Wednesday, December 31, 2014

Inventory counts and analysis – just for year end?

As December 31st arrives, for the vast majority of companies with a calendar fiscal year, inventory
physical counts and reconciliation loom large.  The challenges of obtaining and scheduling resources to complete the actual counts and reconcile those counts to the accounting records and resolve discrepancies amidst holiday vacation requests during what is often the busiest time of the year can be nerve-wracking.  It’s a key part of inventory planning at year-end – but shouldn't this be occurring more frequently?

InventoryYour inventory represents a major asset for your company – do you know what’s on hand and available to ship?  What about breakage or obsolescence?  Are you maintaining the optimal level of inventory based on both your historical and forecast sales rates?  These are key metrics you should be using to manage your warehouse operations and expedite fulfillment throughout the year, and not just at year end.

Inventory control and management is often overlooked in warehouse operations. At Vision we strategically monitor your inventory – specifically your order velocity and inventory turn rate – to ensure inventory placement in the warehouse is optimized for both efficiency and cost.  You can manage inventory levels based on actual data rather than a seat-of-the pants feeling.  Maintaining the right inventory levels maximizes your use of resources while supporting the sales operations – and that can translate to increased cash flow and contribution margin.

Vision Consumer Products Fulfillment has decades of experience and industry expertise in consumer products fulfillment services.  No matter who your customer is, we treat your customer as our own.  We know what makes a raving fan out of an individual customer, as well as what makes a business partner trust you with their business.  Call or email us to learn how.  We’re certain we’ll be the best fulfillment warehouse partner you have ever had!

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