What does inventory management encompass?

Inventory management is a broad term that covers a large spectrum of processes. There's some debate as to the entirety of its reach, but it's generally agreed upon that it entails all processes related to keeping an accurate count of your quantities - what's on hand, where it is, and, ultimately, what's free to sell. This would include, but is not limited to: receiving, re-ordering, product kitting, picking, packing, shipping, quality control, auditing, cycle counting, physical counts, returns, inventory tracking, and reporting. The ultimate goal of an inventory management system is to be able to locate any product in your warehouse at any time, in as few steps (preferably one!) as possible.


SkuVault as an inventory management system

As an inventory management system, SkuVault utilizes barcode scanners in conjunction with product and location barcode labels to manage your inventory. Products are created in SkuVault, product quantities are associated with physical locations in your warehouse, and from there, it's as simple as scanning the barcodes to add, pick, or remove quantities, or to check for quality control, to audit, or ship. SkuVault is an all-in-one solution without the all-in-one price tag - from day-to-day warehouse tasks like cycle counting, picking, and shipping, to promoting your growth by sourcing, re-ordering, and expanding to new marketplaces, SkuVault's features cover the gamut of inventory management processes.


Benefits of using SkuVault as your inventory management system

When you use SkuVault as your inventory management system, you can be certain that the quantities in your warehouse are accurately reflected on your marketplaces. Type or scan in a product's SKU or UPC to instantly see that product's associated locations and the quantities in each location, pending sales, product photos, product specifications, and more. We keep SkuVault's interface as simple as possible, with quality control features and barcode scanners to prevent human error, so your warehouse workers can just plug in their headphones and pick / pack / ship worry-free, and let SkuVault do the heavy lifting. Warehouse workers aren't the only ones on easy street with SkuVault - lowering human error means reducing out of stocks, mis-ships, and, ultimately, reducing negative marketplace feedback, and increasing marketplace rankings and sales. Click through our features to learn more about certain aspects of inventory management, like product kitting and quality control, in detail!