GreenMedia Inventory Management Software powers you to strengthen and consolidate your inventory and ware house related systems into a single, integrated, hassle-free, optimized software solution which halves the current laborious process.
You will be able to efficiently manage every stage of the product lifecycle, as well as your different lines of business. You’ll be able to manage inventory levels and get stronger control of inventory operations.
Inventory Control is the supervision of supply, storage and accessibility of items in order to ensure an adequate supply without excessive oversupply. It can also be referred as internal control – an accounting procedure or system designed to promote efficiency / assure the implementation of a policy / safeguard assets / avoid fraud and error etc.
In today’s high velocity logistics environment, end-to-end visibility (“the glass pipeline”) to inventory, assets, orders, documentation and shipments across the supply chain is essential to enterprise logistics effectiveness. Global visibility enables logistics professionals to reduce network-wide inventory levels, maximize fulfillment rates, ensure secure shipments and respond dynamically to events that occur during the execution process.
·Optimize Stocking levels
Inventory management is tasked with determining the optimal level of stocks. For instance, delivery interruptions to customers can be avoided by having the appropriate inventories of a good on hand. Without such inventories, a company can lose business. On the other hand, the inventory levels should not be too high because they can tie up capital and create a financial burden for the company. The median stock level, safety stocks and order volume play a decisive role in inventory management.
·Freeing-up working Capital
A laser-focused approach to reducing inventory and streamlining accounts receivable can permanently reduce working capital requirements within a few months without delaying supplier payments or alienating customers.
·Improved Utilization of resources
To make optimum use of resources such as men, material, money, machine and method, it is necessary to design an organization properly. Work should be divided and right people should be given right jobs to reduce the wastage of resources in an organization.
·Improved Accuracy in Forecasting
Accurately forecast with precision using the analytics gathered from the current operational process and make informed and correct choices regarding inventory & stocks.