Inventory management

Inventory management is an essential part of logistics that focuses on managing the flow of goods within a company. It involves planning, controlling and optimizing inventory, with the aim of finding the balance between availability and costs. Effective inventory management helps companies to have the right products available at the right time and in the right quantity. This prevents both excess inventory, which causes unnecessary storage costs, and shortages, which lead to missed sales opportunities and dissatisfied customers. In an efficient logistics chain, good inventory management contributes to a faster lead time, less waste, and greater flexibility to respond to changes in supply and demand.

• Goods inventory management is a critical piece of your supply chain, not only ensuring that your customer receives the products they order in a timely manner, but has a positive impact on your cash flow.
• Data is king. Our WMS is not only highly-customisable, but also track product information which are important to your business. Some examples of product information we can track in our system includes:
  
  
• • Product numbers
  • Model numbers
  • Lotnumbers
  • Expiry dates
  • Serial numbers
  • Customer-specific information