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A long time ago, the mail order business was made popular by Sears. They had catalogues where customers could write down orders, send in the request with a payment and the order would be fulfilled. Later, when phones became popular, orders were taken that way. The standard return time was to allow 4 to 6 weeks delivery. Can you imagine any customer today waiting for over a month for something to be delivered? Amazon is making customers get used to instant access and in order for your company to compete, you have to get as close to that as possible. This is where strong inventory management can make a huge difference. Thankfully, technology has kept up with the demand for better inventory management. Here are some of the ways you can use technology to improve your operation:
Workflow Alerts
Every item that comes in to a warehouse or stock room should be scanned in. And when it leaves it should be scanned out. These scans can provide up to the minute accounting of all inventory but it’s not just counting that matters. You’ll also want to set up workflow alerts that trigger at certain thresholds. This is important to keep fast selling items in stock. A supply chain needs to be established so that managers can reorder when necessary and have enough time to get that item in before it is sold out.
Inventory Forecasting
An inventory forecasting program can use sales date for suggested purchasing. This can be a big benefit especially if your business is driven by seasonal sales and promotions. These programs can be programmed to factor in the turnaround time for receiving inventory and tracking when reorders should occur. They are also flexible enough to enter in new products that are added to the inventory. Suggested purchasing can also help identify the slow selling objects that you might want to reduce the price point of.
Decluttering
This isn’t so much a program to download as it is a habit to get into. Your inventory storage area can only function if it has been properly cleared of clutter. That includes any item that would never be sold again because of damage. Once you’ve written off the loss it is time to get rid of those items and Junk King Detroit can be a big help with that. One call to these professional junk haulers and your storage area will be clear of all the unwanted inventory and other rubbish items. By hiring Junk King for this task, your workers can stay focused on the job at hand. Regular sessions with Junk King Detroit can improve your inventory management systems by making more room. That’s always a smart business move.
