Don’t Just Search Your Inventory, See It.
Any smart business owner understands the importance of good inventory control, but those
<–more–>who are tasked with overseeing their systems of construction inventory management are presented with a particularly unique, multi-faceted challenge.
The goal is to manage your inventory to maintain maximum profitability. That means keeping a close eye on your materials and equipment as a means for reducing your costs to help you achieve that goal. You need the right tool for your construction inventory management needs if you hope to remain in the black in a crowded marketplace.
You have plenty of options from which to choose. Now it’s up to you to make the right choice. But you don’t need to go about accomplishing that objective blind. There are some things to keep in mind as you consider the many different asset tracking solutions that are currently available.
You can hire a company to put a system into place for you or you can do the work yourself through any of the various software programs and apps that are on the market.
Construction Inventory Management Solution:
It’s actually much easier than you think. Finding the best solution for your inventorying problems should start with identifying the essentials. What do you want your asset tracking capabilities to include and how must your potential solution address the challenges your company is facing at the moment?
For starters you want your asset tracking to do the basics and do them well. What does this include? At the very least, your construction inventory management solution must track your current accessible inventory and provide up to date minimum and maximum counts.
Your solution should also account for the supplies you have purchased from all vendors and track the materials that have been expended.
Customization is also a key component to any good construction inventory management solution. You should have the ability to manage your assets with labels, descriptions, tags, even work order, and lot or model numbers attached. The more customization you have at your fingertips, the more effective the management capabilities of your asset tracking solution.
Seeing Your Inventory
These are all the basic essentials that any business owner will want at his or her fingertips when it comes to construction inventory management. An asset monitoring solution with those factors is certainly worth the price.
But perhaps one of the most critical aspects to the best possible solution you can find for your business is the one that goes a step further in the asset management process. The one that utilizes photos for the purposes of effectively managing the materials and equipment in your construction inventory.
Visuals can be a very important part of the inventorying process because they allow you to actually see what you are searching for in your inventories instead of merely searching and tracking by name or model number. That’s how mistakes can be made and when you are trying to maintain a healthy profit margin, there’s very little room for error.
But when you think of utilizing photos for the purposes of inventorying, you need to think big. One photo per inventory item is not sufficient. The more images you can attach will provide a more proof-positive identification of any audit you might conduct of your inventory.
The use of photos also allows for users to track assets by cross-checking the item in question against the data listed with it. This is why you want to have the most customizable options at hand for creating the perfect description and including as many vital statistics as necessary for inputting along with your multitude of photographs.
The Best Tracking Features
Your construction inventory management solution should also give you the power to maintain total control over all of the various methods of tracking items within your inventory.
When it comes to your construction materials tracking abilities, you want to keep cognizant of your costs, your levels of stock and do it all with an emphasis on searching and locating your items by work order, price per unit, remaining quantities and even the location of those items.
Construction inventory management should also utilize the most advanced technologies including the ability to track UPCs and scan QR codes and barcodes into the system. That must also incorporate the capacity for searching across multiple locations and suppliers.
When all of these things combine into one construction inventory management solution, you have total control over your asset tracking capabilities with a greater emphasis on ensuring total accuracy of your asset inventory.
No Need for Complexity
When you’re looking for the right construction inventory management solution that fits the needs of your business, it need not be needlessly over-complicated. Simply put, you have work to do and you have a business to run. You do not have time to learn a complex tracking system for the purposes of doing something that should be simple.
Depending on the size of your enterprise, this is an inventory tracking software that will be utilized by multiple users. That includes you, your employees, perhaps you want to have multiple locations with their respective teams logged into the system, maybe even include vendors or customers if you want.
As a result, managing your inventory must be simple. You don’t want to have to rely on an all-day training session with a software company representative or find you and your associates are forced to refer to a huge instruction manual just to track your inventory.
You like to keep things simple, make sure your construction inventory management solution does the same. When things get complicated, things tend to break down. You and your business don’t have time for that.