Whether ordering raw materials or
preventing bottlenecks in your production line, integrated inventory management systems provide you with high quality information to streamline your business,
automate processes, and reduce costs. Carefully maintaining the cost of
ordering, transporting, and storing inventory of raw materials and finished
goods is absolutely critical to staying lean in these uncertain economic times.
Automation
Many inexpensive inventory softwares
will help you automate your reordering and restocking processes. As product
moves off your production line or out your dock door to be delivered to your
customers, it is scanned and registered within the inventory management system.
You can select an automatic reorder once inventory levels fall below your
buffer as determined by the lead time of your suppliers. This helps you
minimize the cost of storing raw materials and finished products inventory.
Pricing
As you begin to reduce your operational
costs, you may find that you can extend these costs savings to your customers
to further drive business and reach a greater market. Depending on your product
and market, you may be able to lower your sales price to generate demand and
sell to more customers. While this requires careful attention to customer
demand and stock levels, it can effectively be integrated into your business
strategy.
Identifying Inefficiencies
One of the biggest advantages of having
a software solution in place to help you manage inventory is the access you
will have to accurate, real-time data. This data can be modeled and manipulated
to help you identify opportunities, areas for improvement, and potential
threats to your business. Many inventory software solutions are operated from
an incredibly user-friendly web portal. From here, reports can quickly and
easily be generated to help you identify new opportunities.
A professional logistics consultant can
be a great asset in integrating an inventory management system into your
business. Visit PerimeterLogistics.com today to see how you can make the
transition!