Inventory control is enabled by the inventory management module, which tracks item quantities and location down to individual SKUs. Through integration with the procurement tool, this module provides a complete picture of current and incoming inventory. It assists businesses in managing inventory costs, ensuring that they have enough stock without tying up too much cash in inventory. An inventory management application can compare sales trends to available inventory, allowing businesses to make more informed decisions that increase margins and inventory turn (a measure of how often inventory is sold over a certain period). It can aid in the prevention of stockouts and delays, which improve customer service. Businesses that do not have other supply chain management modules can use the inventory management application to manage purchase orders, sales orders, and shipping.
DoFort Inventory management helps to track goods across your business’s supply chain. It optimizes the entire spectrum spanning from order placement with your vendor to order delivery to your customer, mapping the complete journey of a product.
Barcode scanning helps to identify and track your products, inventory management software integrates with barcode scanners for instant product identification and labelling.
Inventory optimization maintains just the right amount of inventory for each product, without over- or under-stocking any item. It’s especially useful if you deal in products that experience a seasonal rise and fall in demand.
Stock notifications feature helps to receive alerts and notifications when there’s over or under stocking beyond a defined threshold. This helps you to place orders or offer promotional discounts to clear out extra stock.
Tracking Lot/Serial Numbers
Tracking Lot numbers help you identify a specific group of items that came from one particular order or manufacturing job. Serial numbers help to uniquely identify an individual item and distinguish it from every other item in your inventory.
Tracking cost enables you to know how much your finished products cost to make. This will help you price products at a level that covers all of their costs.
Real-time item information at any inventory location throughout your global supply chain.
Extensive item cross-referencing.
Reduced risk of stock-outs.
Increased visibility into financial ownership of inventory.
Flexibility to track inventory balances and transact.
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