Struggling with Manual Inventory Counting Woes? We have Solution!

Perhaps you already perform stock counts but irregularly. Or your business is expanding and your current method for counting stock is no longer sufficient. Whether that means implementing technology or choosing a different method to determine stock levels, performing regular, pre-determined inventory counts is critical to business and revenue growth.

For many warehouse or store managers or owners, the traditional inventory counting method feels like a never-ending cycle of pain points.

The tedious process of manually jotting down quantities on paper is just the beginning. The real headache kicks in when you have to transfer this information into spreadsheets, only to spend more time reconciling with the system stock to pinpoint the dreaded variances.

Benefits of Doing a Physical Inventory Count

Physical inventory counts are an essential part of keeping inventory records accurate and current. Up to date inventory records provide for better forecasts of sales and purchases and ensures you always have the right amount of product on hand.

Performing a physical inventory benefits your customers, and accurate physical inventory counts are a necessity. No end-user, be it consumer, reseller or wholesaler, wants to deal with uncertain stock levels in this modern day of instant gratification. Customer satisfaction is paramount. Updated inventory levels ensure that you can fulfill your orders for your customers promptly or tell them when it can be fulfilled.

Another benefit of physically counting your inventory is to ensure you understand and can plan for loss. Loss can come from theft or breakage. Every day that an item remains in inventory, its value decreases. As the value lessens, the risks of the cost to stock the item outweighing its value becomes very real.

Performing physical inventories improves your profits overall. You can classify certain products in your warehouse as obsolete inventory, which is a valuable method for identifying which items to market and merchandise for quick sale. This process also reduces the liability and break even, at least, for questionable products.

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