Top 5 Ways Business Intelligence Can Enhance Inventory Control

Traditionally, organizations manage their inventory based on the data that they derive from their ERP software. However, this arrangement does not seem sufficient, and business intelligence has emerged as an excellent solution to manage inventory control.


Earlier, it was beyond the reach of small businesses, but now the story is different with the easy availability of plenty of tools powered by BI. So, let’s learn the top five ways by which it can enhance the same. So, here we go!

Boost Stock Visibility

It can be tough to manage your stocks manually. You can well imagine the hardship that will involve going physically from one warehouse to the next to confirm whether a certain item is in stock or not! Embracing business intelligence can save your day by enabling real-time tracking of stocks via barcoding or radio-frequency identification (RFID). This undoubtedly improves the stock visibility. 

Offers Market Insights

Keeping tock of items in trend or demand can help you to improve your sales. This is also a way to control your inventory in a better way. Business intelligence (BI) offers the necessary market insights by which you can know about such products or services. By glancing at the marketing reports generated by BI, you can figure out the products in which you must invest to include them in your inventory stock.

Lowers Theft Rate

Today, plenty of businesses have to deal with the problem of stock theft in their warehouses. Sometimes installing several CCTV cameras serves no purpose. BI helps in lowering the theft rate by offering intelligent analysis in which it is a cakewalk to identify the trouble areas and plan prevention strategies accordingly.


Efficient Labor Management

Supply chain management (SCM) is a vital component of inventory control, and it demands sufficient manual labour. It is imperative to create a schedule in which tasks are efficiently assigned to each employee. For the same, many businesses are now making use of business intelligence reports to know the number of available employees and the best one to do a specific task in your supply chain.

Enhances Billing Process

The process of billing can be sometimes very taxing. So, many businesses are forced to set dedicated departments for the same. Even this does not suit clients who do not like to wait. Having a business intelligence tool helps to smoothen this billing process as many of these tools send a notification to the warehouse manager whenever a client makes the payment. Sounds too good!

In a nutshell, it becomes evident that business intelligence can enhance inventory control. However, this is also vital to know that the right BI tool must be used. The best course of action is to choose the one that comes with a free trial.

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