Inventory Management Providers
Some of the areas where we can help you manage inventory and improve your company’s logistics:
- Optimizing your warehouse stock.
- Registering incoming and outgoing goods.
- Applying inventoy management softwares that minimizes errors.
- Identifying areas of improvement.
- Establishing analysis and control.
- Implementing efficient and sustainable methodologies and procedures.
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What does Stock Management companies do?
Inventory management is a systematic approach to sourcing, storing and selling inventory, both raw materials (components) and finished goods.
We could say that inventory management means keeping the right stock, at the right levels, in the right place, at the right time and at the right cost and price.
As part of your supply chain, inventory management includes aspects such as controlling and monitoring purchases from both suppliers and customers, maintaining stock storage, controlling the quantity of product for sale, and fulfilling orders.
Benefits of an Inventory Management Consultant
Inventory management dictates how you run your business, serve your customers and increase sales. For businesses that rely on product sales, from craft breweries to large wholesale distributors, managing inventory efficiently is crucial. Some of its advantages are:
Many small businesses rely on manual stock counts to keep track of what’s in the store. But stock counting is disruptive and resource-intensive, taking time away from manufacturing and selling products. Therefore, it is crucial to implement a system that does not require inventories to obtain accurate figures.
IMPROVES CUSTOMER SATISFACTION
Inventory management dictates:
- How quickly you can get your products to your customers.
- How reliably you can fulfill orders.
- How much visibility you can give your customers into the process.
- For the customer, a delay in delivery can be a major inconvenience and therefore a bad experience. This translates into lost sales for the company.
SUPPORTS THE SCALABILITY OF THE BUSINESS
As companies grow in complexity, their inventory management needs also become more complex. When you add new product lines, hire staff, open new production facilities and increase your customer base, organizing materials and inventory will become more difficult.
That makes it important to have control over your physical inventory from day one if you plan to scale in the medium to long term. Rapid growth tends to involve many time-consuming tasks: hiring staff, moving to larger facilities, and negotiating with new suppliers. Therefore, the key is to put an effective stocking system in place from the start. The later you leave it, the longer it will take and the less time you will have to do it.