The Earth is where we laugh, cry, work – ultimately, it’s where we live our lives. Thankfully, both businesses and consumers are starting to consider more and more how our actions impact the beautiful Earth we live on. Are you thinking about environmental issues in your business? Inventory Management helps the planet by getting you closer to your eco-goals.
The reality of the matter is, that consumers are demanding eco-friendly solutions from companies they love. The younger generation is especially passionate about this. More than one in four Millenials and Gen-Z members believe businesses need to do their part in reducing human-caused climate change. One in four! People shop not only for the product itself but for what the product stands for. Being environmentally friendly is a must.
What can I do – you ask? Or what more can I do – if you are already doing some awesome things? We are inventory management experts and want to help you. Here are 4 simple ways inventory management can help you achieve your environmental goals.
How Can Inventory Management Help the Planet?
Are there certain items that always end up getting sold on clearance because of their expiration date? Or even worse – thrown away? When you have your inventory management software set up properly, you will see what goods you are actually using. Knowledge is power, and knowing what is happening in your warehouse is step one to getting more environmentally friendly.
Track Waste Stock – Optimize Your Buying
Once you know exactly what is coming in and what is going out, you’ll be able to see where you can optimize your buying even better. Some items might need to be ordered only once a week, instead of twice. Or another item might need to be ordered in smaller batches, more often. The goal here is to buy in just enough for you to be able to run your business without having to throw out big quantities of goods. Tracking your inventory well will also help with transport wastage. When you use transporting services optimally, you’ll be able to minimize your carbon footprint.
This all is not only good for your budget, but mother nature will be thanking you as well. The better your incoming goods are synchronized with the reality of your outgoing goods, the better. Inventory management can help the planet as well as your financial goals.
Corporate Social Responsibility – Share Your Progress
When you know how much waste you are producing, and how much you’ve been able to reduce it within the next few months, you can share this information with the world! Customers and stakeholders will be happy to hear you are taking steps to care for the planet. You could build a campaign around these numbers and let the world know you are doing everything you can to produce as little waste as possible. Share your progress and your future plans!
Being intentional with tracking your inventory will also help you share formal Corporate Social Responsibility reports. Putting a report together about what you are doing to take care of your social, ecological, and ethical responsibilities as a business will help you see what steps you can take next. Who thought Inventory Management Software would become a key part of your CSR efforts? It makes total sense though, as everything in business is connected.
Think of ways you can reuse things, or re-purpose items that otherwise would go to waste. This is when you really want to get creative! Innovating new solutions could not only help you be kind to the Earth but also produce a whole new product or service! And who doesn’t love new ideas?
Megaventory wants to do what we can to help you reach your environmental goals. We are all in this together – let’s make the Earth a place with less waste and more good ideas on how to be better.
Let’s Do Good Together – Get a Discount While You’re at it!
We have an offer for you! Get a discount by sharing how your business is using Megaventory to reach your environmental goals.*
If you aren’t a client already, now is the time! Show us how you’re working towards an environmentally friendly business and we will lower the price of your first subscription. Inventory Management helps the planet. Let us help you! Connect with us for the details.
*Offer Valid June 2021*
Irene Dimakides does Digital Marketing and Content Creation for Megaventory. Her passion is to see people and businesses reach their full potential and move forward in that more freely. When she’s not writing the next piece of original content, you can find her at the beach with a book or getting food with friends.