A tidy stockroom where cardboard boxes of stock smoothly float in and out at the precise times they should.
The spreadsheets update automatically as you go along.
Isn’t that every small manufacturer’s dream?
It certainly is a blissful picture.
But it’s not just the peace of mind you get by making this a reality.
Inventory management is the process of keeping track of all the goods your company has in stock.
And the benefits of good small business inventory management have become clear as day, just because the costs of doing it badly are so high. There’s no getting around it in today's fast-paced market.
If you have too much stock then you are tying up cash, as well as having to pay unnecessarily for resources like stock room space.
On the other hand, understocking can lead to delayed deliveries and mobs of unhappy customers wielding pitchforks at your door.
Inventory is just so central to a business dealing with physical products, and your inventory management plays a huge role in your success. It can be the difference between sinking and swimming.
Surviving or thriving.
And that includes choosing the right solution so you can manage your inventory on the next level.
As a modern manufacturer, you need systems that know the maker’s needs and make life easier, so you can spend your time on growing the business.
This means solutions that harmonize your raw materials and finished product inventory.
Solutions that can help you move on from the burdened world of Excel.
Solutions that seamlessly incorporate inventory management into your order fulfillment cycle.
This is why we’ve put together the low-down on everything you need to know about inventory management for small businesses - top to bottom.
Many manufacturers and production planners don’t apply the following principles.
Get on top of the stuff written below and you will put yourself ahead of 99% of your competition.
So, let’s get stuck in.