As a product-based business, you know that the health of your inventory directly impacts the well-being of your company. If you don’t have enough product to meet demand, or more product than you can sell, your profits will suffer.
Using an inventory database software can help you reduce errors in your inventory tracking process. Manual inventory tracking is prone to errors. Your employees don’t mean to make errors, but no one tries to make mistakes. Relying on human memory to track inventory processes puts your business at unnecessary risk.
There are several factors that play into manual inventory tracking errors. Any of them alone can be troublesome, but often your workers are experiencing one or more at a time.
When your employees are fatigued, they’re more susceptible to mess up. As much as we don’t like to admit it, most adults are tired at one point or another during the work day. Relying on manual inventory tracking when your employee’s minds aren’t functioning at their peak means data entry errors, which can impact your business in more ways than one.
Most of your workers multitask to get their work done during the day. There is just too much to get done and not enough manpower to do it. However, many studies have shown that multitasking can tax your brain in ways that impact your work.
As much as we want to think otherwise, the emotional stresses of our lives are often carried over into our work. We can try to shut off arguments with family, financial worries, and relationship troubles, but we are only human. We can only do so much when we’re under emotional stress.
Any of these issues can result in mistakes. And while one or two mistakes here and there might not seem like a big deal, they can really add up. Misplacing a single digit can mean the difference between $1,000,000 and $100,000. Repeated over time, these mistakes can put you out of business.
Relying on an inventory database software will help you avoid all of the ways manual data tracking can become compromised. Technology isn’t susceptible to the troubles that can plague your workers at any given time. Computers don’t tire, and they don’t feel emotions, so they don’t have to worry about juggling work and home stresses at the same time. They also have much greater computing power than human brains. The right software can help you take advantage of that power to improve your inventory process and drastically reduce the chance of errors during tracking times.
Asset Panda was created to help you improve your inventory process. With our cloud-based inventory database software, your employees can use their mobile devices to access inventory records at any time. You can also be sure that your records are accurate and up to date. Your employees don’t have to go through tedious paperwork to find specific items, and they don’t have to spend valuable time tracking down a particular item.
We made our platform flexible to meet your needs. Whether you’re a small company working to fill online orders, or a large company moving thousands of products through your warehouse each day, Asset Panda can help you make sure you don’t lose any items during your inventory process.
Want to see how easy it is to use Asset Panda? Try our software before you buy!