Warehouse Inventory Management Software For Any Large Company

By George Purdy

Once a company has grown large enough to need a warehouse, one will notice that inventory will begin to be misplaced, damaged, and just plan missing. This is a problem intrinsic to having a large inventory, and that is why companies large enough to need a warehouse should invest in warehouse inventory management software.

Both small and large companies suffer when products are lost from the warehouse. Large companies have massive amounts of products stored. This makes it more difficult to track objects that go missing or notice when small amounts are lost. It is estimated that as much as $15 billion a year is lost to employee theft.

Overstocking is another very common problem caused by improper inventory management. Without management software, it is difficult to double check whether or not an item is in stock, orders are often placed to re-stock items that have simply been misplaced, moved, or even taken for display purposes. Inventory management software also helps avoid customer service problems caused by inexperienced employees sending the wrong merchandise to customers.

It can also be advantageous to the bottom line to have warehouse inventory management software. It is crucial to be able to inform clients as to what products are in your current inventory. Additionally, clients will definitely be more satisfied and more willing to come back to make other purchases if you can quickly find the product(s) they are looking for.

If you want warehouse inventory management software to work, you will need to conduct inventory counting to double check numbers. This procedure differs with each company. Some companies follow this procedure monthly. Other companies do inventory on a quarterly basis. Certain stores which are part of larger companies have surprise inventories. When this happens, the manager from a different store may conduct the actual count, or employees might be required to do inventory without any notice. When done this way, it decreases the chances of theft being hidden.

Any one of the problems detailed here can be the cause of significant profit losses if not fixed in a timely fashion. This is one reason warehouse inventory management software is ideal for helping to increase customer satisfaction, decrease lost and missing inventory and increase profits.

Any company that is successful enough that they have need of a warehouse, will undoubtedly also have need of warehouse inventory management software. Product loss from the warehouse can be a big problem for both small and large companies. Additionally, this inventory management software can be beneficial to the business itself. Some shops which don't keep large inventories and which belong to a larger parent corporation face unexpected inventories. Warehouse inventory software ensures that your customers are happy, and will assist in stopping any losses, and help to increase your profits, and will make your manager more accountable.

About the Author:

G. Purdy, an expert on warehouse inventory management software, wrote many articles and is a well-known speaker. More resources and products on warehouse inventory management software and management software.