Any inventory control system needs to be evaluated, tweaked, and refined from time to time. This is particularly true as new technologies become available. You’ll always want to take a look at promising new features and functionality of inventory control software, so you aren’t caught “behind the times” and being surpassed by competitors with updated methods and processes. If you’re still using spreadsheets to track inventory (or maybe a really outdated inventory control system), you’re already behind the times. Here are just a few of the powerful features offered by today’s inventory control software:
1. Web-based inventory control
The newest software systems are relatively inexpensive and come with all of the latest functionality. For instance, with vendor integration, selected vendors can monitor your inventory status to avoid material shortages and costly downtime. Web-based inventory control is ideal for executives and administrators who need to keep up with operations on a daily basis, as well as for businesses that want to offer visibility to their customers or suppliers.
Modern inventory control systems offer enhanced automation. Not only does this decrease the amount of manual labor associated with inventory control, it also improves accuracy, because there are fewer “human errors” introduced into the process.
3. Mobile inventory
Most web-based inventory control systems offer mobile functionality. It’s ideal for larger facilities where managers need to access the software via mobile devices, or while away from the facilities, such as working from home or when working with a customer. Mobile systems are perfect for allowing access from other areas of the warehouse or manufacturing plant, such as from the loading docks or the administrative offices.
4. Conversion of units of measure
Systems are able to comprehend your purchasing unit of measurement, which is sometimes different from your inventory control unit of measurement. The latest software can perform these conversions automatically, meaning you always have the data in the format you need for the task at hand. If you’re working on ordering, the system can display your inventory in your suppliers’ units of measure. If you’re working with your own inventory, the system will show you your own units of measure. This prevents over or under-ordering, discrepancies in your inventory control system and actual inventory, and other common inventory management errors and problems.
5. Data import
As new systems and devices are added to your warehouse or manufacturing operations, the ability to import data is crucial. Since most systems are in entirely different formats, automatic data import can shave hours, if not days, from the process of data integration. Capabilities include importing data from legacy systems, from mainframe computers, or from the various industrial internet-of-things devices in use on your shop floors.
Do you have the right inventory control software solution? What should you know about today’s systems and how those solutions can help you compete in the industry? Download the NexTec Corporate Overview Brochure to learn more now.