information systems
9. Minimize warehouse costs
10. Efficient stock take and end-of-year process