Reap the Benefits of Inventory Location Visibility
October 14, 2021
To ensure your business is set up to succeed, it’s important to evaluate your processes on a regular basis. One of the most integral parts of your business is inventory management, especially the ability to easily find the inventory that you worked so hard to acquire.Has your business’s inventory management been causing you a headache? Tired of using “sneaker ware” to find stuff? Do you know if the right products will be available when you need them? Did you miss an opportunity for business when items were out of stock, or even lose money due to excess stock? If you can relate to any of these losses, your business is not reaching its full potential, and it is time for a change.
What is Inventory Location Management?
As your business grows, chances are you will have inventory in multiple warehouses, and in multiple locations within the warehouse. Inventory location management is an important component of inventory control aiming to always have system visibility of where inventory is located. When this goes according to plan, businesses reduce the costs of carrying excess inventory while maximizing sales. Wholesome inventory location management will help you track your inventory in real-time to streamline this process.Through efficient inventory location management, you attain the visibility to have the right products in the right quantity on hand, avoiding the stress accompanied by product shortage and funds tied up in excess stock.
The Most Efficient Inventory Location Management System for Your Business
As an expert in your industry, have you experienced the following?
Lack of system visibility for where inventory is located requiring tedious spreadsheets for tracking
The unsettling feeling of not knowing where your products ended up within the warehouse, even though you know you have it on hand
Risk of theft of in-transit inventory, and lack of accountability for shortages
Lack of visibility into Consignment and Vendor Managed Inventory, or Inventory at a 3PL or fulfillment by Amazon
Basic accounting solutions like QuickBooks do not provide this level of inventory visibility or control, resulting in the use of spreadsheets for necessary tracking. This method is time-consuming, error-prone, and it is never in real-time. Imagine an advanced software system that allows you to track inventory in different warehouses, bins within warehouses, vendor or customer locations, and provides real-time location visibility. Leave the sneakers in the car, and let your system tell you precisely where inventory is stored.
Top-Tier Business Support Beyond Inventory Location Management
Attivo All-in-One, powered by SAP Business One is an ERP system designed for small businesses in the manufacturing and distribution industries and will solve this critical business problem. Visibility of where inventory is located is not only critical for a better business operation–it also establishes a better relationship with your customers and employees. Software supporting multiple warehouse locations and bin locations within warehouses, along with serial and batch (lot) control, provides the tools needed to address demanding customer service requirements.Unlike other ERP systems, Attivo All-in-One is extremely affordable, with payback and then some within the first year. Additionally, Attivo All-in-One won’t disrupt your production, profits, or operations for months on end. The implementation is highly automated, and therefore much quicker than other ERP implementations. Attivo All-in-One can be launched in weeks (instead of months or years), is cloud-hosted and the subscription includes unlimited, ongoing technical support. Attivo All-in-One offers full access to Attivo Academy, our user-friendly training and learning platform that includes a personalized online learning system alongside a live training program to help business owners and their teams get up to speed on new systems – with ease and at their own pace.