Are you part of the 52% of field service businesses that still process inventory manually? With hundreds of products needed to keep your business running smoothly and efficiently, an inventory management app could help you manage your inventory properly.
Through inventory tracking, cost-cutting measures, and delivery planning/forecasting, an inventory management app can be a critical time saving effort in your business. RazorSync’s inventory management tools can help give your team the resources needed to boost your business. Take a look at these 5 reasons your business needs an inventory management app.
1. Tracking Inventory
A good inventory management app will help your team keep track of inventory and offer a centralized view of how much is in stock, and where it is located. Here, you can allocate inventory to specific technicians, jobs, or store locations, depending on how your business is run.
By tracking and maintaining inventory online, your team can get time back in their days to handle more pressing tasks.
2. Control Your Costs
With an inventory management app, you can keep reports about your inventory right at your fingertips. This can help your team better project what your week will look like. This can also influence your inventory use habits. Learn and become familiar with what your business uses more frequently and what you hardly use.
Take this data into account when making your inventory purchases the next month, and save your business some money!
3. Improve Your Delivery
Late servicing due to inventory stock being out is bound to give your business less-than-perfect reviews. With a management app, you can track your stock and know exactly when a shipment is coming. This helps you manage customer expectations, job scheduling and satisfaction rates.
4. Manage Planning & Forecasting
An inventory management app can help your team improve demand forecasting by analyzing data trends from well-performing inventory. With this, you can plan and forecast for your months ahead. Manage inventory, like when and where you will need a product, and incorporate this into your service call schedules. This can give your team time back in their days to focus on boosting revenue and service sales!
5. Reduce the Time for Managing Inventory
As we’ve covered, an inventory management app can help your team cut back on time spent on menial tasks. However, with a good inventory management solution, you can also reduce the time taken to keep track of all the products you have on hand. Additionally, you’ll save the time taken up in inventory recounts if your records are in one place. Digitally storing your inventory data saves time, money and can help grow your business long term.