The importance of taking inventories for controlling company costs

Maintaining optimal inventory control is a key organizational aspect for companies of all sizes, from small and medium-sized businesses to large corporations. Poor management of existing assets or products can lead to significant financial losses and customer dissatisfaction.

Advantages of inventory control

The advantages that good inventory management can offer are the following:

• It allows us to plan future actions: having the company's assets in order allows us to make or plan decisions. Knowing our raw materials and the quantity of products we need to continue operating or selling gives us the ability to balance sales, production, and investment.
• Ability to prepare for unforeseen demands: keeping an extra inventory helps us to always be prepared for unforeseen demands.

However, managing inventory effectively is no easy task. Therefore, several technological tools exist to help you in the process.

From Binhex We highlight Ventor, a mobile application for managing inventory for Odoo ERPWith this application, you can receive merchandise, perform picking and packaging, print labels, and manage inventory in a completely professional manner. Ventor allows you to achieve the best warehouse management experience.

Inventory control system functionalities

The main features are:

• Warehouse Functionality: Ventor supports all warehouse operations and extends and improves the functionality of Odoo's Inventory module.
• Intelligent Operations: Optimized picking navigation. Minimize task execution time by guiding employees to pick goods, achieving up to a 35% reduction in task times. The application displays the new location to the user. Our team will assist you in configuring your warehouse and creating a map of locations and routes.
• Purchasing and Sales: You can create sales orders for your retail customers while walking through the warehouse with them. Additionally, you can create purchase orders while checking merchandise. You can easily create all the orders you need using the scanner, saving you time in the process.

Furthermore, it includes an identifier for boxes and pallets using the GS1-128 one-dimensional barcode, commonly used in general distribution and logistics. This allows for the representation of information such as batch number, dates, and much more, thus facilitating traceability throughout the supply chain.

If you have a business and need to handle any type of product, consult with us.