Here at Signet, we offer a range of services designed for the drinks and luxury packaging industry, including our specialism in packaging embellishments. However, we also offer a stock management system for our products. This is a service that offers our clients a way to manage their stocking system when it comes to working with Signet. Our stock management system allows customers to pick between the scheduled reoccurring ordering of products or, alternatively, reordering at an agreed upon time, during which Signet contacts the client to check on stock.
Stock management, also known as inventory management, is a tried and tested method of ensuring that businesses have exactly the amount of stock required – as well as preventing a shortage of stock.
Time and Money
By setting up a well-functioning management system, and keeping track of the products that you have in stock, you can save money through lower inventory holding costs, money that could otherwise have been spent – and ultimately wasted – on slower moving products. You also have a clear list of the number of products you need to replenish. This helps you to save time, as it means that you need to spend less time going through your existing stock before ordering additional products.
Productivity and Efficiency
Having a perfected stock management system also means that you always have access to the products that are required, which leads to fewer stock shortages. This prevents the low levels of productivity and efficiency that can be experienced while waiting for stock to be replenished.
At Signet, we offer two types of stock management systems – automatic reordering and stock check. Automatic reordering means that Signet will set up a recurring order with the customer; this means that orders will arrive as scheduled, preventing low stock or the need to manually order and replenish items. Stock check involves Signet studying customer usage patterns and scheduling a call to discuss re-ordering with customers. This allows customers to be aware that they will need a restock, and gives them time to calculate what they need before ordering – without the risk of forgetting to order. The reordering can vary from customer to customer depending on their usage or order pattern; some may get a call monthly, while some only receive a call annually. As our products are smaller items, it can be easy for brands to forget to order items in time. However, due to the longer lead time of our products when compared to other components, if forgotten, this can lead to larger ramifications – potentially delaying the release and distribution of products due to them being incomplete. This is why our stock management system is so beneficial to our customers. It can make inventory easier, and ensure that everyone has the materials and products required to produce and deliver products in a timely fashion. At Signet, we ensure that we only contact customers about stock, or reordering stock, when and if the customer needs to. We understand the need for our customers to be fully prepared and stocked, which is why we believe in making reordering as easy as possible for our customers.
Our stock management system works alongside the rest of the wider Signet team, championing the company values and supporting our commitment to innovation and growth. At its core, this service is about ensuring that we are doing our best for our customers, leaving them satisfied with our service.
We’d love to find out more about your product or brand and we’d be delighted to arrange a consultation to discuss your product embellishment needs – simply fill in the form and we’ll be in touch.
Alternatively, give us a call on 01733 396080
