Taking Stock of Your Inventory

Whether you’re looking for a printer cartridge or medical vial stored in the supply closet; searching for an installation part in a warehouse or seeking a box of the high-end sunglasses promoted in your boutique’s latest newspaper ad, inventory management is a critical component of any small or midsize business.

However, many business owners do not fully realize the costs associated with poor inventory management, or the potential opportunity for improvement.

Inventory management, after all, requires a delicate balance. You must carry enough stock to satisfy customer demands, yet overstocking can tie up valuable working capital, create inefficiencies and lead to write-offs of yesterday’s fads.

You don’t want your maintenance staff sitting idly as they await delivery of repair parts, nor do you want your warehouse to resemble General Motors.

Today’s technology empowers you to focus on your business while simultaneously ensuring that you maintain the right amount of inventory, office supplies and repair parts without over- or under-investing.

You’ve invested in the products and equipment stored throughout your company and its warehouses, and it also makes sense to invest in the resources to accurately and efficiently monitor, analyze and swiftly locate these items.

Today’s inventory technologies allow you to track stock in your company – while also improving cash flow, enhancing customer satisfaction, boosting productivity and saving a lot of money.