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Traditional inventory tracking methods have the potential for error. Small errors such as miscalibrated belt scales add up over time. These errors are not discovered until a quarterly or semi-annually survey takes place, typically leading to a sizable inventory adjustment that can derail a company’s financials.
We know it is tough to reduce inventory risk without a precise, affordable and user-friendly measurement solution. This is why we have spent the past 7 years working with forestry and paper companies to provide you with a measurement solution to track your entire inventory at scale with minimal effort. Weekly or monthly measurements of your entire inventory mean you will no longer run the risk of a large inventory adjustment. No more painful surprises for your CFO and CEO.
of paper and paperboard will be produced by 2020
is to find the next level of cost optimization
from graphic paper to packaging and pulp for hygiene products
Forestry products have a dynamic volume throughout the production cycle which poses difficulties for volume tracking. Wood fibers such as bark and pulp compress over time at different rates based on composition and stockpiling methods. Shrinking stockpiles appear as leakages on the books. Calculating accurate compaction rates in the past have been difficult due to the cost and skill level required to take frequent and precise measurements. Stockpile Reports provides a fast and easy solution for frequent stockpile measurement during production to calculate accurate compaction rates. Your finance team will no longer be surprised when a pile’s volume shrinks over time.
Forest products companies measure inventory on a daily basis to ensure they are meeting production targets. However, manual inventory counts pose a significant risk to employees health and safety, exposing the company to the risk of a workplace injury. Just one workplace injury can set back a company day or week of production and hundreds of thousands of dollars in lost revenue. You can automate the inventory measurement process with Stockpile Reports by using fixed-cameras, iPhones, and drones, eliminating the risk of injuries and lawsuits.
Nothing is more painful than discovering you have a sizeable inventory adjustment at the end of the quarter due to simple data entry mistakes. Manual data entry is riddled with errors and inconsistencies. Your inventory measurement and tracking process are entirely automated with Stockpile Reports, eliminating human error and human intervention. You will never have write-off again due to a simple data entry error.
Verso Corporation, a leading North American producer of specialty and graphic papers, packaging and pulp, has been utilizing Stockpile Reports services to better manage their stockpile inventory. In order to meet customer needs and demands, Verso Co. chose Stockpile Reports as a trusted vendor for inventory measurement and management.
Please contact us if you would like to try Stockpile Reports at your company. We’ll connect you with an inventory specialist that will walk you through our platform and tailor the demo to your company's specific needs and goals.Contact Us