What are the pros and cons of automated inventory management?

«Automation of inventory management is a growing trend»

Elizabeth Brain, Marketing Manager ABM Inventory

Any stock, commodity or production requires attention and management. Automation of inventory management is a growing trend.  The company benefits greatly from this strategy.  What are they?  Increased efficiency, accuracy and scalability.  Specialized systems help to achieve these effects. These programs perform automated planning and offer real-time, automated control of inventory processes.

 
Despite these benefits, many companies are still hesitant to accept the fact that inventory automation is important. The reasons for this are implementation time, cost or lack of prioritization of tasks and development strategies. But automation today is a success tomorrow.  Are you thinking about the future?

 

Reasons AGAINST


Time-consuming. Many companies are against it because of the time-consuming implementation.  Natural idea, but not always true.  If in doubt, it is worth contacting external suppliers who have done this work repeatedly. This will not only save time, but will also provide access to professionals and quality support.

 

Cost. Many companies consider the automation process expensive.  It is necessary to monitor and find a solution that meets your needs. When the price may seem high initially, the total cost may change significantly once the benefits are determined. 

 

Other priorities. Many companies think: "If the current system is doing what it needs, why should the company change something?  An automated inventory management system makes an enterprise more flexible and adaptive to changes.  If you're looking for growth, you can be sure that your existing technology will be able to handle such a scale.  Automation is not only a way of coping with current problems; it is also a way to prepare for the future.

 

Reasons FOR

 

Efficiency. Specialized software product can significantly increase the efficiency of the company. Avoiding human mistakes, using the necessary functionality of the program as a result - redistribution of attention of managers and management from routine tasks to more important strategic ones.

 

Accuracy. Automation increases accuracy because it reduces human error and guesswork.  You can receive data in real time. Automate means you can be sure that your information is always up to date and timely.

 

Scalability. As your company grows, the complexity of your inventory management system will also increase.  Having a scalable system will help ensure a smooth transition.  
 

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