Steps to adopt paperless inventory management

Still using spreadsheets to keep a track on inventory? Having high volumes of sales and multiple warehouses, it becomes necessary to keep a close track of your stock. And, following the traditional way to track your stock levels, not only makes it  time-consuming, but also leads to costly mistakes.

Today, the buzzword for a consistent, timely and accurate inventory management is “automation.” A “paperless inventory management” avoids  costly errors like overselling and stock-outs, staying on top of your stocks without wasting much time out of your already busy schedule.

In this blog, I’m here to discuss on effective steps that will help you adopt a paperless inventory management.

Well- Organize your stock

Organizing and creating product categories can be a real nightmare if you do it manually, instead implementing an ecommerce software solution will make it simpler, offer accuracy, as well as save time and cost.

Adopting an automated structure for your store you can increase efficiency and boost profits. With an automated tool, you can easily offer discounts to a product category. For example, if you want to offer promotion on apparel section, then simply apply discount to that category , within the same automated inventory management system, to make sure your buying incentives is applied to all the products in that category. This way it eliminates the hassle to manually enter discounts product-by-product.

Integrate warehouse management

Having high volumes of sales and multiple warehouses, it becomes necessary to keep a close track of your stock. You want to make sure that your inventory is tracked according to locations. So, the best solution for multiple warehouse inventory management, is to integrate your store with a warehouse management system that helps you easily manage multiple warehouse locations, knowing what inventory is where.

Manually tracking inventory across multiple warehouses will lead to mishaps in order fulfillment process. Therefore, integrating a system solution for warehouse management allows you speed up order and shipping process and keep your customers happy, all time.

Use mobile device

If you are a medium or large store, using an electronic barcode scanner and labeling system for your inventory management is a smart solution. With the rise of technology, today, there are many affordable mobile scanners available in the market, and as it’s a part of an automated system, you can save time managing back-end operations seamlessly.

So, make sure that the ecommerce software solution you consider, is compatible to such devices and uses them completely to adopt a paperless inventory management.

Automate your fulfillment process

The ultimate reason to create a paperless management system is to ensure you have control on inventory and fulfillment process. Adopting a paperless inventory management will ensure that your inventory levels are perfect as well as automate your fulfillment process. You can ensure that each product you scan for shipping is linked to the correct order. This is very crucial for long-term benefits and profits.

Conclusion

So, with the above steps and a right inventory management system in place, you can eliminate manual glitches and undertake back-end operations efficiently.