Company: White Papers and Blog

 

Change the Way You View Taking Inventory With These Four Great Solutions

Date: Tue, Aug 19th, 2014 12:00:00 am

If you know your numbers are right, but you can never seem to find the products you need when you need them, it is time to get organized. Either you need a better way to organize products as they go from the truck to the shelves, or you need a more robust automated inventory management system that can let you know right where your packages are, whether they are on the sales floor or en route to a customer's home.

While inventory management is rarely a business owner's favorite or most anticipated task, inventory management doesn't have to be the dreaded, complicated or time-consuming task that many business owners make it, either. If you dread doing inventory or if you think you could be doing a better job at it, read on to find the solutions to four common inventory problems. It may just change the way you view inventory management.

Inventory Management Roadblocks

1. Not Enough Inventory

Running out of inventory is not only stressful and inconvenient, but it can cost you significantly in lost sales and customers. Make sure you always have enough inventory in stock by tracking your inventory and basing your projections on what you have sold in the past. Don't just guess.

2. Too Much Inventory

While ordering extra stock may initially seem like a great way to avoid running out of inventory, this strategy doesn't work well either. Not only do you have to pay to store those items, but you also risk the items becoming obsolete or never selling. Again, use past sales data to order just the right amount of items. 

3. Inaccurate Inventory Counts

While tracking your sales is a great way to get projections, this inventory management method only works well if your numbers are reliable. Instead of having your staff manually count and enter the numbers of thousands of items, automate your inventory management process so the system does the counts for you. Then, you'll only have to oversee the process.

4. Misplaced Inventory

If you know your numbers are right, but you can never seem to find the products you need when you need them, it is time to get organized. Either you need a better way to organize products as they go from the truck to the shelves, or you need a more robust automated inventory management system that can let you know right where your packages are, whether they are on the sales floor or en route to a customer's home.

Ready to learn how Kuecker Logistics Group can speed up your business? Call (816) 666-8404 to learn more.