A full warehouse physical inventory is the best way for you to understand how your business is running.
It is an effective way to manage inventory, production, and shipping while assessing your systems and staff.
But for a physical inventory to take place, you need to be organized and efficient.
Can You Perform a Full Warehouse Physical Inventory Without Location Details?
The short answer is no.
To do a full warehouse physical inventory, you must have a comprehensive list of inventory items and know where those items are.
If location details are not in place, then getting an accurate count can be almost impossible. You have to find a way to put your products in order so they can be counted and accurately tracked.
A Lack of Location Details is Bad for Business
A lack of location details is detrimental not only to your full warehouse physical inventory count but also to the functioning of your business.
When you can’t find a product or item, it can slow down production and your shipping processes. It can also adversely affect your inventory controls because you don’t know what stock you actually have. This leads to extra expenditures because you can order more products than you actually need because you don’t realize what inventory you have on hand.
A lack of location details can also affect the productivity of your business. For example, your staff will spend unnecessary time looking for the products or parts they need, which will have a ripple effect on overall production. This will also make everyone’s jobs harder, leading to frustrated staff.
You can’t underestimate the power of having precise and reliable systems in place when it comes to inventory. Having knowledgeable employees is valuable, but it can be a problem when that knowledge is not shared. For example, if you have a new staff member and you send them to find a specific product, they will not be able to find it without an accurate location setup.
You need all your employees to have access to the information they need in order to do their job effectively.
Benefits of Using Monarch for Your Full Warehouse Physical Inventory
At Monarch, we are here to help you get the most out of your warehouse physical inventory, even if you don’t have location details in place.
It is something we encounter often, and we have become very good at building location details when needed. We will come in and take a tour of your building to figure out the best way for us to create different locations.
For example, if you have 15 aisles in your warehouse, we might break locations up by aisle, bay, shelf, and pallet location. We will build a system with accurate locations that you can then use for future counts.
Communication and Collaboration for a Successful Inventory Count
At Monarch, we believe communication is the key to a successful inventory count.
Before your project starts, we will sit down together and review all the details, including whether you have locations in your warehouse. If you don’t, we can help, but if you do, it means we can get started sooner, and you don’t lose time or money before the count begins.
We will discuss not only your WMS and warehouse layout but also the option of a hybrid inventory where we collaborate to create a more cost-effective, efficient count option.
Choose Monarch for Your Warehouse Inventory Needs
We are here to help you not just perform an inventory count but assess your systems and help make them more efficient and effective.
So, if you are looking for some help with your full warehouse physical inventory count, then get in touch with us so we can make it a smooth and easy process.