An inventory management system helps your company order, store, and use raw materials, components, and finished products. For instance, it enables you to keep fittings, valves, pumps, and other necessities in stock and accounted for. If you're considering purchasing a bin management system for your business, here are some key benefits you'll enjoy.

Why You Should Use an Inventory Management System

1. Save Storage Space

With an efficient bin management system, you can easily track what you've sold and what's still on hand to avoid overstock. This makes it easier to keep track of parts and supplies you need more frequently and clear space for new or experimental items. For instance, if you aren't using as much belting as anticipated, you can cut down the orders or even use the bin to store fittings or gaskets used more regularly.

2. Boost Sales

Out-of-stock items often cost businesses important sales, even if the item is inexpensive. For instance, not being able to provide a simple hose, fitting, or gasket without waiting for a shipment to arrive may cause a potential buyer to purchase their entire order elsewhere. A bin management system helps you restock efficiently and avoid this issue.

3. Eliminate Human Error

Worker fatigue, multitasking, stress, and understaffing can easily result in manual inventory errors. However, the use of an automated bin management system dramatically reduces the likelihood of mistakes. Barcodes and scanners eliminate the need for data entry and, therefore, keyboard entry errors. 

If you need an effective bin management system to keep your fittings, gaskets, filters, and other inventory organized and accessible, contact D & M Hydraulic Sales & Service in Waipahu, HI. They've served Oahu since 1983, offering dependable work, 24/7 service, a wide inventory of hydraulic and industrial parts, and competitive pricing. Find out more about their offerings on their website, or call (808) 671-2420 to schedule a consultation.