Advantages and Benefits of Inventory Management Systems
If you are running a business with lots of inventory in a warehouse you will no doubt be aware of the time it takes to physically count your stock. Not only is inventory management boring and tedious, it is really easy to make a mistake. Then more time must be taken to find and correct it. No matter how careful your count teams are it is fatally easy to mistake one product for another if they look similar, to record the numbers in the wrong spaces on your paperwork, or to make a typo when putting the data into your computer.
Such problems cost a great deal of time and effort to find and correct when staff could be better employed doing other, more productive chores. They can cause many hours of frustration and extra work as you or your staffs looks for the mistakes.
A different way of inventory management is needed. One that automates the tasks involved such as counting different products and entering the data. However, you may think that adding a barcode label to each and every product would be time consuming and often impossible for really small products, especially those with no packaging. This can easily be solved by placing a bar code label on each stocking bin.
The advantages of a good inventory management system are many. You can do without count teams as the job can easily be done with one person armed with a hand-held scanner. The count is entered onto the numeric keyboard and the device can then be connected to your computer and the counts downloaded quickly, thus saving the need for manual input.
This takes much less time than doing the count manually and no mistakes can be made. There are no columns to write information into thus that mistake is eliminated, and quantities and product numbers cannot be mistaken when they are recorded by the scanner. Of course there is the cost of buying or renting those scanners, other hardware and the software that is needed, as well as printing the barcodes; however most business owners would agree that it is well worth the cost.
For the past 5 years I have been writing informative and quality articles on topics such as barcoding systems, inventory management, warehouse management systems and many more.
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