Every transporter has to manage his inventory which gives rise to the demand for an efficient inventory management system.
What is Inventory Management?
It is a process that involves tracking inventory in a warehouse or distribution center. The manual process of inventory management involves too many errors, which can cost you the brand reputation as well as money. Therefore, you should get an excellent inventory management system onboard.
A good Inventory Management System will help you keep track of what items are in stock, how many have been sold, and when they’re due for a reorder. It’s the perfect way to make sure that your business never runs out of products again.
You’ll be able to see all the information about your inventory at a glance with an easy-to-use interface. And because it’s digital software, you can access it from anywhere, anytime! No more running back and forth between different systems or trying to remember where you put that file. Get everything under control with an Inventory Management System today!
So, let us first understand the major challenges faced by a transporter during inventory management.
Software Benefits
Handling inventory is an overwhelming task. The process and outcomes affect every aspect of your transport business. The process of inventory management has multiple challenges. Thanks to the advanced inventory management software that smartly overcomes all the challenges and makes the process simple and efficient with just a single click.
The very first challenge of inventory management is inconsistent tracking. When inventory is managed manually using spreadsheets, a lot of time gets consumed while making the results error-prone. This is where a centralized tracking system like the Bilty inventory management system comes into the picture.
When you upgrade to an automated tracking program, you get multiple provisions like inventory re-ordering & procurement. A digital inventory system offers a centralized database for more accurate and real-time inventory updates and data backup.
In simple words, you can track your inventory properly and find out where a particular inventory is placed in a large warehouse. This saves a lot of time to manually search for the required inventory in the pool of stock at the distribution facility. The job of inventory tracking becomes easier, quicker, and more efficient.
Up next, inventory management at the warehouse is a highly time-consuming as well as labor-intensive job. It involves multiple steps like receiving and arranging, picking and packing, and shipping. The main challenge associated with this job is to ensure that all these tasks get completed most efficiently.
An advanced inventory management program like Bilty measures and outputs warehouse performance reports eliminating inefficiencies. It gives you important metrics such as inventory turnover, order processing time & speed, and more. Each of these metrics will help you understand where your warehouse staff needs to focus to get the maximum efficiency in the process.
Gone are the days when you count your inventory once a year. If you want to run a successful transport and logistics business, you should be well informed beforehand of what inventory you hold in your warehouse. You cannot take a risk by overlooking frequent inventory audits.
We understand that checking inventory frequently may stress you but it’s the need of the hour. This is why we suggest you using a feature-rich inventory management system such as Bilty for this job. This automated software will reduce human effort and errors. It will provide you with assistance for daily cycle counting. You can be assured of highly accurate and up-to-date stock data. This would further help in the proper management of cash flow.
The demand of the customers is constantly changing. Having too much inventory could lead to obsolete products which are impossible to sell. On the other hand, if you keep too little inventory, you will stay behind for order fulfillment. If you have order strategies and plans for core products, as well as advanced technology to design and implement an inventory plan, can help you move in line with the shifting demands.
Our inventory management platform will help you with demand prediction so you can take care of your customers’ needs to the best of your capacity. The sales reports will help you forecast demand for the inventory and schedule orders depending on the customers’ preferences, seasonal trends, and material availability.
It happens many times that your warehouse staff isn’t able to locate the right inventory in the warehouse. It leads to delayed and inaccurate shipments. Finding and receiving the right stock is crucial for smooth warehouse operations and great customer experiences.
Bilty inventory management system comes with practical warehouse management features that help in the optimization of inventory flow and storage space. It lets you arrange inventory in the shelves, bins, and compartments. Inventory arrangement and categorization further automates inventory picking, packing, and transportation workflows.
Features of Bilty Inventory Management System
| Introduce the Advantages of Inventory Management to Your Transport & Logistics Business with Bilty|
Decision-makers already know that they require an inventory management system that can adapt to their changing requirements. With automated management and inventory tracing & tracking solutions, Bilty is the right software that businesses of any size can deploy for industrial growth. Bilty offers a suite of excellent inventory management tools that makes your job super easy.
Here are some of the features of our exclusive management system- Bilty.
Being a transporter or online merchandiser, it is important to keep a track of your inventory. It can be hard to remember when and how much you need to reorder or restock items.
Bilty will alert you whenever there is a need for reordering or restocking any of your products. With timely reminders for reorders and low inventory, you can always ensure enough products in your warehouse.
This inventory management system will send alerts via email, text message…You will never have to worry about running out of stock again!
Bilty will serve as a business assistant by writing detailed inventory reports for efficient management. These inventory reports will include up-to-date information with deep insights into inventory.
You can see what all products are running out of stock and needs to be ordered. Also, you will be able to avoid over-ordering products. When you place orders for inventory with prior information, you will witness cost-cutting in your organization.
Our inventory management system is a great tool owing to an excellent dashboard. The dashboard of the Bilty software will allow you to see all inventory-related data in one place. You can manage each activity like sales and purchases from the dashboard itself. You simply have to log in to your Bilty IMS and you’re done! Our software manages your entire warehouse including product data, customer orders, shipping information & more!
Bilty will serve as a business assistant by writing detailed inventory reports for efficient management. These inventory reports will include up-to-date information with deep insights into inventory.
You can see what all products are running out of stock and needs to be ordered. Also, you will be able to avoid over-ordering products. When you place orders for inventory with prior information, you will witness cost-cutting in your organization.
Managing inventory is a pain. There are so many different systems that need to be integrated, and it’s hard to keep track of them all.
Bilty allows for system integrations for ease of use. This means you can easily integrate this exclusive IMS with any of your existing platforms. Integrate once – never think about it again!