2 October 2022

6 Valuable Tips to Increase the Accuracy of Your Inventory

2 October 2022

Discover which measures can help you achieve the desired inventory accuracy.

Imagine the following situation: you work in logistics for a supermarket chain that needs to be restocked daily every day. Practically all the products sold have an expiration date, right? Imagine if, in the warehouse, you didn’t have daily control of what is about to expire? The amount of losses would amount to millions in a year. And this is where accuracy will help you!
Inventory accuracy carries with it the idea of precision, meaning what is recorded in the system actually appears in the physical warehouse. To give you an idea, this precision means that when an employee goes to the registration location, the item will be there, in the exact position, in the quantity recorded by batch or serial number, and correctly labeled.

Inventory accuracy carries with it the idea of precision, meaning what is recorded in the system actually appears in the physical warehouse. To give you an idea, this precision means that when an employee goes to the registration location, the item will be there, in the exact position, in the quantity recorded by batch or serial number, and correctly labeled.

The inventory can be effectively controlled only by using the right processes and with appropriate procedures for goods management. Most inventory problems arise from poor control measures and the lack of adequate processes to report transactions that occur in real-time within the warehouse. Therefore, organizing your warehouse is the first step towards efficient accuracy.

In an organized warehouse, every address has a code and so does every product, making it easier to check records and movements, organize products, keep them in the correct positions, and protect them from losses or damage. Therefore, our recommendation is to correctly address the stock.

In this case, the traceability offered by the WMS comes to complete and enhance control, as with correctly identified items and addresses, the system can monitor all stock information (which product is in which position, what is the expiration date, which batch, etc.) and also the movements.

The traceability of the WMS starts with the control carried out at the entrance, but a blind control can also be performed, where the operator checks the items without knowing what is written on the waybill. This function prevents a series of common failures in many warehouses that affect accuracy.

Furthermore, upon receipt, the WMS automatically indicates the addresses, so your products will already be assigned to the best place, avoiding errors.

Your team is essential in this process. Therefore, train your employees to know how to correctly organize the stock. They must also learn to properly manage the products and accurately transfer the goods to avoid product losses. Show the importance of this system for stock control and the smooth running of warehouse processes.

When you perform your inventory daily, you can identify small discrepancies and make corrections before they become significant losses. But doing it manually is not an easy task, as it requires a high level of work and information organization. But with a WMS system, the difficulties practically disappear, as one of its features is the realization of cyclic inventories. With the software, counts happen while your store sells and your warehouse is operational.

If a product needs to be handled continuously, it is very likely to be damaged or even lost. Determine the number of touchpoints each product has during its journey through the warehouse and try to reduce them to the smallest number possible.

With WMS, it is possible to achieve this goal, as the system works so that the product is transferred only when it is really necessary.

Technology at this moment is your greatest ally. You can track and control all internal movements of a product until its release. This way, it is possible to avoid losses, misplacements, and theft of materials. Additionally, it also contributes to making the entire internal logistics process more agile.

With WMS, this occurs by emitting a beep on the barcode and checking important data such as batch, expiration date, or IMEI. All information is recorded in the system as soon as a product enters the warehouse. It is worth remembering that, thanks to the high traceability offered by the WMS, any stock variation is automatically recorded, which affects accuracy.

The WMS also helps control damage and monitor exactly where each product is: if it is stored, if it has already been sorted, if it has been shipped, and where it is destined. Moreover, the system prevents you from incurring losses. In addition to coordinating stock rotation according to FIFO and FEFO parameters, the WMS issues notifications when a product is close to expiration, helping to make strategic decisions to avoid unnecessary losses.

Therefore, the WMS can greatly help you maintain a high accuracy rate, also impacting productivity, safety, and cost reduction!

More accuracy, more profitability

As we said, accuracy is an extremely important factor to avoid losses in the warehouse and also to serve customers well. This means that accuracy is directly related to the profitability of your business. If you want to achieve better results, make sure to pursue this inventory accuracy: we are sure it will be an important step towards success!


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