How Do Integrated Inventory Management Systems Benefit You?

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!