Windward Insider Blog
4 Ways Inventory Software Helps Lumber Companies Flourish
Precise inventory control is an essential part of any well-organized company, and the lumber industry is no different. For some, it might seem strange to assign a part number to a piece of 10-foot, 2x4 fir, but that’s exactly what inventory software does to keep track of your product.
Whether they’re DIY handymen or professional contractors, your customers rely on your lumber to complete their projects. If it’s not available because your lumberyard struggles to maintain stock levels, it will quickly start to affect your business.
Here are a few ways lumber software will streamline your processes, reduce overhead and keep customers coming back.
1. Empower Your Employees
Inventory software isn’t just a management tool; it’s a tool for employees. Used correctly, it will enable everyone in your lumber company to access the information they need to perform their jobs more effectively, no matter where they are:
- In a warehouse
- In an office
- Working from home
- Working halfway around the world
- In a transport truck
- Face-to-face with a customer
- In a shipping/receiving dock
Of course, you can set permission levels so that only certain system users have access to sensitive information.
2. Maintain Optimal Stock Levels
One of the key benefits of inventory software is that it lets you designate optimum stock levels for each product you carry. When inventory for a certain item drops below the assigned threshold, your business management system will remind you to place an order.
This helps keep your customers satisfied by assuring them of consistent availability of the products they need.
3. Track Inventory
A reliable inventory control software system is one that lets you monitor shipping, receiving and in-store stock, all from one central hub. As stock moves through your supply chain—whether you’re shipping, receiving or selling—the system will track the movement in real time.
4. Take Care of Contractors
There will be times when a contractor places an advanced order for a future project, but won’t want it delivered until closer to the start date. There have been many instances when the lumberyard goes to assemble the order later on, only to realize they no longer have enough stock.
Inventory software helps you overcome this challenge by placing the requested items on hold. Your inventory will be adjusted to only show what’s available, helping eliminate instances where product over-sold.
These on-hold requests can be documented in a work order and assigned to a specific customer. You can help ensure they remain committed to the sale by requesting a down payment. No accounting work is required until the customer is billed on delivery.
If you operate multiple stores, read our post: Why Inventory Control Software Is a Must for Multiple Locations.
Is your lumberyard struggling with inventory management? Windward Software has developed an integrated business management system that features powerful inventory software to help you control stock levels. Call us to learn how we can help you streamline the way you operate.