Inventory Management Saves You Money
Suitable and critical actions Inventory Managers should take into consideration in order to save money.
Prevent and reduce spoilage risk
During the stocking process, a premier inventory and management system provides attention to product condition and shelf life. This is called Batch tracking. Such system helps the inventory manager prevent and reduce unnecessary spoilage. A barcoding control system with a “Batch” feature reduces the chance of shipping and selling expired products.
Avoid Dead Stock
A good inventory management solution can give the inventory manager a clear sight of stock movements through traceability, generating reports and tracking the performance. The inventory manager will be capable of knowing which products are not getting consumed or for better terms; issued well. Solutions like ASAP systems’ inventory system help keep that information up-to-date in real-time. More so, the inventory control system prevents you from being stuck with dead stock. Simply, through a better inventory management system, you can avoid dead stock.
Save on Storage Costs
Track Inventory Movements well to Automatically Re-Order is key. When stock levels run low, an inventory manager should replenish is stock levels enough and make sure to avoid overstocking. Overstocking and the longer merchandise live on selves will cause a higher storage cost. Implementing ASAP Systems’ Inventory System allows the inventory manager to track inventory levels Live.
Know Your Up-to-Date Inventory Levels
Tracking inventory levels is the ultimate way to avoid overstocking inventory. The inventory manager can reduce costs by knowing the status of each inventory. A good inventory manager should take precautions by studying each stock item’s movement and consumption history to avoid reaching dead stock levels. Keeping the stock for a long time in your storage will lead to a high cost. Our Inventory System and Asset Tracking Solution provides the inventory manager with solutions to reclaim that cash and reduce the inventory cost.
Inventory Management Improves Cash Flow
In order to maximize the turnover, the inventory manager should check the performance history of his inventory. ASAP Systems Inventory System provides a solution and designed to check that inventory performance history. The inventory manager should also carefully study the fluctuation of his consumption annually. The higher the ratios, the better the performance. In addition, he should make sure that inventory is received on time.