Improve Inventory Accuracy with Warehouse Management Software
A Wasp inventory solution for your warehouse or distribution center can help manage your inventory efficiently by reducing unnecessary spending, maintaining optimal stock levels, increasing productivity, and minimizing downtime. With new cost savings and an efficient warehouse, your business will be poised to expand with the market trends.
Effective inventory management software can position your team to make informed decisions based on actual customer demand. No more wasted warehouse space and less worrying about human error.
InventoryCloud equips you to maintain optimal inventory levels with accurate inventory records to offer you true inventory control. Trigger reorder alerts for low stock items, then use accurate demand forecasting to create purchase orders for these items that can be sent from the software directly to your vendors. Then use Wasp’s scan-centric receiving feature to accurately and quickly scan items into the inventory management system when they arrive from that purchase order. Improved warehouse processes mean improved inventory accuracy.
Customer Success
The Client: Precision Drilling
The Challenge: A Precision Drilling service center relied on a spreadsheet to manage more than $2 million of repair and service parts inventory. This time-consuming, highly manual process resulted in unnecessary shipping, inventory and labor expenses.
The Solution: By implementing a Wasp inventory solution, Precision Drilling was able to instantly access accurate data on inventory status and location, eliminating unnecessary reordering of parts and overnight shipping fees. Furthermore, Precision was able to create reports to track suppliers’ delivery times, as well as usage of parts and equipment, for predictable spending and ordering.
The Result: Since implementation, Precision Drilling gained 100% insight into logistics data, like shipping time and lead time per customer, and reduced unnecessary shipping charges and equipment purchases almost to zero.
