The Importance of Warehouse Inventory Accuracy

October 16, 2019

Inventory management is one of the most crucial parts of operating a successful distribution business. Without an accurate accounting of all the stock, a company cannot fulfil orders on time, may wind up with too much stock according to the demand for it or a combination of both. Also, distribution businesses cannot plan for seasonal highs and lows without precise inventory tracking, which should be part of any inventory management plan. Read to learn additional facts about the importance of warehouse inventory accuracy in your business.

1. Can Plan Which Goods Need Restocking Easier

With an accurate inventory count, it is easy to know which products need restocking. In fact, there is no other way to order stock with confidence. Otherwise, you may order items that you have sitting on the shelf.

2. Will Be Able to Deliver a Higher Level of Customer Service

Another reason why warehouse inventory accuracy is important is that you can deliver better customer service. Clients will be able to receive answers quickly on what is and is not in stock in your warehouse, so they can know when to expect their orders.

3. Effective Expenditure Management

Due to the fact that you can see at a glance which products sell fast and the ones that sell slowly with accurate inventory tracking, you can conserve your funds effectively. We say this because you may not need any of the slow movers at the time you place your restock order.

4. Your Company Can Ensure Enough Employees are on the Payroll to Handle All the Distribution Processes Efficiently

Using the inventory numbers and tracking, your company will be able to allot a sufficient number of employees for all warehouse tasks dealing with incoming, in-stock and outgoing goods.

5. Ordering Practices can be Adjusted for Seasonal Highs and Lows

During the holiday season, certain products may sell quite quickly. After this season comes to an end, these same products may not sell at all until next year’s holiday season. This is a prime example of the seasonal highs and lows that can happen with your stock. The same can happen with summer, spring, winter, and fall clothing when the temperature changes from one season to the next in case you need another example.

Now that you clearly understand the importance of warehouse inventory accuracy, you can take all necessary measures to attain it for your own company, which may include reaching outside of your own business to receive assistance. Our company, Challenge Packaging and Warehousing Solutions offers a vast array of services that range from accurate inventory to order fulfilment.

Contact Us

Address: Unit 3, 8 Weddel Court Laverton North,
Vic 3026

Telephone: (03) 83609736
Fax: (03) 83609738
Email: info@cpacks.com.au

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