By the Operations Team
Being able to respond quickly means having the right materials on-hand.
Ongoing supply chain issues can cause delays that prevent you from being able to get the materials you need to make necessary repairs and keep residents happy.
How can you ensure you have the right materials on-hand without accumulating a massive stockpile i.e. idle $?
Inventory Par sheets.
Par sheets are a tracking system that helps manage the optimal level of inventory that should be on-hand at all times.
We use par sheets to ensure we have the expected inventory to maintain a building for around 30-days.
Should supply chain issues temporarily disrupt a product’s availability, service to our residents remains uninterrupted for at least 30-days.
Happy residents = less turnover. Less turnover = more NOI.
Par sheets also provide the bonus of working seamlessly with a monthly Purchase Order System.
How many labor hours you could save if staff place orders once a week instead of daily?
No longer saddled with excessive administrative tasks, he or she could be out renting more units and servicing existing residents…reminding them why they love where they live…increasing the chance that they’ll renew their lease.
Par sheets – they’re not just for bars & restaurants.
