As of March 20th, Spring is officially upon us! The days are longer, flowers start to bloom, and people begin engaging in the tradition of spring cleaning. This includes organizations looking to revitalize their inventory processes.
Inventory management is a good practice for organizations across all industries. Without a strategic approach to inventory processes, your organization is likely to experience increased inventory costs, inaccuracy and errors, as well as a host of other challenges. Some advantages organizations have experienced by optimizing inventory management include:
- Improved Inventory Accuracy – Understand exactly how many spare parts you need to have in-stock to avoid shortages and associated downtime. Inventory will be fully stocked without extra parts collecting dust on your shelves.
- Saved Time and Money – By keeping track of which on-hand parts, the need to perform an inventory recount to ensure accuracy is eliminated. You will no longer need to place as many emergency, expedited shipping orders for critical spares when they are needed.
- Increased Efficiency and Productivity – Barcode scanners and spare parts inventory software help improve efficiency and productivity of both your equipment and staff. They streamline processes so employees can work on special projects, or further optimization of maintenance procedures.
- Improved Customer Satisfaction – Respond to requests and work orders quickly and efficiently with effective inventory management.
If your organization is embracing “out with the old, in with the new” with your organizations parts inventory management, we have the tools to help! eMaint’s Best Practice Webinar Recordings house enlightening topics from top thought leaders in the industry. In Setting up a Self-Serve Storeroom, Dan Floen from Professional Materials Management, Inc. details the actionable steps to setting up a “self-service” storeroom, from initial planning to execution.
To access our arsenal of Best Practice Inventory sessions, as well as webinars on Asset Maintenance Software, Predictive Maintenance, CMMS and more, visit http://www.emaint.com/resources/cmms-best-practices-videos/.
For more information on how you can improve your inventory process reliability, register for next month’s webinar on “How To Achieve Inventory Process Reliability” on April 20.