Stock count is an integral part of business operations. Depending on the business industry or type, stock counting might occur on a monthly basis, quarterly, every six months or yearly. 

Certain businesses have to suspend their operations to perform this stock count which means losing sales and revenues. 

Depending on the product you sell and on the size of your business, the stock count might interrupt with your regular operations for around 3 to 5 business days. 

Technology has come to transform this classic inventory management since it’s crucial to any profits of any business into a live one allowing you to pursue your operations without any interruption.

This inventory management system allows companies to live-count their stock as a daily process through the collection of live data from different devices such as scanners to enable real-time inventory count rather than pausing productions and sales for this purpose. 

This live inventory count enables warehouse managers to have an accurate stock view for seamless operations. 

BIM POS back office allows you to stock check and record your supply without interrupting other parts of your business through unique and state of the art technology. The BIM pocket device very easily allows your staff to take online stock counts while you are operating.

Advantages of this inventory management system

Benefits of this technology are numerous. 

Less interruption

Orders and sales are no longer interrupted by regular inventory audits saving you costs and avoiding warehouse or your whole business downtime while counting your stock. 

More accurate stock count

This stock count can be performed more frequently even as a day-to-day operation enabling you to compare your actual inventory to your needed products so you can manage your purchases and avoid out-of -stock incidents. It also enables you to have updated and real inventory numbers. 

Efficiency 

Maintaining accuracy of inventory throughout the year means less time spent on searching for items and misplaced products. In case of items’ loss or damage or even theft, these incidents are quickly identified. You are also avoiding the waste of expired products.

Customer satisfaction 

Maintaining updated inventory numbers at all times means that you are avoiding out-of-stock items and your stock is accurately replenished on time. Customers’ needs are always met and their orders are fulfilled leading to their satisfaction. 

ROI

The inventory management system that responds to this technology might seem pricey but bear in mind that the system pays for itself in about a year maximum. This is due to cost reduction in different areas starting by cutting the warehouse downtime and saving over time on wages and reducing product losses. Losing customers due to stockouts is also costly and with this technology, you are making sure you keep those precious customers. 

Better decision making 

The accurate inventory counting generates reports on products’ flow and turnover in addition to their costs. These reports allow you to make better reordering and reduction decisions based on your needs and related costs. 

Flexibility 

Inventory and stock count can be set up anytime you want depending on your business needs. You can also choose the items that need to be counted and schedule their audit. 

What matters to you as a business owner is your profitability and maintaining efficient inventory management brings you one step closer to higher profits and wiser decisions that affect the sustainability of your business.