Inventory Management
Inventory Management Module is a tool that allows you to track goods as they move through your company's supply chain. It optimises the entire spectrum, from order placement with your vendor to order delivery to your customer, mapping the entire product journey. Businesses can reduce waste, analyse trends, and make better investment decisions by accurately tracking their goods.
The primary advantage is
Centralized Storage
The more stock locations you have to manage, the more difficult managing orders and tracking stock availability becomes. With the inventory management module, you can determine the availability of your items and locate them in seconds, even if they are stored in different warehouses or stores.
Stock Control
Stock control is a company's effort to provide stock items needed to meet consumer demand. The inventory management module allows you to keep track of your stock availability and ensure that it is always adequate. When the inventory runs low, the system notifies you so you can re-order right away.
Reduced Costs
The inventory management module keeps your company from incurring financial losses as a result of human errors, excessive stock storage, unnecessary purchases, late deliveries, and so on. You don't need to spend extra money on additional systems to manage your inventory if you have a centralised and integrated system.
Customer Satisfaction
The inventory management module ensures that all customer orders are properly fulfilled by providing real-time information about your inventory levels. You can also track shipments until they are delivered to customers using the system. As a result, this system ultimately contributes to increased customer satisfaction with your services.
Accurate Planning & Forecasting
An inventory management solution enables you to be more proactive in planning and forecasting your inventory requirements. With complete and accurate inventory reports, you can determine which products are the most popular, which are rarely ordered by consumers, how much inventory you should carry in the coming months, which suppliers are the most profitable, and any other important information that helps improve your business's productivity.