Steel service centers and manufacturers maintain a variety of inventory that is nearly impossible to manage by manual means. Calculating inventory forecasts with pen and paper is another time-consuming task, which can easily lead to stock-outs or needless overstocking. Don’t risk your bottom line to poor calculations; trust that you maintain the inventory your customers need, when they need it, with RealSTEEL.
Inventory management is not only challenging, it can have one of the largest impacts on profit margins and customer satisfaction. Most steel service centers, metal fabricators and suppliers maintain an array of inventory with a variety of dimensional, physical and chemical attributes.
A full warehouse is often good for business; however, maintaining the right volume of inventory is a moving target that can either pad or pull from thinning profit margins. Not only is your money on the line, so are customer relationships. Customers often require precise, uncompromising specifications. Scrap, aging inventory, and aging receivables can have as much of a financial impact as product returns.
Don’t risk profits or reputation by managing business operations with disparate systems or manual processes.
RealSTEEL provides businesses within the steel and metals industry with a more efficient, accurate way to manage inventory.
Inventory management is too complicated and too important for businesses in the steel and metals industry to trust manual processes or specialty systems. Contact The Wolcott Group for more information about using RealSTEEL to control inventory and protect your bottom line.
By The Wolcott Group, providers of RealSTEEL, a ‘real world’ solution for the steel and metals industry.