This guide covers six inventory management mistakes that cause stockouts, write-offs, and wasted time, plus simple fixes you can implement without a massive overhaul.
If you are tracking point-of-use inventory across trucks and stockrooms, here is a simple reorder point formula as well as information on automating your reorder points with inventory tracking software.
Manual inventory tracking breaks down as soon as volume, locations, or crews increase. Small businesses lose money through stockouts, rush purchases, overordering, and poor inventory analytics. A mobile inventory management app can help.
Make sure your construction inventory management software lets you scan out material at the jobsite and assign it to a phase or floor for job-costing as well as auto-replenish inventory using dynamic min/maxes that are updated with your actual usage.
Lack of visibility can lead to stockouts, rush orders, and higher operational costs. Mobile apps and sensors are a better way to do data-driven MRO inventory auto-replenishment.
Managing wire and cable inventory has long been one of the toughest challenges for contractors and distributors. By combining manufacturer innovations with smarter digital tracking, you can finally gain the visibility you need across warehouses, trucks, and job sites.
I wish more distributors would appreciate how much better it is to do cycle counting versus ordering when they set up their new vendor-managed inventory (VMI) app to manage point-of-use (stockroom, clinic, jobsite, vehicle, etc) inventory for customers.
eTurns TrackStock has many features that can help distributors and their customers replenish point-of-use inventory more efficiently.
These medical supply inventory management methods help healthcare providers reduce stockouts, prevent expiration-related waste, automate replenishment, and decrease the amount of time they spend on replenishment.
