The year is almost over, and right now is a great time to make a New Year’s resolution to get your company into even better shape than it has ever been in. There’s no time like the present to cut out unnecessary and potentially wasteful expenses and take your business to the next level by using inventory management software.
It can be like a fresh start for your company as you do two things to really change things for the better:
- Use Automatic Reorder Points
- Empower Employees with Barcode Scanners
Automatic reorder points allow you to maintain the ideal inventory quantities in your warehouse to avoid extremes at both ends of the spectrum of inventory stocking. Empowering your employees to get more done with their time is accomplished by allowing them to use more advanced tools in the warehouse. You will be impressed by the results as you turn over a new leaf and start using the right tools to transform your business into something new and dynamic. We will now analyze these more closely.
USE AUTOMATIC REORDER POINTS
Using inventory management software, you can increase efficiency and reduce wasted resources and lost opportunities. No more stockpiling poor-selling products or running out of bestselling products. You’re going to run a lean, mean money-saving machine.
Keeping too many products in your warehouse makes your business weaker by tying up your working capital in underperforming assets. You need to get your business on a healthy diet and a strenuous workout program to eliminate inefficiencies.
Work on reducing your inventory levels to only what you need in the short term. Holding fewer products in your warehouse frees up your capital and helps you reduce product spoilage and obsolescence.
EMPOWER EMPLOYEES WITH BARCODE SCANNERS
Your employees’ time is precious. Every minute that they spend wandering through the warehouse looking for misplaced products or struggling to navigate a labyrinthine inventory database is a minute they could be spending on more productive activities. You can help them make even better use of their time by giving them barcode readers and access to a powerful inventory management solution that will keep them moving at a much quicker pace.
Enjoy greater speed and accuracy by using barcodes and barcode readers to receive, pick, pack and ship products. Print pick tickets and perform batch picks to collect items for a number of orders in one pass through the warehouse. Your customers appreciate fast service, so you should strive to move as efficiently as possible to ensure your customers have a positive experience with your company.
You can also perform cycle counts with the aid of a barcode scanner to instantly update your inventory records if the number of items on the shelf doesn’t match the number on the books. And you won’t have to cycle count too frequently because of the fact that your inventory quantities will be more accurate.
This next year is sure to be a great one as you whip your company into shape by using inventory management software.
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Whatever time of year you choose to improve the way you manage your inventory, you should make inventory management software a part of your strategy. You can use it to:
- Set up automatic reorder points on your goods to avoid shortages.
- Empower employees to get more done with the aid of barcode scanners.