Inventory tracking and management are crucial to the success of any business. According to data, holding dead inventory can cost 25% to 30% of buying the unit. For an electrician business, you do not want to incur these hefty costs on your bottom line, impacting payroll and service delivery to your customers.
Your inventory tracking process affects more than just the dead stock in your warehouse. Poor inventory management can also cause service delays, with customers waiting prolonged for a part to be shipped to your warehouse before their work order can be completed.
So, how do you closely monitor your inventory using the best techniques and software? Here’s what you need to know.
Why Inventory Management is Crucial for Electricians
An electrician’s inventory is one of their most valuable assets. Inventory for an electrical business holds tools, equipment, and parts necessary to complete work orders and offer smooth customer service. A shortage of inventory or dead…