Inventory Management
Optimize inventory levels and make informed business decisions
Companies can plan ahead and gain competitive advantage through inventory accuracy and visibility across multiple warehouses.
Real-time inventory reporting leads to greater confidence in inventory accuracy through the use of bar code technologies. Daily end-to-end inventory transactions provide complete traceability and detail lot tracking.
High inventory accuracy reduces the need for physical and cycle counts. Use of bar code technology and mobile apps makes inventory counts much more efficient and effective.
Accurate inventory helps companies improve business operations and enhance customer satisfaction by producing better production schedules and delivering on-time products.
Reliable inventory levels save costs, increase profits and free up money for other operations in your business.
What It Does
Track Real Time Inventory Transactions
Automatically track each inventory transaction and create a comprehensive audit log and accurate part balances to help manage plant operations.
Perform Physical Inventory and Cycle Counts
Use Wi-Fi enabled tablet apps and scanners for cycle and physical inventory counts to reduce time and labor needs and increase accuracy of collected data.
Manage Lot Traceability
Track inventory from purchased and used raw material through lots produced and shipped with drill down and lot audit capabilities that allow for root cause analysis, and proper containment and resolution.
Locate Inventory
Track inventory by warehouse and location within the warehouse. Location level tracking optimizes movements of raw materials, WIP and finished goods.
Facilitate Customer Returns and Concerns
Approve and plan disposition of returned material, provide initial traceability for root cause analysis, and automate customer refund and supplier CUM adjustment.
Manage Engineering Change Levels
Create, plan and implement engineering changes to control product and process modifications.
Why It Matters
Maximize Efficiency and Productivity in Operations
Improve inventory accuracy through recording real-time transactions that reduce cycle counts, generate stable schedules, and save time and effort.
Prevent Product Shortages
Avoid scheduling interruptions as a result of insufficient material. Increase customer satisfaction and decrease expediting expense with on-time delivery.
Eliminate Excessive Inventory and Mitigate Obsolescence
Increase inventory turnovers to ensure better use of working capital. Reduce extra handling and storage space costs. Support lean manufacturing strategies by reducing waste.
Lower Costs
Decrease inventory write-offs and reduce inventory carrying costs through effective inventory practices.