Regardless of the size of your business, it’s imperative to keep an accurate account of your stock.
In addition to simply maintaining an up-to-date record of your company’s holdings, it’s also important to be able to print out the data and compare the recorded numbers with what’s actually on hand in order to ensure inventory compliance.
This can be done manually or electronically, but a manual approach takes significantly more time and effort than leveraging inventory software to do much of the job for you. In addition to freeing up employees to attend to other tasks, software also affords a greater measure of accuracy by taking much of the potential for human error out of the process.
That said, it’s still important for workers charged with entering data into the system to be well-respected and trusted, as employee theft and inaccurate information entry are both leading causes of discrepancies in inventory records.
