The Inventory module reduces inventory carrying costs by 20% through real-time analysis of stock levels. It optimizes sourcing by checking inventory across your organization prior to ordering.
The system helps reduce errors and cost of goods through automated re-ordering, and built-in EOQ analysis reduces on-hand inventory up to 40%.
Specific features include:
- Inventory sharing to facilitate optimum stock levels across multiple warehouses
- Automatic replenishment to avoid stock outs
- Demand forecasting to eliminate the need for safety stock
- EOQ – economic order quantity – calculations to determine the ideal order quantity and minimize annual inventory costs
- Cycle counting to track inventory, based on factors including price and turnover
- Warehouse chaining
- Automated replenishments
- Kitting & sub-assembly (“BOM”)
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