Before implementing enterprise-level inventory control software, the district replied on Microsoft Excel, resulting in technicians wasting valuable hours every week looking for needed parts. Take for example the Bay Area Air Quality Management District which, until recently, struggled to keep accurate counts of its extensive stock of replacements parts sourced through nearly 100 suppliers. “ When someone comes in looking for a piece of equipment, we can instantly look at the database, see what we have, where it is and what we need to order.”
“Before, each person was probably wasting two to four hours a week tracking inventory,” recalled Spare. According to Microsoft’s Midsize Business Center, companies that make inventory a priority end up decreasing their inventory costs by as much as 35 percent. Once a data entry mistake is made, it’s hard to detect and remove, oftentimes resulting in more costly errors and devastating the company’s entire supply chain management and accounting systems.įorward-thinking companies fully understand that a proper inventory management system has the power to maximize sales and minimize costs, yielding higher profits.Ī 2014 IBM report found that 54 percent of Chief Supply Chain Officers surveyed admitted to exploring inventory strategies to reduce costs.
Not surprisingly, human errors are frequently made, a skilled operator averages one error in every 300 keystrokes.
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Additionally, employees end up wasting countless hours searching for misplaced items, especially if an error is made during manual tracking.
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