It’s High Time to Automate Your Inventoryby Deepti Gaur Digital marketing Specialist
Sometimes we underestimate the technology that makes complicated task easier for the human kind. Automated Inventory Management Software is one such product that most businesses are avoiding as they are more comfortable on relying on traditional excel sheets to do the math.
With so many technological advancements changing the dynamics of our lifestyle, there are still certain aspects of our professional lives where we are bounded by traditional practices. Inventory management is one such process we are comfortable to weave around conventional tools – books keeping or maintaining Microsoft excels sheets. With AI taking snuggling in to our homes, managing the daily chores, there can’t be any right time than present to automate the inventory with best online inventory management software and watch the business growing folds. Not only it will technologically update the business operations, but it will save big time on work hours, finances resulting in improved productivity.
Move on from Microsoft Excel
Microsoft Excel fueled the workplace, by reducing the manual entries and book keeping. Most of all, it was easier to manage as adding numerous sheets was easier. Since we are moving ahead with the automation, excel efficiency is certainly not enough to ensure faster and easier inventory management. It still needs manual Updation to that specific product row, price column in that specific sheet every time there is any update in the stock. Why would anyone like to spend extra long hours in finding that particular field (out of hundred others) to update when the quick scans of barcodes and warehouse access through bio metric systems has already facilitated the smart work? Custom Inventory Management Software is an automated system that can quickly transport data to the system, through new age scanners.
Update the stock
Turning away the customers or new business opportunities because the stock shelf is not updated with latest trends or because the warehouse is still waiting for re-stock is the only bad thing that a business can do to itself. The best inventory management software will keep the charts updated about which products will soon need restocking or replacement. Also, the custom software can help in analyzing what change in trend should be introduced at the approaching time of the year.
Watch Your Carrying Costs Fall
Inventory management is not limited to calculating quantity of products in stock, keeping the track of overstocking, recording the sales and costs. There are other expenses as well like warehouse maintenance costs, electricity costs, transportation charges and other miscellaneous expenses. Custom software development companies, help businesses in maintaining the equilibrium and as well as utilizing the company resources to the fullest.
More savings, more revenue
With proper management of resources spent, cost saving is an easy home coming. It would assist in generating high revenues, which would also mitigate the cost bearings to build up more impressive infrastructure.
Impressive tool assistance
You can install advances measures that would reduce the time involved in adding products to the warehouse shelves. Gadgets like electronic readers that read the printed barcode labels and QR codes on the product, also called barcode scanners are quicker, faster, and accurate in Scanning, decoding, create, share the QR code or barcode and also facilitate reorder points, minimizes carrying costs and best of all, optimizes warehouse layout.
Created on Nov 27th 2017 05:03. Viewed 125 times.