INVENTORY MANAGEMENT SOLUTIONS

Which products are selling and which are simply taking up shelf space

Inventory
Control

is one of the most time-consuming tasks facing many organizations today. It’s a complex process, yet essential for operations. One mistake can wreak havoc on the supply chain for miles and months to come. Basically, it’s a big disaster waiting to happen and one that you want to avoid at all costs. The key, of course, is effective and precise control over your inventory.

Inventory
Management

is much simpler these days thanks to the ability to automate inventory control processes. Early retailers managed inventory control manually, with regular counts to ensure accuracy and paper-and-pencil tracking methods. It’s not difficult to see the massive margin for error – and if you’ve ever manually counted inventory for a retail store or a similar setting, you’re all too familiar with the level of frustration involved in such a task. Asset tags, inventory control tags and barcode labels put the “management” back in inventory management.

TRUE COST OF INVENTORY MANAGEMENT

The signs of poor inventory management are hard to miss. In addition to high inventory costs, companies with poor inventory management often experience:

SYMPTOMS OF POOR INVENTORY MANAGEMENT

THESE SHORTCOMINGS ARE

often blamed on the company’s software system (or lack thereof). Because most companies do not have a person directly responsible for managing inventory or inventory-related issues, employees don’t know who to blame for the problems they are experiencing. This results in low employee morale, frustration with the broken inventory system, and a potential loss of customers to competitors who know what they are doing when it comes to inventory management.