Stock Management throughout the Supply Chain

The practice of keeping track of what you have, what you need, and ensuring nothing gets lost or wasted along the way is critical for the success of any business.

Without efficient stock control, businesses are at risk for increased operating costs, higher waste and a loss of profits. At COREmill, our purpose-built solution gives you complete control over your stock management process.

Let’s further explore why it’s so critical…

What is stock control?

At its core, stock control ensures that businesses can meet customer demand efficiently while minimising the costs associated with storing and maintaining excess inventory.

If done right, effective stock control reduces logistics costs while always maintaining the ideal inventory levels. To achieve this, you’ll need the right tools and data to make more accurate supply and demand predictions. This prevents issues such as overstocking, which ties up capital and increases holding costs, or running out of stock, which can lead to lost sales and dissatisfied customers.

Stock control is relevant to all industries, however, in feed milling, stock control takes on an even greater significance.

Why is stock control important for feed mills?

Feed Mills must manage a wide variety of inputs, including raw materials, additives and supplementary products that they may also supply. Managing each of these resources plays a crucial role in day-to-day operations and managing them effectively is vital to maintaining productivity and profitability.

For example, running out of critical raw materials to meet seasonal demand or over-purchasing perishable additives that go unused for months could lead to significant inefficiencies and financial loss.

Additionally, the agricultural industry faces unique challenges, including:

• Seasonal fluctuations
• Market volatility
• Livestock health
• Unpredictable weather affecting crops

Efficient stock control systems are invaluable in helping farmers adapt to these variables. By providing real-time data and insights, our systems empower agricultural businesses to maintain balance, reduce waste, and ensure that resources are always available when needed.

How to manage stock control with COREmill

• COREmill manages over 50% of all of Irish grain intake
• Trusted by 50% of all feed compounders in Ireland
• Suitable for mill operations of all sizes

There are a multitude of interconnected elements to get right when it comes to stock control. Managing all of these can feel overwhelming for businesses. But it doesn’t need to.

COREmill is a comprehensive feed mill management system designed to help you run an efficient and profitable business, while optimising every aspect of your feed production. Whether you’re a single mill or a complex, large, multi-mill operation, our software streamlines your processes, optimises efficiencies and reduces uncertainty.

Our software integrates seamlessly with process control and formulation systems, automating data flow and eliminating manual interventions. This ensures businesses have real-time visibility of their inventory – including stocks held at third-party locations – reducing the risk of overstocking or running out of essential supplies.

For feed mills, COREmill tracks raw materials from the time of initial purchase through to their arrival at the weighbridge to their storage in silo bins, preventing contamination or spoilage. By managing formulas in advance and aligning them with production schedules, the software allows for precise feed manufacturing based on customer orders, reducing inefficiencies.

Features of COREmill to support stock control:

• Stock management
• Stock valuations
• Batch traceability

Inventory management

COREmill simplifies inventory management through automation and advanced data analytics. Unlike more generalised software, ours is tailored specifically to suit the specific requirements of the industry. With COREmill, you’ll be able to:

• Monitor stock levels in real-time
• Predict future stock requirements
• Effortlessly view sales order history
• Access sales & margin control
• Gain greater cost control
• Improve sales processes with load planning
• View customer trends
• Track raw material batch over multiple locations

→ These are just a handful of COREmill’s exciting capabilities. Find out more about our COREmill software here.

How can stock control improve profitability?

• Reduces waste
• Minimises storage cost
• Avoids stock shortages
• Increases sustainability

Ultimately, effective stock control is crucial for improving profitability. By making sure that your inventory levels are optimised, your business will reduce waste, minimise storage costs and avoid costly stock shortages or overstocking – common challenges in the agricultural industry.

Beyond direct cost savings, efficient stock control can also decrease your business’s carbon footprint, aligning with sustainability initiatives. This not only enhances your environmental impact but can also be a key factor in securing funding and gaining access to new opportunities in an increasingly sustainability-driven market.

Interested in what COREmill could do for you?

There’s a reason we’re trusted to manage over 50% of all Irish grain intake. Are you ready to optimise your stock control? Get in touch with us today to discuss the benefits of seamless inventory management, reduced holding costs, and enhanced productivity.

Give us a call on +44 1257 237999 (UK) or +353 25 41400 (Ireland) to find out more.