From Storage to Sale: How Grain Inventory Management Optimizes Your Bottom Line

Regardless of industry, inventory management plays a critical role in your business’ success. Inventory management is used to monitor how goods move through the supply chain, meet customer demand, and generate revenue.

In farming, accurate inventory management can elevate an operation from producer to strategic partner. Growers who accurately and consistently capture the quantity, quality, and location of their grain help to reinforce their position of supplier of choice with processors.

Who is using farm management software to support inventory management?

The Stratus Ag Research report “Dynamics of Data in Ag” shows that 55% of Canadian and 65% of U.S. farmers use farm management software.

Farm operations of all shapes and sizes rely on inventory management to provide accurate information to help make informed decisions on supply chain management and, ultimately, generate revenue. Depending on the size of your operation, tracking inventory can be a substantial expense — collecting information from employees and manually tracking inventory on a spreadsheet can be time-consuming, prone to error, and hard to scale as your farm grows.

With farm management software like Farm At Hand, you can easily record and access accurate, real-time information.

“In 2019 we brought our grain in wet and had to move it from the bin into a dryer, then into a different bin. But it was easy to keep track of where our loads were, where our product was, where our commodity was, and in which bins – Farm At Hand made it super easy.” Dean Nelson, Wetaskiwin, AB

The benefits of accurate inventory management.

Accurate record-keeping allows you to make actionable decisions that directly impact your bottom line. Here are some of the benefits:

  • Storage Management — Create a virtual bin yard so you can track the location and available capacity for your bins and bags. Recording your grain’s quality attributes allows you to provide consistency and traceability to your partners along the supply chain, all the way to the end consumer. If you have an expansive network of storage bins and bags, you can also create efficiencies with haul-ins and outs through strategic bin management when managing delivery trucks.
  • Contract Satisfaction — Inventory tracking solutions provide a real-time inventory status to marketers so that you can make informed decisions based on commodity price and available product. Knowing exactly where your product is could mean faster deliveries, improved customer satisfaction and increased sales revenue.
  • Enhanced insights — Accessing real-time information eliminates inventory management errors and removes the guesswork in your sales position. Accurate reports offer a clear picture of your available space, available product, contract fulfillment, and year-over-year comparisons.

How to use Farm At Hand to manage your inventory

Farm At Hand’s inventory tracking capabilities allows you to record harvest dates, weather information, commodity, variety, and quantity in a centralized location that is easy to reference. Over time, you’ll benefit from improved financial accounting and lifecycle management.

Once you’ve added bins and storage in Farm At Hand, you’ll be able to see your current inventory at-a-glance, directly from your mobile device or computer. Farm At Hand users enjoy seeing the “progress bar” go up and down as inventory is moved.

Try Farm At Hand today. Sign up for an account and start a 30-day no-obligation Premium subscription to explore all of Farm At Hand’s features. Learn how here and then visit our Knowledge Centre to learn how to add a bin or bag to your farm.

Happy farming!