May 19, 2017

INVENTORY ANALYTICS SOFTWARE

INVENTORY ANALYTICS SOFTWARE SINGAPORE

Inventory Analytics software Singapore

Inventory Analytics software Singapore for Inventory management software is a computer-based system for tracking inventory levels, orders, sales and deliveries.It can also be used in the manufacturing industry to create a work order, bill of materials and other production-related documents. Companies use inventory management software to avoid product overstock and outages. It is a tool for organizing Inventory Analytics software Singapore Singapore data that before was generally stored in hard-copy form or in spreadsheets.

Inventory Analytics software Singapore is made up of several key components, all working together to create a cohesive inventory for many organizations’ systems. These features include:

Order management , Asset tracking  , Service management , Product identification ,  Inventory optimization

Companies often use inventory management software to reduce their carrying costs.[5] The software is used to track products and parts as they are transported from a vendor to a warehouse, between warehouses, and finally to a retail location or directly to a customer.

Inventory Management Software Singapore is used for a variety of purposes, including:

Maintaining a balance between too much and too little Inventory management software Singapore.

Tracking inventory as it is transported between locations.

Receiving items into a warehouse or other location.

Picking, packing and shipping items from a warehouse.

Keeping track of product sales and inventory levels.

Cutting down on product obsolescence and spoilage.

Avoiding missing out on sales due to out-of-stock situations.

 

Inventory Analytics software Singapore Materials System:

  • Workflow management system to handle entire Purchase, Sales processes including stock
  • Purchase involves, receive – weigh – segregate – store
  • Stock involves managing the product wise inventory in the facility
  • Sales involves, order – weigh – invoice – dispatch/ delivery
  • End to end visibility across the facility on product, quantity, unit price, customer – Inventory Analytics software Singapore etc

Inventory Analytics software Singapore  Materials – Benefits

  • No duplication of data and reduced human effort to manage day to day operations
  • Real time visibility across all aspects of operations like purchase, stock, sale & delivery
  • Benchmarks and Indicators in different colors to understand “operations health”
  • Implement industry best benchmarks across the operations using the MMS
  • Extend the reporting dashboard to Tablet PC’s, Mobile Inventory Analytics software Singapore etc
  • Reduce cost of operations Inventory Analytics software Singapore