Inventory Management Solutions

Our cloud-based inventory management solution offers real-time tracking, automated reordering, and multi-location management. It integrates barcoding, RFID scanning, and advanced analytics for precise control and forecasting. Accessible via cloud and mobile, it seamlessly integrates with other systems, ensuring efficiency and scalability. This powerful, flexible tool optimizes inventory, reduces costs, and enhances decision-making, ideal for modern business needs.

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Inventory Management Solutions
Features:

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1

Real-Time Inventory Tracking:

Enables tracking of stock levels in real-time, ensuring accurate and up-to-date inventory data.
2

Automated Reordering:

Automatically triggers reorder of stock when levels fall below predefined thresholds, reducing the risk of stockouts.
3

Multi-Location Management:

Manages inventory across multiple warehouses or locations, allowing for efficient stock distribution and tracking.
4

Barcoding and RFID Scanning:

Integrates custom barcode and scanning for quick, error-free tracking and management of inventory items.
5

Demand Forecasting:

Utilizes historical data and analytics to predict future inventory needs, aiding in efficient inventory planning.
6

Reporting and Analytics:

Provides detailed reports and analytics on inventory levels, sales trends, and order history to inform decision-making.
7

Cloud-Based Accessibility:

Offers access to inventory data from anywhere via cloud storage, enhancing flexibility and mobility.
8

Supplier Management:

Manages supplier information and interactions, including purchase orders and supplier performance tracking.
9

Batch and Expiry Tracking:

Tracks inventory batches and their expiration dates, crucial for managing perishable goods.
10

Integration with Other Systems:

Seamlessly integrates with other business systems like accounting, CRM, and e-commerce platforms.
11

Customizable Alerts and Notifications:

Sends customizable alerts and notifications for low stock levels, order fulfillment, and other critical inventory events.
12

Mobile App Support:

Offers mobile applications for managing inventory on-the-go, enhancing convenience for staff.
13

Inventory Valuation:

Calculates the value of the current inventory using various methods like FIFO, LIFO, or weighted average.
1

Enhanced Accuracy:

Minimizes errors in inventory tracking, ensuring data accuracy and reducing discrepancies.
2

Cost Reduction:

Reduces costs associated with overstocking and stockouts by optimizing inventory levels.
3

Time Efficiency:

Automates various inventory processes, saving time and reducing manual workload.
4

Improved Decision Making:

Offers valuable insights through analytics and reporting, aiding in informed decision-making.
5

Scalability:

Easily scales with the growth of the business, accommodating increasing inventory and additional locations.
6

Real-Time Visibility:

Provides real-time visibility into inventory levels, allowing for immediate response to stock changes.
7

Streamlined Operations:

Integrates with other business systems, streamlining operations and enhancing overall efficiency.
8

Mobility and Flexibility:

Cloud-based access allows management of inventory from anywhere, offering greater flexibility.
9

Inventory Optimization:

Helps in maintaining the right balance of stock, avoiding excesses and shortages.
10

Improved Customer & Supplier Relationships:

Enhances customer and supplier management, leading to better negotiation and collaboration.
11

Reduced Risk of Loss:

Decreases the risk of inventory loss due to spoilage, obsolescence, or theft.
12

Customizable Features:

Offers customization options to suit specific business needs and workflows.

Inventory Management Solutions
Benefits:

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Key Modules Required

Our cloud-based Verify Technologies platform is designed for seamless inventory management. To optimize this functionality, you’ll need access to the following key modules:

Purchase Order Module

Purchasing Portal

  • Create Purchase Orders
  • Supplier Management
  • Real-Time Cost Tracking
  • Forecast demand
  • Approval Workflow
  • Receipt and Invoice Matching
  • Reporting and Analytics
  • 3rd Party warehouse integration

Goods Inwards Module

Warehouse Portal

  • Automated Receiving
  • Batch or serial code level
  • Quality Inspection Integration
  • Barcode and RFID Scanning
  • Put-away Management
  • Vendor Compliance Tracking
  • Real-Time Inventory Updates
  • Quarantine Management
  • Damage and Return Processing

Materials Module

Production Portal

  • Material Requirement Planning (MRP)
  • Batch & Serial Code Tracking
  • Just-In-Time Inventory
  • Real-Time Inventory Consumption
  • Waste Management
  • Quality Control Checks
  • Label Scanning
  • Audit Log
  • Recipe Management
  • Create Custom Business Rules

Outputs Module

Production Portal

  • Real Time Output Tracking
  • Quality Assurance
  • Batch and serialised traceability
  • Waste Tracking
  • Customizable Reporting
  • Integration with Sales and Inventory
  • Palletization
  • Real-Time Inventory Updates
  • Batch Unit Costing
  • Reconciliation

Dispatch Module

Warehouse Portal

  • Electronic Dispatching
  • Batch or serial code level
  • Quality Inspection Integration
  • Automated BOL and Documentation
  • Barcode and RFID Scanning
  • Dispatch schedule
  • Real time palletization
  • Real-Time Inventory Updates
  • 3rd Party warehouse integration

Inventory Count Module

Warehouse Portal

  • Simply inventory counts
  • Partial or full counts
  • Count by product or location
  • Batch or serial code counting
  • System Vs Actual Count Comparison
  • Easily identify discrepancies
  • Batch level inventory evaluation
  • Submission and Approval features
  • Mobile device compatibility

Related Products

All of our products and platforms are web based and run on a SQL back end database so they can scale to enterprise type requirements where necessary. Making our technology very adaptable and customizable.

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Purchasing Portal
Warehouse Portal
Production Portal