WE CREATE
Inventory management system
Across industries, “inventory” more broadly refers to stored sales goods and raw materials and parts used in production.
- Improve Inventory Controls
- Protect Inventory Accuracy
Fill process gaps so inventory records are always up to date Improve efficiency and accuracy with inventory process automation Add deeper inventory controls to manage shrinkage from loss, theft, or error
- Expand Inventory Visibility
Build confidence that you have the stock levels needed to fulfill customer demand Manage real-time inventory across one or many locations including third parties Share your inventory transactions with your ERP or WMS
Features & Benefits
The goal of inventory management is to understand stock levels and stock’s location in warehouses. Inventory management software tracks the flow of products from supplier through the production process to the customer. In the warehouse, inventory management tracks stock receipt, picking, packing and shipping.
Some inventory management techniques use formulas and analysis to plan stock. Others rely on procedures. All methods aim to improve accuracy. The techniques a company uses depend on its needs and stock.
There are 12 different types of inventory: raw materials, work-in-progress (WIP), finished goods, decoupling inventory, safety stock, packing materials, cycle inventory, service inventory, transit, theoretical, excess and maintenance, repair and operations (MRO). Some people do not recognize MRO as a type of inventory.
