This will record what items were received followed by what bin and shelf number the product was allocated to. Inventory management software allows users to scan products at the receiving dock using verification scanners to immediately identify and record the product on arrival.
By implementing an inventory management system into your business you are adding a new dimension: the ability to track inventory throughout the entire distribution chain, from receipt to invoice. However, as those businesses begin to grow and expand their offerings, the redundancies and manual processes involved start to become too cumbersome to manage efficiently.įor many growing businesses, the next logical step is implementing an ERP system that encompasses the appropriate inventory management tools to support that growth. Traditional methods for managing inventory, such as pen/paper or spreadsheets, can still be viable options for smaller start-up businesses, or businesses who hold very small amounts of inventory. Successful business owners understand that inventory represents their livelihood and its importance should never be underestimated or undervalued.
Although this may seem rather obvious, the number of businesses who remain tied to outdated means for inventory management suggest that it’s a more foreign notion than one would imagine. The way in which a wholesale/distribution business manages its inventory has a direct and critical impact on its overall success and long term viability.
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