Do you want visibility into the movement of stock from the manufacturer to your warehouse and then onto individual stores for sale? Do you want to know the count of the items, track them in real time and restock as needed? If you wish you had these capabilities and more like report generation and analytics at your fingertips, you need a smart inventory management solution.
Powered by IIoT, robotics and RFID, a smart inventory management solution collects and analyzes real-time location and offers 360-degree warehouse visibility. By doing so, it ensures that you have complete control of the inventory cycle, without a need to intervene at any point, automating it end-to-end.
Benefit from our 19 years of IoT and Industrial IoT experience. Get the best smart solution to manage your Inventory.
Our Smart Inventory Management Solution is designed to streamline your inventory operations and provide you with real-time visibility into your stock levels, order status, and replenishment needs. With automated inventory tracking, efficient order management, and insightful analytics, our solution empowers you to optimize your inventory management, reduce costs, and improve overall business efficiency.
Be in control with continuous monitoring of the inventory levels. This will help
you prevent stockouts and overstocking. By using barcodes or RFID technology,
you now have direct access to every product in your supply chain.
By
integrating with the point of sale, you no longer have to worry about manually
updating inventory levels after a day of sales. They are automatically updated
in a smart inventory management solution. You do not have to worry about items
reaching from the manufacturer reaching your warehouse or even moving further
down the supply chain either.
Demand forecasting involves predicting the demand for products depending on the
market trends, current demands and historical trends. Now you can meet customer
demands without worrying about overstocking.
This is done by advanced data analysis which analyzes current sales
data and generating purchase orders and even helping the manufactures with
production schedules to meet the current demands. You can also meet unexpected
fluctuations in demand and prevent stockouts, thanks to safety stock management.
This will not only help to satisfy surges in demand but shortages in supply from
the manufacturer.
Ever wanted a view of how all this was functioning right from the dashboard.
Yes, every insight you need is presented directly on neatly arranged dashboards.
In addition you can generate detailed reports, where you track how well the
inventory management solution has been working for you since the date of
installation,a nd how it can be improved.
You can track the inventory turn-over rate, which will help you
identify slow-moving items in your stock and help eliminate them if needed and
stock others. This way you business is working to meet immediate demands,
increasing its revenue considerably. You can also optimize ordering by
determining how often you run out of stock and when you are actually
overstocking. A smart inventory management solution also helps you analyze the
efficiency of each supplier.
Now you can process orders with greater efficiency. No more human errors within
orders or extra orders or far fewer orders placed. You can set re-order triggers
to go off when the stock goes below a minimum threshold. This will automatically
order items for you.
Communication is handled efficiently too with the suppliers and other vendors.
It will automatically communicate with suppliers to let them know when items are
not in stock, so that your business operations continue smoothly. Route
management is handled efficiently too, routing orders to the nearest or most
appropriate warehouse which can stock the given item. It is able to do this
because of advanced warehouse visibility.
With a smart inventory management solution, you gain a holistic view of the inventory based on location and specific goods and distribution channels. Such pinpoint accuracy enables you to carry your business operations smoothly without any impediments. The benefits of a smart inventory management system are:
You can track the stock levels of each item in real-time and get continuous updates wherever you are and on any device you are using, even on a mobile, through cloud-based remote monitoring. This happens through barcode scanning by using RFID.
Do demand forecasting by integrating with sales data continuously. A smart inventory management solution accounts for every sale you make, ensuring you can send out production schedules to suppliers accordingly.
Get advanced analytics capabilities and generate reports backed by AI for inventory turnover and regarding current trends. Get the support of other key decision-makers for any step you take to improve process efficiency and business growth.
The smart inventory management solution will generate reorder alerts on time and ensure that you stock items as per demand and even provide suggestions for you on what to order.
Never be at a loss on how to categorize the products you are procuring from the manufacturers. Get them auto-categorized through the smart inventory management system.
Retailers use smart inventory management systems to track stock levels, manage replenishment, and optimize shelf space to ensure products are available when customers need them.
Online retailers leverage smart inventory management systems to synchronize inventory across multiple channels, prevent stock outs, and manage fulfillment efficiently.
Manufacturers utilize smart inventory management systems to monitor raw materials, work-in-progress, and finished goods inventory levels, ensuring smooth production processes and minimizing disruptions.
Logistics companies implement smart inventory management systems to track goods in transit, optimize warehouse space, and streamline inventory flow across the supply chain.
Restaurants, cafes, and food service businesses utilize smart inventory management systems to track perishable goods, manage food costs, and minimize waste.
Healthcare facilities use smart inventory management systems to track medical supplies, medications, and equipment, ensuring timely availability and preventing stockouts or overstocking.
Optimized Technologies Inc. is an end-to-end IoT solutions provider, offering comprehensive services to businesses seeking to leverage the power of connected devices. We enable organizations to seamlessly integrate IoT technology into their operations, driving efficiency and innovation. With expertise in device connectivity, data management, analytics, and application development, we deliver tailored solutions that address specific challenges. Our expertise spans across industries, and our commitment to excellence ensures that our clients receive the highest level of service and support throughout their IoT journey. Partner with us to embark on a transformative IoT journey and unlock new possibilities for your business.