Inventory management is crucial to the smooth running of any business, but for many, it’s a constant source of frustration. From inaccurate stock levels to the endless hours spent on manual data reconciliation, the pain points of inventory management are real—and costly. According to research, businesses lose an average of 5-10% of their annual revenue due to inventory inefficiencies (Source: Supply Chain 24/7), making it one of the most significant areas for improvement in any business.

The good news is, you don’t have to tackle inventory problems alone. With Insight Works’ Advanced Inventory Count, these common inventory headaches can be eliminated, saving you time, reducing errors, and improving your bottom line. Here’s a closer look at how Advanced Inventory Count can transform the way you manage your stock.

The Pain of Inaccurate Stock Levels: Solved

One of the most common—and most frustrating—issues businesses face with inventory is inaccurate stock levels. These discrepancies can lead to stockouts, overstocking, and ultimately missed sales opportunities. 43% of businesses report that inventory inaccuracy is a significant challenge for them (Source: National Association of Wholesaler-Distributors), and 77% of businesses that manage inventory manually are prone to mistakes (Source: Supply Chain 24/7).

Advanced Inventory Count solves this problem by automating stock counting, drastically reducing the chances of human error. By streamlining your processes, this tool ensures you always have an accurate view of your stock, making stockouts and overstocking a thing of the past. The result? Increased reliability, fewer lost sales, and better customer satisfaction.

Seamless Integration with Business Central: A Unified System

In today’s business world, efficiency is key. So, if your inventory management system doesn’t seamlessly integrate with your other platforms, you’re essentially working with one hand tied behind your back. Unfortunately, many businesses still rely on outdated or disconnected systems that make it difficult to get real-time insights or update records across different platforms.

With Advanced Inventory Count, you don’t have to worry about juggling multiple systems. The tool integrates directly with Microsoft Dynamics 365 Business Central, which means you can track and manage your stock from the same place you handle other business operations. The integration is simple and ensures that your inventory data syncs automatically, so you always have up-to-date information right at your fingertips.

This seamless integration reduces the time spent on manual data entry and eliminates the risk of errors caused by transferring information between systems. Business Central users experience improved efficiency across the board—streamlining the way your business operates from top to bottom.

Faster Reconciliation: The Time Sink You Don’t Have to Endure

Inventory reconciliation is a time-consuming task that often takes hours or even days to complete. According to a 2018 study by Wasp Barcode Technologies, 58% of small businesses report spending more than two days each month manually managing their inventory, which is a huge drain on resources. It’s not just the time spent—it’s the mistakes that come with manual processes, which can lead to significant losses.

The good news is, that Advanced Inventory Count eliminates this hassle. By providing real-time data, you can reconcile stock instantly and accurately, reducing the time spent on audits and stocktaking. Real-time updates allow you to spot discrepancies immediately and make necessary adjustments, ensuring that your stock levels are always in perfect alignment with actual availability.

Faster reconciliation means fewer mistakes, smoother audits, and less time spent on manual processes—allowing your team to focus on more value-added tasks.

Smarter Decision-Making with Real-Time Data

Accurate and timely data is critical for making smart business decisions. Without up-to-date inventory information, it’s impossible to forecast accurately, manage stock levels effectively, or make informed purchasing decisions. According to a McKinsey & Company report, 69% of businesses that leverage real-time data report improved decision-making abilities, and for good reason—data-driven decisions allow businesses to stay agile and optimise resources efficiently.

Advanced Inventory Count provides exactly that: real-time inventory updates that help you make smarter decisions. Whether it’s about purchasing, stock allocation, or forecasting, the tool empowers you with the insights needed to stay ahead of demand, avoid stockouts, and prevent overordering. Instead of relying on guesswork, you can make informed decisions that keep your operations running smoothly, reduce waste, and ultimately save money.

Reducing Costs with Improved Stock Control

The financial impact of poor inventory management can be significant. Companies that fail to manage their inventory effectively can face hefty storage costs, lost sales, and excess inventory holding costs. In fact, businesses that optimise inventory management can see a 10-30% reduction in inventory holding costs (Source: Gartner), which can make a huge difference to the overall profitability of your business.

Advanced Inventory Count not only helps with stock accuracy but also helps you optimise your entire inventory workflow. By reducing the amount of manual tracking and eliminating errors, businesses can significantly cut down on the hidden costs of poor inventory management. In addition, smarter stock control allows you to use your warehouse space more efficiently, reduce waste, and make better use of your resources.

Optimising Your Entire Inventory Workflow

The value of Advanced Inventory Count lies in how it optimises your entire inventory process. By automating counting, syncing data seamlessly with Business Central, and offering real-time updates, this solution reduces inefficiencies across the board. Inventory becomes more accurate, workflows become more streamlined, and your operations become more cost-effective.

Businesses that have implemented advanced inventory management solutions like Advanced Inventory Count often see improved operational efficiency, faster stock turnover, and a better ability to scale. A streamlined inventory workflow means fewer bottlenecks, less waste, and ultimately more profitability.