Now more than ever, we are living in a digital world where access to information is a top priority. If 2020 has taught us anything, we’ve learned that being nimble is critical to achieving long-term business success. Going paperless with a digital warehouse management solution can not only help you adapt as the market changes, but also provide real-time insights from any location and improve your bottom line.
There are four key money saving benefits to going paperless that are often overlooked in the manufacturing world.
1. Reduced Errors
Did you know that, on average, humans make one error per every 300 characters entered? These errors are more easily avoided with a paperless system. We’re all human after all; so when an error does occur, corrections can be made quickly and seamlessly as transactions occur in the warehouse. With paper, errors may not be caught until days, or even weeks later.
2. Less Wasted Time
How much time do you spend entering data manually? And afterwards, can you rely on the accuracy of those numbers at any given moment? Have you ever walked across the warehouse in search of an item, only to find that it is not where it is supposed to be? Before you know it, 30 minutes have been wasted looking for it. Going paperless, not only reduces duplicate data entry, but saves time by helping you to locate items in your warehouse with the ease of a hand-held device.
3. Lower Warehousing Costs
Good warehouse space is important, but expensive. Inaccurate inventory numbers drive the need for larger inventories and increased warehouse space to compensate. Reduce errors and maximize the space you already have by improving your processes and going digital.
4. Higher Satisfaction
Inventory inaccuracies and mispicks create frustration, reduce customer satisfaction, and negatively impact your bottom line. On average, one mispick can cost a warehouse up to $200. That number can add up quickly. Investing in an inventory system that increases accuracy and efficiency will also result in increased satisfaction for all parties involved.