Among the numerous essential activities of good logistics management, inventory control is a strategic factor for the success of any operation and requires, in addition to good strategies, an adequate technological infrastructure.
For this reason, if your company recognizes the importance of this practice and is looking for smart and optimized solutions to improve daily stock control in your warehouse, we have prepared this post with some tips and information on the subject.
After all, what is the real importance of inventory control in logistics?
Inventory control is not limited to a matter of warehouse organization It is essential to see this practice, today, as a strategic factor for your logistics operations, capable of optimizing your deliveries, reducing your costs and even improving the levels of satisfaction of your customers.
Optimize your inventory:
Among numerous essential activities to improve day-to-day inventory control, it is worth highlighting the importance of inventory.
After all, this practice aims precisely to check the quantities of items present in the physical stock and adjust the controls in the management system.
However, this requires special attention from operators and, above all, time and work from those responsible for counting. Therefore, seeking ways to optimize this process is synonymous with efficiency and practicality for operations.
In other words, the more agile and efficient your inventory, the less rework will be required, the shorter the warehouse “downtime” and the more dynamic this count will be.
Define criteria for inventory control:
Defining the criteria for inventory control in your warehouse is an essential strategy that can have a direct influence on different aspects of logistics management.
For example, classic storage methods such as FIFO and LIFO are responsible for a better optimization and dynamics of your stock and guarantee more intelligent and efficient movement of products, according to the needs of your operation.
But in addition, several other criteria can be defined in its management, according to what your logistics demand. For example, implementing controls by expiration date, batch numbers, SKU type, supplier name, among others, are practical examples of criteria that can be worked on in your inventory control and help you create models that are better suited to your needs. precise operation.
And, in practice, this is much easier and optimized with the use of appropriate tools for inventory management.
Keep an eye on demand:
The turnover of each product naturally depends on its demand. This is how you can know the right amount to invest in the next replacement. Therefore, it is essential to have criteria to monitor demand to always be ahead of eventualities. This allows your company to be efficient and safe in the eyes of the market.
The tip is to structure your movement control in order to be able to predict the demands. This becomes even more relevant when we consider issues such as seasonality. Forklift is another important thing for used forklift in Texas contact here
Certain times of the year cause sales to increase or decrease. Thus, the greater the preparation of your team in relation to this, the more efficient the inventory management and the smaller the possible losses tend to be. In the end, this is a way to favor your company’s cash flow.
Promote too many products:
There is always a risk that your company will run out of stock. This is natural at times when the demand for a certain solution suddenly decreases, or due to market situations. In any case, it is important that your management is aware of this to avoid financial losses.
Good inventory management should pay attention to issues of this nature as well.
The best thing to do is to create means to facilitate the exit of these products. Consider lowering prices, and a good idea is to carry out a so-called stock-out. Realize that, by doing this, you combine the useful with the pleasant, that is, eliminate excess in your stock and, at the same time, stimulate financial movement in your company.
Prepare for perishables:
Of course, you will need to control each product according to its characteristic. In this sense, extra care is needed with perishables in relation to stock. That’s because these are products that tend to generate greater damage to your company.
So what to do? The ideal is to develop a more specific work, preferably, doing a more detailed stock control when the products demand more attention and care, as is the case of perishables.
Thus, elements such as expiration date, entry and exit day of the stock, among others, need to be considered more rigorously, to the point that you can anticipate the creation of solutions, such as reducing the sale price to avoid losses.
The tip here is to establish stricter control over these products and accept the price reduction more naturally.
How can technology optimize inventory control?
When we talk about inventory control, we need to keep in mind that the organization can be done with safe practices and criteria. From then on, you can consider more precise actions to make your life easier and, above all, to save time.
It is in this logic that we must consider technology today not only as a tool for optimizing and organizing inventory, but mainly as a strategic and indispensable factor for your logistics operations.
Undoubtedly, today, what is most advanced, robust and complete in terms of technology for stock control is called the WMS system. After all, such software provides extensive and detailed controls over the entire supply chain, from the arrival of products in warehouses to dispatch for deliveries.
In practice, a WMS system provides:
- Better product controls based on product-specific data and information;
- Automation of activities and processes;
- Agility and practicality in addressing, tracking and locating items;
- Picking and packing optimization;
- Cost reduction, errors and rework;
- Reduction in the number of operators needed in the activities;
- Reduction in the levels of losses and waste;
- Agility in the inventory process.
- Anyway, with these tips and a good dose of organization, you already have everything to start putting your management in order and implementing a much more efficient, practical and intelligent inventory control in your company.