Finding it hard to keep tabs on your inventory?
Businesses that use manual processes, such as paper based systems or spreadsheets face this problem every day. When products get lost in the warehouse it costs you time and money.
Here’s how to keep an eye on it…
The solution is straightforward: Implement an integrated order management and warehouse management system (OMS and WMS). This type of system can transform the way you track and manage your inventory, from point of sale to dispatch. Operating in real-time, a single order management and warehouse management system ensures complete visibility and control over your stock levels. As it is a single system, there are no issues with integrating to other inventory or sales order management systems. This not only reduces errors but enhances customer satisfaction – you’ll never lose goods in your warehouse again!
With features such as accurate BIN location management, goods can be arranged to maximise space and minimise retrieval time. Real-time data means you’ll never lose sight of your stock again. Even when selling across multiple channels, all your stock is updated instantly and accurately onto one platform. A full audit trail allows for constant and accurate monitoring of goods.
Barcode scanning is an extremely effective and efficient way to help warehouse staff operate with extremely low error rates while improving the speed and accountability of daily tasks.
A comprehensive order management and warehouse management system should manage composite items efficiently. This includes tracking the composite items as well as their individual components. The system automatically updates inventory levels as components are purchased, sold or returned to ensure accurate tracking and replenishment.
Companies looking to automate their order and warehouse management should seriously consider the above. It’s all about running a lean inventory and never losing sight of your stock. This will greatly contribute to the smooth operation of your business by simplifying your order and inventory processes and ultimately contributing to your bottom line.
Click here for more information about Stok.ly Inventory Management
Call us on 01432 804333
Author: Iain Coplans CEO Stok.ly