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Warehouse management systems like SkuVault automatically track the age of your stock from the moment it’s processed into your warehouse to the moment it leaves. Implementing a WMS like SkuVault has the baked-in benefit of getting everyone on the same page (literally, the same web page) in their product processing workflow. Similarly, there’s no worse pain for business owners than to know people want to purchase your product when you have nothing to give. When a particular product dips below a par level, SkuVault will alert you to reorder more and even generate an intelligent purchase order based on demand data.

Here are several benefits gained from running an organized warehouse: An organized warehouse, where locations and processes are marked, can save you money by allowing you to optimize your space. Optimized space will not only save you money by allowing you to downsize on the amount of warehouse space you’re using, but it will help eliminate inventory errors by keeping products and materials organized. If you’re having issues with order accuracy rates or items lost before shipping, having a marked shipping area in your warehouse can prevent these issues. However, if you want to prevent inventory errors in your warehouse, it’s advisable to add another layer to your tracking: you should track items by location as well.

Purchase Order Processing (POP) allows for a more automated system to manage PO’s, which in turn reduces the time spent on this process. If you process your orders quickly, and arrange payment efficiently and correctly every time, you will develop rewarding relationships with your suppliers, and hopefully obtain and secure preferential rates. If you process your orders efficiently and accurately every time, you won’t only generate revenue more quickly, but you’ll also promote better customer satisfaction, leading to repeat business. Use Skuvault to Streamline Your Purchase Orders and Receiving Procedures SkuVault is a user-friendly, web-based inventory & warehouse management system for eCommerce retailers that helps you take control of your inventory.

By utilizing best practices and focusing on creating an inventory management set-up that meets your business’s specific needs, you’ll not only have a better handle on your warehouse, supply chain, and shipping, but you’ll also keep your customers happy. Beyond preventing running out of key items or carrying more items than you need, precise stock records also help with accounting, warehouse management, marketing, and other facets of your business. From supply chain to warehouse management to order processing and shipping, your inventory management operation is a complex and multi-faceted part of your business. Whether you’re a small business still operating with pen and paper inventory management methods or a global company using complex inventory management software to make sure you always have the stock you need, the value of good inventory management is undeniable.