Three Ways in Which Inventory Automation Saves Money

October 3rd 2019 15:00:00 PM

Inventory automation makes many aspects of your business more efficient. It also makes warehouse management easier. 

Manufacturers invest heavily in their inventory whether it’s mass-produced goods or raw materials destined for customers’ orders. Because inventory represents a major investment, it makes sense that managing it well is a priority for your company. Without proper inventory management, you could be wasting money.

Inventory Automation: 3 Ways to Save Money on Inventory

Inventory automation refers to the implementation of systems to manage inventory. This may include Scanco mobile apps which integrate easily with many ERP systems. 

Such systems help you save money in the following ways: 

1. Immediate and instant inventory information: Unlike manual stock counts which take time to reconcile and add to spreadsheets, Scanco mobile apps scan the data immediately into the system so the information is updated instantly. This ensures you can accurately answer custom inquiries about whether products are in stock and make a sale.
2. Fewer mistakes: Human error always creeps into manual inventory counts. Mobile apps like Scanco reduce mistakes by automating the inventory process. Accurate inventory numbers ensure the inventory can be valued accurately in the company’s general ledger.
3. Reduce over-ordering: If you’re guessing about how many products you have in stock, there’s a good chance you’ll err on the side of caution and order more. With accurate inventory counts, there is no need for guesswork. Set limits and order when the amount drops to the limit; you won’t over-order anymore. 

How will you use inventory automation in your business? Can you see the many ways in which it improves inventory and warehouse management? 

If you’re ready to take the next step and explore inventory automation, Scanco’s Solutions Experts can recommend the right options to fit your manufacturing business, taking the next step is easy. Simply contact us online or call (330) 645-9959 to make an appointment for your personal consultation.