Inventory management is one of the most important factors in determining the financial health of a company. Intuitively managing your inventory and learning how to fulfill orders and receive shipments efficiently can be done with inventory control software. Inventory control software is the implementation of a system and a process that is designed to give immediate awareness and a broader view of your items. All of the information that you need is stored in a central database, which makes receiving, tracking, ordering, and organizing inventory less time consuming, more convenient, and more efficient. Efficiency saves time and money and reduces errors like over-ordering.
Controlling inventory is more than simply purchasing new product to replace old product. The idea of good inventory control is that you know what to buy, how much to buy, and when to buy it. Good inventory control software can give you this knowledge through better reporting tools. With its central database, the software is always aware of what is coming in and going out. With its data being updated and shown in real-time, the numbers are always current; no decisions will be made with obsolete information.
Surplus inventory is one of the largest costs facing today’s businesses. The cost of the products themselves, the loss of working cash, the expense of holding the inventory, and the cost of labor to control the inventory can eat away at bottom-line profits. Effective inventory control software give you the ability to follow the inventory from the point it enters the warehouse to the point it gets shipped out the door; and even in tracking RMAs and returns.
Intuitive inventory planning involves automation. The software can be set up to send out an alert if something happens – a floor supervisor can get an email when an inventory item hits its safety stock level or a manager can be alerted when a specific company places an order over a certain amount of money. The software’s alerts and reports can be customized to fit your needs and will keep you apprised of every inventory situation you deem important. Having this knowledge will allow you to take action when necessary without obsessively watching the numbers. You and your staff can create better strategies to reduce costs and identify opportunities to gain customers and grow.
Would you like to learn how to use inventory control software to manage your inventory more intuitively? To learn more about how Southeast Computer Solutions’ technical expertise can help your company gain an edge with intuitive inventory management, contact us today.
About Southeast Computer Solutions
Southeast Computer Solutions is based in Miami, Florida, and has additional operations in Mexico. For over 30 years, we have positively impacted the success of small and mid-sized businesses with effective business management implementations that improve our clients’ operations. We listen, we are accessible, and we care. Learn more by visiting our website or calling 305-556-4697.