In 2018, there are companies throughout a variety of niches and services that take one of two approaches to the activity of the stock take. One revolves a manual process that sees individuals tag and identify goods within the warehouse, an activity that accumulates many man-hours.
The alternative is to embrace the quality of datapel stocktaking software. This digital transition might not be common practice for operators who have banked on their own endeavour to service customers in the past, but the case studies that have emanated from these packages illustrate an inarguable fact – they are saving companies time, money and eliminating risk.
So why should you as a business owner or department head see stocktaking software as an opportunity and not a risk? Here we will discuss the reasons that explain this major switch.
Stocktaking software simply saves time. There is no other way to explain this benefit than to state it on the record. Bringing staff members or warehouse employees down to individually check and register stock is a timely process where departments have to double check and cross check their data. A digital package will ensure that the serial numbers and data is lodged in one central location without the need to go back and forth.
Lost inventory costs dollars. By cutting down on the rate of human error, stocktaking software ensures that goods are correctly valued with a sliding scale according to their demand, their lifespan and overall value to the consumer. Poorly timed orders and an inefficient production schedule will see a business invest in the wrong departments and that will result in lost revenue.
When it comes to quality assurance, stocktaking software helps in a myriad of ways. Companies that invest too much in goods that are not leaving the shelf are left with loss on the balance sheet and waste in a physical sense. This is money poured down the drain as goods either pass their used by date, are overtaken by a superior product or are simply gathering dust due to a lack of demand. The ability to tap into a quality stocktaking software package will see regular information filtering through to a central online hub where checks and balances are a daily occurrence, not for a 6 or 12 month rush.
Ability To Identify External Opportunities
Should your business actually embrace the benefits that arrive with utilising stocktaking software, then there will be opportunities for the hierarchy of the company to identify advantages that might otherwise have been missed. With stock that is in high supply or with a shortage emerging within a certain time period, then discounts, sales and packages for clients can be produced to maximise the value of your stock.
They could be used to leverage opportunities with other brands and seen as a vehicle to engage with peers to formalise business partnerships. Whatever option is taken, it is worthwhile having the expertise on hand in order to give an owner, CEO or board the possibilities to explore with a greater degree of insight on their goods.
There will be no shortage of brands and packages out there that fit the stocktaking software niche. The tip for owners and operators alike is to invest in a service that caters to your niche and to oversee regular updates. Mistakes are made in counting and regulation stock when extended time periods are left without checking on their status.
Conduct an extensive search for the stocktaking software offers that are circulating in the marketplace, consult those who will be working on the program, and make an educating decision that will help your brand in the long-term.