BAASS Insights Technology Blog

When finance sees 1,200 units, the warehouse sees 980, and sales promises a customer 1,050, the problem is not simply an inaccurate report. It is a disconnected systems problem.

Disconnected business management software separates purchasing, inventory management, order entry, warehouse operations, e-commerce, shipping, and finance. Each department may have access to data, but it may not be the same data or reflect the latest transaction.

Inventory management is the core of everything we do in business.Tracking and managing stock are important aspects for determiningprofitability levelsandensuring customer satisfaction and operational efficiency. The best inventory management systems prevent expensive errors like overstocking, understocking, and misplacement. 

An important part of warehouse management that’s often overlooked in the quest for process improvement is picking and packing. Yet if you think about it, even a half percent (0.05%!) of mistakes in picking can lead to money lost processing returns, productivity, and dissatisfied customers.

Are you looking for ways to increase efficiency within the warehouse? Do you find that human error is the cause of costly mistakes time and again?

Inventory management may not be the most exciting topic in the world, but it can be one of the most important to a business. Without solid inventory management practices, you can lose sales due to out-of-stock notices.

When it comes to inventory management, there are many theories, formulas, and techniques discussed in the trade websites and journals. But what works best is often a common-sense based approach that takes into consideration the realities of a typical warehouse.

Do you feel like you’re in control of your inventory? Or is your inventory controlling you? Manufacturers worldwide struggle with feeling like they’re never quite on top of their inventory control.

Many managers are so focused on quantitative results that they fail to apply simple common sense to inventory management and warehouse distribution. It's an issue across many manufacturers and other companies; focusing so much on the pricing or technological side of the inventory management equation that you fail to think about it from the common-sense management perspective. Here are four tips that will help you apply good old-fashioned common sense to your inventory management and warehouse distribution system.