Keep it Down: 6 Ways to Reduce Operating Costs With Inventory Management Software

Keep it Down: 6 Ways to Reduce Operating Costs With Inventory Management Software

Controlling costs is a constant battle. Any organization is always actively in search of areas where they can cut back while increasing efficiency. At first glance, inventory management software may sound like a cost increase but this couldn’t be further from the truth.

The right inventory management software improves efficiency and cuts costs. It’s simple. A solution like IntelliTrack® has all of the tools your organization needs to cut costs immediately. We’ll take a look at some of the ways that the right inventory management solution can be one of your greatest teammates in the continuous effort to keep costs low.

  1. Pinpoint Accuracy, Less Time Wasted

A great way that the right inventory management software can help reduce costs is simply through better information. With a solution like IntelliTrack® you always know where your stuff is. Our barcode process equates to simple tracking through our software, which in turn equates to more time (and money) for you. Think about it, you can spend less time searching for an item or material, and more time getting the job done.

  1. Stocked For Success

Managing your reorder process can be an outright chore. Worse, running out of critical stock at an inopportune time costs the entire operation. By implementing software like IntelliTrack®, the information that matters is readily available, which puts more control in your hands. Our reorder points feature tracks minimum, maximum, and reorder quantity by item and site. This means that you’ll be able to take full advantage of volume discounts and stay on top of the inventory management of your goods. Partner with IntelliTrack® and take the guesswork out of the reorder process.

  1. You’re Validated

Another way to reduce costs is by simplifying the process of validating outbound orders. By implementing software like IntelliTrack®, order validation is simple and smart. This ensures that the outbound order process is exact and streamlined through control and oversight. You’ll know who generated the order, its assigned customer, when it was fulfilled, and the impact on item stock levels. This means that you’ll be able to reduce those costly returns, while improving satisfaction through better accuracy across the board. Partner with IntelliTrack® for a serious win-win through the use of its order validation capabilities.

  1. Lose Less Sleep, And Money, Over Your Assets 

Asset management can be a challenge for any organization. Quite simply, it’s a chore to know exactly where your stuff is at all times. Not to mention the toll this can take on the employees in charge of its safekeeping. Give yourself, and your employees, more peace of mind by partnering with IntelliTrack®, which takes the guesswork out of asset management and tracking. Not only will you see a reduction in costs from replacing your company’s valuable assets, but you’ll gain efficiency through less time wasted tracking them down in the first place. 

  1. Always Alert

Maintaining critical inventory flow is a must. One of the best ways to stay on top of the management, ordering, and restocking of key inventory is to put an alert on it.

Knowledge is power, and with IntelliTrack®, key personnel can be alerted when item inventory falls below the designated quantity. Great software like IntelliTrack® makes this process simple by allowing you to set up email notifications. This means that when critical inventory gets low, the purchasing team knows. Partner with IntelliTrack® to better manage your item restocking process.

  1. Make Maintenance Simple

Staying on top of the maintenance and calibration of your assets can be a daunting task. With so many moving parts at so many different stages of their lifecycle, it can be confusing to keep track of everything at once. With IntelliTrack®, you can bring all of this under one easy-to-use umbrella. This makes it simple to tell what may need maintenance or calibration, and saves you big by maximizing the life of your valuables assets.

These six ways are only the beginning when it comes to how the right inventory management software can cut costs for your organization. IntelliTrack® has countless more features, services and tools that are all aimed at giving you more peace of mind. And, it just so happens that the byproduct of those things is better efficiency and a significant reduction in costs. Making the switch to an inventory management solution that is flexibly built to handle your organization’s needs cuts costs and pays dividends in operational efficiency.