Let’s be honest, inventory control and management is not a glamorous part of the business, but it is the most important factor when it comes to maximizing your company’s profitability. When sales drop and the budget gets tight, businesses begin to desperately seek out ways to cut costs and the options are not always attractive. Cutting employees is usually the first line of fire, but actually there is a less painful, more beneficial way to maintain control of the budget…with inventory.
Considering how much money your business can tied up in inventory, if there isn’t accurate inventory management, it can have a significant impact on the budget. Fortunately, Cybernet has a developed a tablet with an integrated barcode scanner that is the solution for maintaining an accurate inventory management system.
Here are 5 ways your business can benefit from using a tablet with a barcode scanner for inventory management:
It only takes a few minutes to scan each barcode, so time spent doing inventory checks are minimized. Using a barcode scanner for your inventory will make the inventory process more efficient by eliminating the need to physically hand enter every item in your inventory.
Decrease Labor Costs
Training employees to manually input inventory data can take weeks, even months, but with a barcode scanner, it usually only takes a few minutes for employees to learn how to use it. This allows your employees to focus their energy on more critical tasks, so it improves productivity, saving your company time and money.
Using a barcode scanner significantly reduces the rate of human error. When employees are manually entering data, the possibility of errors is to be expected. When a barcode scanner is used for inventory management, it is not uncommon to notice a significant increase in the accuracy of your inventory.
Better Control Your Inventory
Once a barcode is scanned and added to a specific database, you will have valuable insight into the correct status of your inventory, including quantity, shipping and receiving. This will help you reduce inventory carrying cost by knowing which stock is not moving, and eliminating unused stock will free up space for more desirable stock.
Improve Customer Service
A barcode scanner allows you to know exactly what stock you have available, so you can immediately provide your customers with the items they want as well as let them know ahead of time that an item is out-of-stock. Your employees will no longer have to rely on memory to know where an item is located, what the cost is or how many of the items you have in stock.
Inventory management is good practice for any business. If you do not have a watchful eye on your inventory, you are setting yourself and your business up for potential inventory errors and challenges. The appropriate inventory management can really make or break your business. The use of barcode scanners for inventory management can help to drastically improve the efficiency and productivity of your business.