Inventory Management is the processes and systems around keeping track of the items an organisation handles or sells. In the most simplistic view, it’s ensuring that the items an organisation sells are always available to be sold when they are needed. This is a major focus of ours. Of course, there is a lot more to it. It often involves:

• Keeping track of who the products are bought from
• The prices and currencies for buying and selling
• The assembly of finished goods from components
• Recipes (also known as Bills of Materials)
• Customer data management
• Product specifications
• Sales order processing from various sources
• Order fulfilment Invoicing
• Co-ordination with shipping and warehouses
• Forecasting future product requirements
• Reporting

There are many business processes involved in Inventory Management and we know them well.

The importance of inventory management depends on your perspective. If you are customer focused, having the ability to satisfy customer product requirements in an accurate and timely manner is hugely important. Customers can be significantly disappointed when expectations are not met. Inaccurate inventory information can contribute to this.

From a return on investment perspective there is a need to ensure items are bought and sold at the right prices to ensure profit.

For the stewardship perspective there is a need to safeguard the assets of an organisation on behalf of the owners. Having a robust Inventory Management system is imperative for this.

If an organisation is wishing to incorporate best practice / structured processes and workflows in their approach to business, an Inventory Management system may assist with this. The system forces the use of rules and disciplines that contribute toward best practice.

All businesses have a need to comply with local rules of accounting and taxation. They need to use systems that maintain standards for reporting transactions based on the generally accepted rules. Inventory Management systems can provide this with ease when used correctly.

Contemporary business practices often involve the use of sophisticated technology. This might be through websites, EDI, and interaction with courier systems and third-party warehouses. An inventory management system allows for the connection of multiple threads of technology to the core system to ensure ease of transaction processing.

We work with all the various aspects of Inventory Management and its related disciplines every day. We know it inside out. We can talk to customers about their business and its needs and quickly determine the relevant tools to fit their situation. We can get to the most important aspects of improving business systems very quickly.

The two Inventory Management tools we use are Cin7 and Unleashed. We implement train and support both. We also connect them to many other systems – Shopify webstore, Courier systems, 3PL systems. Managing the inter-relationships between these systems is also very familiar to us.

One of the aspects of our approach that we consider to be exceptional is our ability to create integrations for our inventory management customers, to solve problem they otherwise struggle to resolve.

Our expertise covers a broad range of industries. The thing about inventory is that it is used far and wide, and in every instance, there is a need to manage it. Industry category is less important than the fact that the organisation has inventory. We currently support clients from the following industries:

Retail: Apparel, flooring, jewellery, furniture, hardware
Wholesale distribution & Wholesale manufacturing