As a business owner, the thought of taking on new staff can be daunting. Not only do you have to consider their salary, but also the fact that they’ll need to be trained in order to do their job effectively. Having said that, hiring a skilled inventory controller can be immensely beneficial – ensuring that you’re able to make the most informed decisions when it comes to product and stock. Here’s a closer look at the reasons why.

1. Improved accuracy

Manual inventory management is a laborious process and prone to error. Inventory controllers, on the other hand, use advanced technology such as scanners and real-time tracking systems to accurately record and maintain maximum accuracy.

2. Lower stagnant stock

One of the most flawed aspects of manual inventory management is that stock data can become unreliable. Inventory controllers are able to set rules-based algorithms that detect the highest sales velocity products and reduce stock levels for items that have not moved in time. This automatically helps to reduce stagnant stock and costs.

3. Less pilferage

Stock shortages can also be caused by theft or employee pilfering. As an inventory controller spot checks stock on a regular basis and has a closer control of the goods that come through the warehouse, the chances of losses due to theft and pilfering can be greatly reduced

4. Streamlined re-ordering process

The most common cause of stock-outs is failure to track, calculate and forecast inventory correctly. An inventory controller is able to efficiently track and transform data into reports and forecasts in a timely manner, enabling effective and consistent reordering.

5. Boosted customer satisfaction

Customers expect orders to be fulfilled on time and as expected – and any stock shortage can be very damaging for customer satisfaction. An inventory controller is able to ensure that the right amount of stock is available in-store or online at all times, leading to increased loyalty from customers.

Overall, an inventory controller can be a great asset to any business. Not only do they provide the necessary expertise to track, maintain and manage stock levels accurately, but also help to boost customer satisfaction and improve operational efficiency. So, if you’re spending too much time trying to manually track inventory, hiring an inventory controller could be a great move for your business.