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3 Basic Supply Chain Questions: How Wasp Inventory Control Can Help

When it comes to the supply chain, there are three questions to which knowing the answer is imperative: when, where, and how much? Luckily, there are inventory control solutions available to help businesses answer these important questions. Here’s why you need to know when, where, and how much, and how Wasp’s Inventory Control Solution can help:

When?

Stock control requires maintaining an adequate supply without excessive oversupply. Not knowing when to order inventory could lead to stock outs and backorders, which cut into gross profits. Not understanding your up-to-date inventory levels can also lead to overstocked items. Having too much inventory brings about its own share of issues, including increased storage costs. How Wasp’s Inventory Tracking can help: Wasp’s Inventory Control solution allows you to improve profitability and purchasing efficiency by giving you a clear picture of up-to-date inventory levels.

Where? When it comes to the supply chain, there are a number of reasons you might need to answer the question of where to find items. Oftentimes answering the question of where involves tracking and managing of inventory at multiple locations. It’s impossible to get inventory in the hands of a consumer if it’s lost at the warehouse. How Wasp’s Inventory Tracking can help: Wasp’s Inventory Control solution allows you to track inventory by site, lot, location, serial number, data code, or pallet.

Inventory control requires maintaining an adequate supply without excessive oversupply

How much?

How many Stock Keeping Units (SKUs) do you keep on hand per inventory item? Having an inventory control system allows you to use historical information to determine how much of any given SKU to have on hand and order based on the level of allowable stockouts. How Wasp’s Inventory Tracking can help: Wasp’s Inventory Control solution allows you to maintain comprehensive visibility of inventory details with 60+ embedded management reports and ensures the right items are in stock to meet customer demand. Now that you understand the why behind inventory control, are you ready to get control of your inventory? Test-drive Wasp’s complete inventory tracking solution. Request your free Inventory Control Demo to get started today.