Both beginners and seasoned players in the business industry can still end up managing their inventories. Wrong sans the right knowledge, expertise, will, and tools to achieve efficiency in inventory management processes. The first three can be worked on but the last factor is a necessary investment that requires capital.
In this modern age, there are already a lot of digital solutions designed to streamline business processes. For your inventory management needs, you can find many software options in the market. They will vary in terms of price and features.
To get the best worth of your investment however, your job is to make sure you find a reliable inventory management app that is best tailored for your company’s needs. Get one like Sortly.com and reap the benefit of its amazing features that guarantee nothing but an entirely streamlined inventory process.
Sortly.com to the rescue!
Records in the previous years have shown that a lot of companies especially those in the retail industry suffered a lot of financial losses from having mismanaged inventories and all these loss figures combined already amounted to approximately one trillion dollars. This show that inventory is one aspect that needs efficient managerial assistance and Sortly.com has seen that need. Hence, its mission is to provide a quality inventory digital solution that can effectively address persistent inventory issues.
The following were inventory management mistakes or issues that a lot of companies faced:
1) Technical Inexperience
No inventory app is good enough for a person that neither knows how to use it nor understands what the features are for. Although inventory app suppliers like Sortly.com provide complimentary user orientation and technical support, if the people designated to man the job and use the system are not technically savvy or can hardly grasp how computers are used, then the investment is just as much useless.
2) Too much dependency on the system; inventory checks are rarely carried out
Information systems and other digital solutions exist to assist in business decisions and achieve efficiency in operations. Inventory apps like Sortly’s are made for these and to maintain data integrity without causing delays that can hamper business operations.
The data that is stored in the system, in this case, have to be mapped from time to time against the actual inventory to monitor the disbursements, losses or damages that are unaccounted. Besides periodic inventory count, every inventory team has to practice checking around the actual balances from time to time especially during peak seasons. This can effectively assist in preventing stock-outs.
3) The team members fail to do their part.
Restocking or reordering is easy but a lot of companies still suffer from stock-outs from time to time which clearly implies a financial consequence. Records show that stock-outs are likely to happen more in companies with busy warehouses having only a few people manning the inventories. Even if inventory counts from time to time are advised, it may not be viable or hard to meet especially during peak or busy seasons.
Sortly.com acknowledges this issue. Hence, its team has come up with an inventory app that can automatically alert or notify users when reorder points are almost reached. And these alerts do not stop unless new purchase requests and orders have been processed.
4) Lack of Communication
There are companies that suffer from inventory losses because of unorganized inventory processes. Businesses that are still starting up in the industry are thus advised to appreciate the value of digital support and are encouraged to be great team players to reduce these losses. This can be done, firstly, if communication is well maintained.
Sortly.com’s inventory app is pro-communication in a way that when an employee checks the system, he will also get to see the notes and updates including who among his colleagues updated it and when the updates were made.
5) Redundant manual storage
Companies whose inventory systems do not allow multiple accesses from different mobiles or computers usually end up maintaining separate record storages according to which working station or computer they last recorded their inventory movements on. This can cause data redundancy that can put the inventory records’ accuracy and integrity at risk.
The inventory management software from Sortly.com can, fortunately, address this issue with its cloud-based data repository. This technology allows the storage of data on the web. On the upside, all the transactions, including the inflow and outflow of items get to be reflected in real-time.
Hence, regardless of the user is accessing the system at home through his PC or out of town through his smartphone, he will still be able to keep his eye on the business operations especially those inventory related.
6) The inventory software is not user-friendly.
A lot of classic inventory systems were developed with practicality, i.e. they had unappealing user interface and had failed in terms of system user-friendliness and usability. Consequently, it would need a longer period for users to adapt to the system. And yet, companies would still invest in them because they were the cheapest among the inventory app options.
Meanwhile, there were businesses with a huge budget for inventory apps which still ended up with the wrong software out of impulsiveness. These were the people who were lured to invest in fancy inventory apps with promising features but realized in the end that most of the features were not fit for the nature of their inventory operations.
Choosing Sortly.com will not put you through such problematic situations. Its inventory software is easy to use and is stuffed primarily with the basic inventory functions that will greatly contribute to your company’s inventory management.
At the same time, the reliable software provider also made its system scalable enough to meet the future inventory management demands of companies using it. Hence, come the time you plan to expand your business, Sortly’s inventory app will still be able to cater to your needs.
In seeking for inventory management digital solution, be smart enough to pick the one that is both efficient and easy to learn.