PLG solutions Inventory Management Software
What is inventory management?
Balancing inventories and capitalInventory management refers to the process of ordering, storing, and using a company’s goods or materials. The goal of inventory management is to keep inventories as low as possible and delivery capability as high as possible.
Having a lot of merchandise in stock also means having a lot of tied-up capital. However, if there are too few goods in stock, bottlenecks can occur and orders or contracts are not delivered quickly enough. Companies need to find a happy medium – with the help of optimized inventory management.
Why is inventory management important?
The key to efficient business operationsInventory management directly impacts a company’s success through rapid deliveries, capital savings and increased efficiency. It leads to higher customer satisfaction, better brand image, higher profitability and competitiveness.
Optimized inventory management has the following advantages:
- Direct influence on the success of a company
- Ensures sufficient inventory to deliver orders and contracts quickly and reliably
- Leads to higher customer satisfaction and strengthening of the brand image
- Helps save capital by preventing too much inventory from being stockpiled
- Prevents excess inventory from taking up space in storage areas, becoming obsolete or losing value
- Contributes to more efficient work, more satisfied customers and cost savings
- Leads to higher profitability and strengthening of competitiveness
The proLogistik Group
Inventory Management Software
Digital solutions for inventory managementInventory management software can be a valuable asset to companies by improving the efficiency of their inventory management processes. The benefits of such software include more accurate demand forecasting, automated inventory calculation, more efficient ordering processes, and more.
The advantages of pLG inventory management software
The software uses advanced algorithms and can access a wide range of data to provide a more accurate forecast of demand than would be possible manually.
The software automatically calculates the optimal inventory level for each product, saving time and resources and minimizing errors.
The software makes it faster and easier to place and track orders, which keeps inventory levels more in line with demand.
The software provides real-time monitoring of inventory levels and allows adjustments to be made before shortages or overstocks occur.
The software helps organize the warehouse and ensures that the warehouse can be managed efficiently and quickly.
The software enables data to be collected, analyzed and reported to assess and improve inventory management effectiveness.
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