INVENTORY MANAGEMENT SYSTEMS

Inventory / Inventory

Inventory processes are still necessary today. While it is true that there are different strategies to carry out this process: permanent inventory, cycle counts, the historical annual inventory, etc., there are different strategies to carry out this process. All types of companies perform inventory or stocktaking operations.

Inventory Management

Current WMS (Warehouse Management System) or WMS (Warehouse Management System) systems are the systems in charge of managing inventory and keeping it alive, although in some companies they manage it with their ERP (Enterprise Resource Planning), or in retail stores the POS or cash register system. In all cases we can call them Corporate Systems or Management Systems.

Whatever your corporate warehouse management system is, it often requires complementary systems that help you to convert the actual physical movements into data, which is why it is essential to integrate technology into your management and control systems.

Optimizing the inventory task

In order to apply technologies that optimize processes, it is necessary to work on stable, powerful and, above all, correctly integrated systems.

There are different alternatives and technologies to perform this task efficiently and effectively. Either working in concatenation with other processes to keep the inventory updated in a permanent way or performing a specific and independent inventory task once every “x” time.

So there is the conventional way of inventory using handheld scanners, but the process must be properly designed to be functional for the operator as the integration with the corporate system.

It is also possible to work in the perpetual inventory at the time of picking, at the time of inputs and outputs, performing A,B,C counts, etc. This optimizes the user’s movements by executing several tasks at the same time.

Finally, there are innovative solutions that allow mass automated reading without leaving the forklift truck and connected to corporate systems (VMS/WMS). These solutions can work with RFID or intelligent machine vision systems.

At Tech id we study the processes in your warehouse to, together, define the best strategy to ensure that your inventory is correct and accurate. These strategies must be supported by the right data capture technology for your environment and product, and finally ensure that the integration with your company’s corporate systems is done in a timely manner.

Benefits of Implementing Inventory Management Systems

  • Agility in processes and tasks

    Having the correct and accurate inventory offers endless advantages for the rest of the processes that finally translate into competitive advantages and differential value for your company:
    - Ability to manage online orders.
    - Ability to accept customer orders at the last moment, since the preparation time will be shorter.
    - Optimized procurement and purchasing management.
    - Ability to plan internal and external tasks.

  • Real-time information

    Obtain in the corporate or management systems all the information related to the identified goods or items to be traced. Any strategic or executive decision requires working with the best available information.
    From a correct identification and automated management of the information it is possible to work on dashboards, KPI's, etc. for the strategic management of your company.

  • Sharing and visibility in your supply chain

    The goal of optimizing the supply chain greatly benefits all links in the chain itself, and that optimization involves sharing processes and information. That is why having the right information in corporate or management systems is defined as a critical task for any company.
    Your company will obtain a differential value in terms of its ability to collaborate and integrate with its customers and suppliers, sharing quality information.

  • Increased security in management and business decision making.

    The automated digitization in real time of the information generated by the process itself ensures that this information is complete and accurate, in addition to having it available in the appropriate systems, whether WMS or ERP. This makes it possible to make decisions, whether executive or strategic, in a secure way, offering the possibility of working with dashboards, KPi's, etc.

  • Optimizes the planning of the rest of the processes

    The digitization of the execution of processes in real time in your management systems or corporate systems offers the possibility of reviewing the planning and prioritization of the tasks to be performed based on reality and not on an initial planning.

  • Agility in processes and tasks

    Having the correct and accurate inventory offers endless advantages for the rest of the processes that finally translate into competitive advantages and differential value for your company:
    - Ability to manage orders online
    - Ability to accept customer orders at the last moment, since the preparation time will be shorter.
    - Optimized procurement and purchasing management
    - Ability to plan internal and external tasks.

  • Speed and safety

    Obtain in the corporate or management systems all the information related to the identified goods or items to be traced. Any strategic or executive decision requires working with the best available information.
    From a correct identification and automated management of the information it is possible to work on dashboards, KPI's, etc. for the strategic management of your company.

  • Minimize costs and resources

    The goal of optimizing the supply chain greatly benefits all links in the chain itself, and that optimization involves sharing processes and information. That is why having the right information in corporate or management systems is defined as a critical task for any company.
    Your company will obtain a differential value in terms of its ability to collaborate and integrate with its customers and suppliers, sharing quality information.

  • Optimizes the planning of the rest of the processes

    The automated digitization in real time of the information generated by the process itself ensures that this information is complete and accurate, in addition to having it available in the appropriate systems, whether WMS or ERP. This makes it possible to make decisions, whether executive or strategic, in a secure way, offering the possibility of working with dashboards, KPi's, etc.

  • Increased security in management and business decision making.

    The digitization of the execution of processes in real time in your management systems or corporate systems offers the possibility of reviewing the planning and prioritization of the tasks to be performed based on reality and not on an initial planning.

May we help you?

Find the solution to automate and optimize your processes and integrate all your corporate information. Ask us and together we will analyze your case.

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