For you to succeed in your business, inventory management is an essential task. As you may be aware, inventory is the magnet that attracts customers to your venture. The customers come to buy what is available in your stock. Hence, without any inventory, no customer will visit your door.
In a simple language, your inventory is the answer or solution to the customer needs and problems. For this reason, you must have the right stock at the right time. However, managing your inventories is not a simple task. You need to know your stock levels at each time. One way to ensure effective inventory management is through automation.
But why should you automate your inventory management system? Here are the reasons:
a) Reducing human errors
Human is in error. You are aware of this phrase. But when human errors take a central position in your business, one thing you are sure of is losses. Take it this way: your inventory manager does a stock-taking. Instead of writing down only 10 pieces of a particular item are remaining, he just records there are 100 of them. As such, you do not bother to place new orders only to realize that they are out of stock. Here you have to do urgent orders to avoid losing customers. Hence you have to use extra costs.
With automation, such errors are avoided. You always have real-time information on the current inventory levels as it is updated after each purchase. This ensures a smooth running of your business.
b) Saving time
They say time is money. Particularly, in business, saving a second means earning a new coin. But how does automating inventory management save your time? Figure this out. You have brick and mortar store serving a large number of customers. To ensure they find the items they need on your store shelves, you have to know the quantity sold and one remaining. If you do not have an automated system, it means you have to spend extra time after closing your business to do the stock taking.
This process is tedious and time-consuming as you have to count each item on the shelf and write the quantity down. So, if you want to avoid this, having an automated stock management system is not optional. With it, you will have time to rest and to make other critical business decisions.
As you have noted, automation of inventory management is a good idea. The act enables you to save time and avoid human errors. As such, it enhances your business productivity and profitability.
— OmniChannel Sensei (@ZenOmniChannel) 16 de febrero de 2018