Importance of warehouse inventory control

2007-04-26 16:19:18

( Computers )



Warehouse inventory control is useful for manufacturing companies because it provides real time information in the stature of the stored products found at the warehouse. This gives the managers an idea whether their products are selling or not and the managers will be able to take the necessary actions if the products are not selling as they anticipated. They may implement several inventory control programs that will enable the company to become more efficient and manufacture faster selling products.

There are many other advantages of using warehouse inventory control programs aside from the advantages mentioned above. For people in the operations department, warehouse inventory control eliminates the hassle of checking the products physically everyday because all aspects of the inventory found in the warehouse are already recorded in the inventory paper. In addition, the necessity of checking for barcodes and stock numbers to keep track of the stock found in the warehouse is no longer needed because of the more sophisticated measures that are implemented.

Right now, inventory control software is very popular with manufacturing companies because it enables them to integrate the inventory information with the financial aspect of the business instantly. Inventory control software also has more advantages than most people are aware of because it also stores and analyses customer information and shipping details so that managers will be able to reconcile the supply of their product to the customer demand. The software will also store the batch code and the stock code that was sold to the customer to have proper warehouse inventory control. Because of all these, the transfer of the products from the warehouse to the point of sales is made easier and faster.

Also, Inventory control programs are especially useful for companies that manufacture products with expiration dates because a good inventory control program will monitor all the expiration dates of the products in the warehouse so that the management will be able to do the necessary measures to eliminate wastage and prevent company losses. It is not only mass produced products that are inventories, even customized products should be inventoried properly to reconcile the stock with the company’s financial statements.


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