Out of stocks and overstocks occur when a company uses manual methods to place orders without having a full grasp on the state of their inventory. Mis-shipments are a direct result of mis-picks at the beginning of the inventory process, and are also a result of a lack in quality control procedures. Mis-picks result from incorrect paper pick lists, disorganized shelf labels, or just a messy warehouse in general. Without it, you risk a litany of mistakes like mis-shipments, out of stocks, overstocks, mis-picks, and so on. When your inventory is properly organized, the rest of your supply-chain management will fall into place.
Inventory management is the fundamental building block to longevity.
INVENTORY MANAGER SOFTWARE
They often come with the ability to integrate with other software systems – point of sale, channel management, shipping – so you can build a personalized integration stack to the needs of your unique business. Unlike an ERP system, an inventory management system focuses on one supply chain process. Some companies may opt to scan in inventory via a barcode scanner to increase efficiency along pick routes and accuracy. The goal of inventory management systems is to know where your inventory is at any given time and how much of it you have in order to manage inventory levels correctly. Inventory management is a step in the supply chain where inventory and stock quantities are tracked in and out of your warehouse. The importance of inventory management simply cannot be ignored.
INVENTORY MANAGER HOW TO
With new warehouses opening every day, the amount of people in need of proper inventory management processes grows in congruence with the amount of people who don’t know how to manage them.