Inventory management is a necessary part of every business. Warehouse inventory management includes controlling and overseeing purchases, maintaining inventory storage, and fulfilling orders. To effectively track inventory, one must track lot numbers, serial numbers, cost, quantity, and dates. It’s a lot to manage.
One effective option for managing inventory is to outsource to a shipping and fulfillment company. Here are 5 benefits of outsourcing your inventory management:
Benefits of Warehouse Inventory Management
1. Improve process efficiency
Fulfillment companies have inventory management down to a science and can track inventory and fulfill orders much more quickly and effectively than you can. Some business owners fear that if they outsource to a third-party, they will lose control of their inventory management. That couldn’t be further from the truth.
2. Utilize inventory management software
Inventory management is a complex process for larger organizations but can get disorderly for smaller businesses as well. Many small businesses use Excel or other manual tools to keep track of inventory, but for a growing business that can get out of hand quickly. Inventory management software can be extremely helpful in streamlining those inventory processes. You won’t need to worry about setting up your Excel sheets just right or be confused as to why a certain equation isn’t working out. Let ESM’s state of the art management software do all of that for you.
3. Have real-time inventory counts
Don’t worry about gathering up your products, counting them, and entering the number in your spreadsheet. ESM has a cloud-based warehouse management system that gives accurate inventory in real time. Never worry about running out of products again. In addition, ESM can analyze trends and help you predict how much inventory you’ll need for a given time. Keep your customers satisfied by keeping things in stock.
4. Never deal with returns
Returns are a part of sales that no business wants to deal with. At ESM, we handle all parts of returns, so you never have to touch them.
5. Get back to running your business
At ESM we handle all aspects of the packaging, inventory, shipping, and fulfillment processes. Those processes take quite a bit of time, so you’ll find yourself with a lot more time to focus on other aspects of your business. Let us take care of the day-to-day administrative tasks and you can focus on big picture growth. You can get back to what you do best: running your business.
In conclusion, outsourcing your inventory management will help you focus on the aspects of your business that you love. Check out our list of services to see what else we can do for you.