Inventory Management Software - 5 Reasons Manual Processes Don't Work
Automated inventory systems play a major role in business by processing and organizing data in a quick, efficient manner and to a level that is typically unachievable with manual processes in place. Inventory management software, which is used to manage a company’s purchases, payment processes, sales and stock, is experiencing an escalation in adoption due to its inherent business value. Without automated assistance, tasks such as inventory check and product sales can quickly become overwhelming for businesses. Whether it’s a small retail store or a large warehouse facility, the use of an automated inventory system like warehouse management software is essential for streamlined, efficient operations. The alternative, manual inventory management, has plenty of setbacks that are initiating a trend toward automation.
- Prone to errors – Errors resulting from manual inventory counts often lead to over or under stocking, which can be financially disruptive for business. Inventory management software ensures these processes are handled more accurately and with greater oversight.
- Reduced turnaround time - Manual inventory control takes a large amount of time and resources to conduct. Besides being tedious, slow and inefficient, it can easily lead to errors and additional labor costs. An automated inventory management solution enables timely accounts of inventory.
- Slowed business processes - Manual inventory processes frequently cause sluggish operations and delays in production or purchase of new stock. Perhaps worse, without adequate oversight, unauthorized or slow moving products may be inadvertently purchased.
- Management challenges – Without an automated solution, data for purchasing, stores, production, accounts and sales tends to be kept separately, making management and control of inventory more difficult. Inventory management software allows for amalgamated data, which simplifies and speeds up the entire process and lowers Vendor Managed Inventory (VMI) costs.
- Customer dissatisfaction – Agility in the supply chain is vital in order to meet customer expectations and demand. Manual inventory processes make it more difficult to adequately track which products are flying off shelves and which are just taking up shelf space. Slow processing can delay deliveries, lead to stock outs and keep you permanently behind the trends of the marketplace. Without automation to track and report the vital data you need to make good purchasing and inventory decisions, you run the risk of dissatisfying your customer base.
Keeping tabs on your inventory is vital to the health of your business, especially in today’s economy where the real battle is taking place between company supply chains. If inventory is causing your company to lag behind, maybe it’s time to start looking into updating operations with an automated solution.
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