Inventory Management

An inventory management system tracks, monitors and organizes stock and orders. It's an integral part of the storage and order fulfillment process and can mean the difference between profit gains and losses.

The Importance of Perishable Inventory Management 

Managing your inventory is important regardless of the items you sell, but it's especially crucial for goods that expire or require extra care. Perishable and freezer inventory management lets you track your items' locations and quantities, plus the flow of shipments in and orders out.

Having an organized inventory management system helps you avoid:

  • Missing items: Items that go missing during transit or shipment — whether due to human error, incorrect data or similar — hurt your bottom line. This issue may also damage customer loyalty if recipients don't receive their items on time.

  • Unknown quantities: Successful inventory management includes full insight into your stock. Otherwise, you risk not knowing what you have, leading to overstocking or understocking. Running out of stock causes delayed shipment times, while overstocking wastes money that could be allocated elsewhere.

  • Profit loss: Profit loss may stem from overstocking, items or quantities directed toward the wrong shipment location or overlooked expiration dates. All these factors impact shipment times, which ultimately affects your customer relationships and profit intake.

The Qualities of a Good Inventory Management System

You know the results of lacking an inventory management plan — now here are the benefits you can expect from implementing a successful system:

  • Automate manual tasks: Manual tasks like data entry and item counting can consume significant time and require paid labor. A virtual inventory management system lets you automate those manual tasks for convenience while also reducing costly errors from manual data input.

  • Gain data insights: Real-time insights into your inventory levels and up-to-date statuses let you make data-driven decisions to improve order forecasting. You can also identify specific trends, like popular items, slow-moving stock and your sale-to-return ratio.

  • Sync across locations: If you manage inventory across multiple warehouses, an inventory management system can help you optimize and simplify processes across each location. Some virtual systems also let you set alerts for each warehouse so you know when and where to direct your focus.

  • Track inventory: You can utilize inventory management tools to track where your items and shipments are, which is critical for product recalls and monitoring product expiration dates. Understanding inventory location also helps you reallocate shipments and budgets to meet demands across your customer base.

  • Scale to meet changing needs: Optimal inventory management systems scale with you to meet your growing needs, whether that's adding a new location to your lineup or increasing inventory numbers.

Our Inventory Management System and Services

Our storage and fulfillment services come complete with cloud-based inventory management system capabilities that let you stay on top of your items' logistics. We help you automate processes like counting, items in and items out and backstock maintenance, ultimately saving you time and preserving profit by freeing more of your resources and labor hours for other areas of business.

You can also expect quality customer service. We utilize our team's creativity and dedication to approach each warehouse and shipment proactively, making your processes more efficient. We care about your items as much as you do, which we express with add-on services like boxing, repackaging and labeling.

Manage Your Inventory and Shipments With Forte Frozen

Contact us today to learn more about our inventory management process.