Wasp Barcode Technologies: The Barcode Solution People

Increase Productivity with Inventory Control

Every business needs to keep track of its inventory. Whether your business is in manufacturing, distribution, retail, education, hospitality, or any other industry, you need to keep track of your stock. For some businesses, this means the laborious task of regularly tracking inventory levels manually and stacks of paper files that comes along with it. Trying to manage your inventory by hand is not easy and naturally human error will result in mistakes being made, which can be costly for any business. Plus, the monotonous task can be time consuming for individuals whose time would be better spent doing the job they were actually employed to do. Reconciling your inventory with an inventory control system has numerous advantages to any business. The automated software streamlines inventory control processes, eliminating the need for paper records and numerous hours spent manually entering data. Inventory control organises your business, making its working practices more efficient and overall increasing its profitability, as productivity is improved. What’s more, once you have set up an inventory control system, its automation through the use of barcode scanners keeps accurate records, reflecting any new orders and changes in stock levels. Data of stock levels can be reported at any time and when a specific item is running low, you are alerted to ensure you re-order in time, preventing any stock outs and improving customer service. Sale trends can also be analysed to help you forecast sales and plan ahead for future demands. An inventory control system will de-clutter your business from the piles of paper records, making it an organised and productive one. It will enable you to find inventory on-site quickly and efficiently reducing any costly inventory write-offs. Through the use of barcode scanners employees will be able to easily scan in products, check inventory levels, re-order low stock levels and produce reports readily, allowing them to use their own time more productively and reducing any human error, which could lead to costly mistakes further down the line. An inventory control system in your business (such as Wasp’s InventoryControl) will make your business more efficient, productive and profitable. The initial set up costs far out way the benefits it brings to any business. If you do not already have an inventory control system in your business, can you really afford not to invest?