52% of survey respondents state that they have somewhat to poor insight into the movement of supplies at their institution.*
Consumable inventory management is one of the easiest ways to make a big impact on your overall operations budget. Without a way to properly track inventory, parts get lost, moved, broken, or they “walk away.”
Savvy facilities managers are turning to sophisticated inventory management software solutions to carefully and accurately measure inventory across the life cycle — and reduce inventory shrinkage by 2-3%.
Last week, Dave “DK” Kornegay, SchoolDude’s Community Manager, shared some tips for better managing your consumable inventory.
- Think of how you store items
- Set min/max or high/low levels on those stock area
- Get data from your vendors to build your list vs. sending your team in to the warehouse to prepare a database
- Don’t over complicated Item ID #s
For more tips and tricks on inventory management you can view the full webinar, Tips for Controlling Your Consumable Inventory here.
*Survey of attendees of the webinar, Tips for Controlling Your Consumable Inventory, July, 28,2016.