There are some great advantages of warehouse inventory control software that are available to any company looking to gain full control of their inventory. Some companies think they have control today with the manual processes they put in place and refined over the years. But there are some real downsides to any manual process.
When companies opt for a manual inventory process, they are relying heavily on the actions of people to get things right. Unfortunately, we are all human and we make mistakes. People forget to record transactions, miscount items, and even enter data incorrectly. There are real costs associated with these mistakes from lost business to being overstocked with items.
A manual process can give companies a false sense of control, be very labor intensive and, worst of all, end up being extremely expensive over time. To do it right, and sleep peacefully at night, consider a solid warehouse inventory control software solution.
Since inventory is the single largest investment most companies make, they should be managing that investment to get the best possible ROI. Based on a company’s specific warehouse needs, there are many benefits that will help grow a business and keep it healthy. Here are a few to consider:
Some companies see their inventory software solution pay for itself in the first few months with just the savings in reduced labor costs. Adding in the other advantages creates substantially greater savings that month after month contribute to the bottom line allowing companies to enjoy greater profits and peace of mind.
You might think that a solid warehouse inventory control solution is going to be expensive, and some are. If you have a small to medium-sized business and you use QuickBooks, you can add advanced inventory control with a popular product like Fishbowl. Fishbowl is the #1 selling solution for wholesalers, distributors and manufacturers that use QuickBooks as their accounting package. Learn more about Fishbowl and how to automate your inventory management.
Companies that effectively control and manage their inventory have a competitive advantage over companies that take a passive approach to their inventory policies and procedures. If your company is managing inventory without a software solution, now may be a good time to take that next step.