{"id":5225,"date":"2021-01-26T21:48:48","date_gmt":"2021-01-26T21:48:48","guid":{"rendered":"https:\/\/mpulsesoftware.com\/?p=5225"},"modified":"2025-07-30T06:18:31","modified_gmt":"2025-07-30T06:18:31","slug":"inventory-management-crucial","status":"publish","type":"post","link":"https:\/\/mpulsesoftware.com\/blog\/cmms\/inventory-management-crucial\/","title":{"rendered":"Why Inventory Management For Parts &#038; Supplies Is Crucial For Your Business"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">A lot of capital sits in your stockroom. Yet inventory management is consistently one of the most overlooked parts of maintenance management. Many organizations still simply order the parts they need when they need them. Maybe they even buy an extra one, which usually sits on the shelf, forgotten and unused.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But, many organizations realized the importance of inventory management when COVID-19 hit in 2020. Suddenly shipping delays and limited supplies made it hard to get basic cleaning supplies, not to mention vital parts.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Inventory management can help you prevent time- and money-wasting problems like running out of parts, searching for lost parts, or duplicating inventory you didn\u2019t know you had.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">And CMMS can help.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-flat ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/mpulsesoftware.com\/blog\/cmms\/inventory-management-crucial\/#How_Inventory_Management_Saves_Time_Money\" >How Inventory Management Saves Time &amp; Money<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/mpulsesoftware.com\/blog\/cmms\/inventory-management-crucial\/#Benefits_of_Using_Inventory_Management_Software\" >Benefits of Using Inventory Management Software<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"How_Inventory_Management_Saves_Time_Money\"><\/span><span style=\"font-weight: 400;\">How Inventory Management Saves Time &amp; Money<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Inventory Management can help quickly identify what you need for which piece of equipment. It helps your organization save time and money by improving tracking, stocking, ordering, and inventory processes. When an emergency arises, this information also provides critical data for making cost-efficient decisions.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With CMMS software, you\u2019ll know stocking levels, reorder points, storage locations, and supplier information with just a click. You can also track various units of measure for a single inventory item. For example, you might purchase oil by the barrel, but use it by the quart.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Benefits_of_Using_Inventory_Management_Software\"><\/span><span style=\"font-weight: 400;\">Benefits of Using Inventory Management Software<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The biggest benefit of <\/span><a href=\"https:\/\/mpulsesoftware.com\/software\/features\/parts-supplies-inventory-management\/\"><span style=\"font-weight: 400;\">Parts and Supplies Inventory Management<\/span><\/a><span style=\"font-weight: 400;\"> is controlling your cost of maintenance. Inventory Management Software gives you the ability to\u2026<\/span><\/p>\n<ul>\n<li aria-level=\"1\"><b><span style=\"font-weight: 400;\">Identify where parts or materials are stored, making it quicker and easier for staff members to find them and preventing duplicate orders because someone didn\u2019t look in the right place.\u00a0<\/span><\/b><\/li>\n<li aria-level=\"1\"><span style=\"font-weight: 400;\">Enable coworkers to reserve certain parts, ensuring the right parts are available for a particular job. You can also track issue quantities for situations where you only have one part on hand when the job takes two.<\/span><\/li>\n<li aria-level=\"1\"><span style=\"font-weight: 400;\">Control your stock based on need and availability, so the right parts are on the shelf, yet you can minimize other parts that are used less frequently. For example, if a critical part has a three-week lead time, you can adjust stocking levels to make sure it is available when your staff needs it.\u00a0<\/span><\/li>\n<li aria-level=\"1\"><span style=\"font-weight: 400;\">Track shipments, vendor performance and warranty information, including slow-moving parts to return to the vendor. That helps you control capital outlays on unused or underused parts and materials.<\/span><\/li>\n<li aria-level=\"1\"><span style=\"font-weight: 400;\">Automate cyclical inventory counts, reducing the man hours needed and ensuring the parts or materials in the system are actually sitting on the shelf or in the parts bin.\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">[related-content]<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Your organization can save time and money by improving tracking, stocking, ordering, and inventory processes.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">CMMS is the best tool you have for gathering, analyzing, and reporting data about your maintenance operations. <a href=\"https:\/\/mpulsesoftware.com\/contact\/\">Contact us<\/a> to learn more. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A lot of capital sits in your stockroom. Yet inventory management is consistently one of the most overlooked parts of maintenance management. Many organizations still simply order the parts they need when they need them. Maybe they even buy an extra one, which usually sits on the shelf, forgotten and unused.\u00a0 But, many organizations realized the importance of inventory management when COVID-19 hit in 2020. Suddenly shipping delays and limited supplies made it hard to get basic cleaning supplies, not to mention vital parts. Inventory management can help you prevent time- and money-wasting problems like running out of parts, searching for lost parts, or duplicating inventory you didn\u2019t know you had. And CMMS can help. How Inventory Management Saves Time &amp; Money Inventory Management can help quickly identify what you need for which piece of equipment. It helps your organization save time and money by improving tracking, stocking, ordering, and inventory processes. When an emergency arises, this information also provides critical data for making cost-efficient decisions.\u00a0 With CMMS software, you\u2019ll know stocking levels, reorder points, storage locations, and supplier information with just a click. You can also track various units of measure for a single inventory item. For example, you might purchase oil by the barrel, but use it by the quart. Benefits of Using Inventory Management Software The biggest benefit of Parts and Supplies Inventory Management is controlling your cost of maintenance. Inventory Management Software gives you the ability to\u2026 Identify where parts or materials are stored, making it quicker and easier for staff members to find them and preventing duplicate orders because someone didn\u2019t look in the right place.\u00a0 Enable coworkers to reserve certain parts, ensuring the right parts are available for a particular job. You can also track issue quantities for situations where you only have one part on hand when the job takes two. Control your stock based on need and availability, so the right parts are on the shelf, yet you can minimize other parts that are used less frequently. For example, if a critical part has a three-week lead time, you can adjust stocking levels to make sure it is available when your staff needs it.\u00a0 Track shipments, vendor performance and warranty information, including slow-moving parts to return to the vendor. That helps you control capital outlays on unused or underused parts and materials. Automate cyclical inventory counts, reducing the man hours needed and ensuring the parts or materials in the system are actually sitting on the shelf or in the parts bin.\u00a0 [related-content] Your organization can save time and money by improving tracking, stocking, ordering, and inventory processes. CMMS is the best tool you have for gathering, analyzing, and reporting data about your maintenance operations. Contact us to learn more.<\/p>\n","protected":false},"author":6,"featured_media":5229,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[12,13],"tags":[],"class_list":["post-5225","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cmms","category-maintenance-management"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.0 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Why Inventory Management For Parts &amp; Supplies Is Crucial<\/title>\n<meta name=\"description\" content=\"Discover the crucial role of inventory management for businesses. Avoid wasted time and money with effective inventory management strategies.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mpulsesoftware.com\/blog\/cmms\/inventory-management-crucial\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Inventory Management For Parts &amp; Supplies Is Crucial For Your Business\" \/>\n<meta property=\"og:description\" content=\"Discover the crucial role of inventory management for businesses. 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