4 Ways ASAP Systems Balances Your Inventory Operations
The Inventory System is a constant tightrope act, and just as the metaphor suggests, there is a lot on the line—namely, the bottom line. Many departments within a company try to put in their two cents on how inventory should be managed and each suggestion, if implemented, affects the company’s overall financial outlook. The classic decision Operations or Supply Chain managers face is that they must figure out how much to order in each time period to meet the demand for their product, make all departments happy, and improve their bottom line.
On one end of the business, Sales are demanding plenty of readily available stock inventory and Purchasing is buying large inventory quantities for better pricing. On the other end, Operations wants to maintain minimal inventory levels and Finance has cash flow concerns. This dilemma leads to the question: How do you find that elusive inventory sweet spot?
The first step is realizing the tools at your disposal with a barcode-based inventory tracking system so that you can use them to stabilize your inventory operations. ASAP Systems’ our Inventory System and Asset Tracking solution, enables you to take that step. It provides the following benefits:
1. Quick Physical Inventory
How long does it take you to conduct a physical inventory and how much is that costing you? If you are using a manual, paper-based system, my guess is too long and too much. With our Inventory System and Asset Tracking solution’s mobile solution, conducting periodic physical inventory or cycle counts is done in a fraction of the time. Using a mobile barcode scanner allows you to cover all inventory locations and ensures the accuracy and integrity of the data that is maintained in ASAP System’ s centralized database.
2. Real-Time Stock Levels
Whether you have one local storage facility or multiple facilities spread across the country, our Inventory System and Asset Tracking solution provide accurate stock inventory levels in real-time to give you the visibility needed to make educated purchasing, finance, or sales decisions at any point in time. Your staff can have reliable and instant access across departments to the ever-changing status of inventory on-hand. In addition, they will know what items are selling well and how often, without guessing.
3. Personalized Alerts and Scheduled Reports
Effective inventory control requires that managers receive useful information at a moment’s notice: and the information is most useful when it is current, relevant, accurate, and complete. For Operations, this includes receiving alerts when inventory reaches a minimum or maximum thresholds or approaches the reorder point. It is also helpful when any warehouse problems occur in order to prevent inventory shrinkage or shortage.
For audit purposes, it is necessary to have this caliber of information to track financial data such as the cost of specific items or the depreciated value of assets. This inventory System and Asset Tracking Solution puts this critical information at your fingertips by providing the ability to automatically send personalized notifications through email and text, as well as scheduled reports. Therefore, select personnel can immediately receive the info that matters to them.
4. QuickBooks Integration
Over the last twenty years, QuickBooks has been the most popular accounting software for small and mid-sized businesses in the United States. Even so, its inventory add-on feature alone might not meet all your needs. our Inventory System and Asset Tracking solution integrate seamlessly with QuickBooks to provide the barcode-based functionalities and capabilities you are missing. The combination of systems will allow you to automatically create invoices, item receipts, adjust inventory, sync inventory data, and more. With these capabilities, your departments will be on the same page regarding the financial and operational data captured from your inventory transactions.
ASAP System helps you walk the proverbial inventory management tightrope with confidence and ease. Say goodbye to unbalanced inventory levels that can ripple through the supply chain causing missed sales opportunities or excess inventory carrying costs. In all, our Inventory System and Asset Tracking solution’s tools allow you to incorporate the needs of each department so that inventory is managed without hassle as you discover your inventory sweet spot.