From ensuring that you have an accurate picture of what you have on hand and where everything is to informed decision making on replenishment, there are many moving parts when it comes to managing inventory (pun intended).
The inventory and warehouse experts and Sage Inventory Advisor and ScanForce have teamed up to bring you a series of tips to help you become a “Warehouse Wizard”. For this article, we’ll look at the first three of the six tips.
Part 1: Two Sides of Inventory Management
From managing the physical product through accuracy in receiving, pick/pack/ship, physical counts, and labeling, inventory control is crucial to warehouse efficiency. It’s the foundation that allows you to make informed decisions on forecasting, ordering, and expediting, all in the name of inventory optimization.
In this 5 minute video, Russ Graf of NetStock and Steve Showalter of ScanForce discuss the key components of Inventory Control and Inventory Replenishment, and why even if business is booming, NOW is the time to invest in warehouse productivity tools.
Part 2: The Right Items in the Right Place at the Right Time
What if your warehouse had just the right amount of inventory to meet demands? Not too little, not too much, but just right?
Having the right items means faster fulfillment, happy customers, and more sales.
Having them in the right place leads to increased productivity and lower operating costs.
Having them at the right time prevents excess inventory and stock-outs.
And it all leads to increased profit.
Part 3: Hidden Costs of Inventory Spreadsheets
Who doesn’t love Excel? It’s inexpensive and easy to use. But when it comes to managing inventory, it’s not the right tool for the job.
In this 6 minute video, Russ and Steve expose some of the hidden costs lurking in your inventory spreadsheets, and how using tools designed for Sage 100 users can help you avoid the risks of spreadsheet inaccuracies.
Watch here on the Schulz Consulting blog for parts 4 – 6 coming soon!