Strong inventory control is essential for any business, but especially for those in the steel and metals industry. Many customers have unique project specifications, which makes it difficult to have the right inventory, in the right quantity, at the right time. Gain control and insight over inventory needs and protect your bottom line by deploying a solution designed to address the complicated inventory management needs for your business and industry.
As in many other business sectors, over-stocking the warehouse is never a good strategy. In the steel and metals industry, customers often have precise product specifications which makes it virtually impossible to maintain every possible type of raw material needed for customer projects. Even if it was possible, an over-stocked warehouse is a bad investment. There is no guarantee that you’ll use the inventory you have bought. Even worse, you’ve diverted funds away from the other important parts of your business making it difficult to hire skilled employees or make capital improvements. Inventory can have a substantial impact on your profits and business reputation, so why put your business at risk with outdated or unreliable software?
Strengthen Inventory Management Processes With RealSTEEL
Make sure inventory contributes to your bottom line by managing it with an all-in-one business management solution, like RealSTEEL. This comprehensive, integrated solution offers a simple, effective and efficient way to manage business operations across your organization, including inventory. Maintain real-time, detailed tracking of all inventory from reception to placement in the warehouse, production and scrap, and customer delivery. You can maintain records for parent/child lineage, actual versus theoretical weight tracking, remnant and random length, and keep track of customer-owned materials. Barcode labeling saves valuable time and automates inventory and finished goods tracking.
In most cases, metal fabricators and service centers have limited storage space. As such, these facilities must build in added time to receive the materials for a new customer project, which could come from an off-site facility or supplier. The automated data collection system built in RealSTEEL streamlines this process and reduces the risk for rushing orders due to poor planning. Strengthening supplier relationships can also be an advantage when customers contact you with short deadlines.
Inventory management is complicated, to say the least, in the steel and metals industry. Strengthen these key processes with modern technology. Contact The Wolcott Group for additional details regarding the powerful inventory management features built-in RealSTEEL.
By The Wolcott Group, providers of RealSTEEL, a ‘real world’ solution for the steel and metals industry.
