With one scan of a QR code, all the needed information on that item is already at the user's fingertips for item counting, tracking, re-classification, replenishment and reordering.
TrackStock SensorBins use IoT weight sensors to do no-touch inventory tracking and can be set to measure the inventory levels several times a day depending on demand. For companies that have fast-moving or vital items that must always be on hand, especially on a manufacturing assembly line, SensorBins provide the best insurance the items will always be in stock.
Perform ABC cycle counts more quickly - Use multiple options to categorize, segment and track inventory
Notifications - TrackStock looks at variables such as quantity and price and reclassifies when necessary, notifying users of the change.
Get alerts about missed items during scheduled counts
Get alerts when it is time to perform a physical inventory or cycle count
Flexibility - Users determine how items are classified and whether item orders or consumption is used to calculate inventory turns.
Reporting - See potential discrepancies between customer count and current on-hand
Do counts of consigned or customer-owned inventory
While a physical inventory is a comprehensive count of all inventory in stock, usually conducted annually, cycle counting is a system of methodically counting smaller portions of stock on a regular basis.
While it takes discipline and a good system to implement cycle counting, it has many advantages over a physical inventory. Usually done at a company’s fiscal year-end, a physical inventory requires shutting down any inventory activity – including receiving and shipping – to ensure an accurate count. This is an expensive proposition in terms of labor and lost revenue.
Cycle counting is more advantageous because spot checks can be done while conducting business. It also does not take many resources to do on a regular basis. Cycle counting also enables companies to find inventory errors much more quickly than waiting until the end of the year, potentially saving significant capital.
Technology has enabled a more efficient and accurate approach to cycle counting than the manual approaches of the past.
No need to buy scanners. Use the TrackStock mobile app to scan items for a traditional cycle count. Alternatively, you can use the app to scan items as they are used - the app tracks usage so there's always an accurate on-hand count. The app continually compares the quantity-on-hand with the set minimum level and triggers an automated order up to the maximum to replenish.