Software for inventory management
Ensure a perfect balance in the warehouse! Effective inventory management is a prerequisite for staying one step ahead of the competition and your customers' needs. Inventory management and optimization software creates automatic forecasts and order proposals based on historical data. This allows a company's stock levels to be monitored, managed and optimized. With the right software, the optimal balance between high delivery capability and low stock levels can be achieved. REMIRA provides you with the appropriate AI-based tools for effective inventory management.
Strategic inventory management for industry and trade
With today's flood of goods, effective inventory management is a decisive competitive factor, especially for internationally operating companies. Important corporate goals such as reliable sales planning, constant delivery capability, low stock levels, flexible delivery times and low capital commitment must be reconciled. These diverse requirements for inventory management can no longer be met without high-performance software.
Inventory management software helps to bring the service level of goods supply to the desired level or to keep it at a high level and thus ensure customer satisfaction at all times. To avoid unnecessary storage costs, stocks are kept as low as possible without compromising delivery capability. In addition, new possibilities for analysis and goods control are implemented. Inventory optimization thus increases logistical efficiency and not only improves the overall cost situation of a company, but also enables conclusions to be drawn about the performance of your products and your logistics.
With the right software solution, a variety of actions can be carried out, such as recording orders, tracking deliveries and tracing stock. These actions allow companies to manage and monitor the inventory of goods and materials via an online platform. In addition, some specific functions can also be used, such as automatic stock entry, automatic stock updating, store replenishment and much more. With the right inventory management software, companies can also reduce warehousing costs by managing the inventory of goods and materials more efficiently.
Sales forecasting enables reliable sales planning
The use of an inventory management tool enables you to make reliable forecasts of your future sales figures. This enables you to quickly analyze up to 100 million SKUs within a very short time and create forecasts for all products and all locations using mathematical methods and artificial intelligence. You can integrate these forecasts into your planning.(Please also read our information on sales planning and sales & operations planning.
REMIRA software optimizes your warehouse, supports you in implementing your individual inventory strategy and at the same time opens up new possibilities for analysis and goods control. Optimized inventory management thus increases logistical efficiency and not only improves the overall cost situation of a company, but also enables the transparent analysis and classification of your goods.
What are the benefits of inventory management software?
With an inventory optimization system, companies benefit from reliable sales forecasts and automatic order proposals. This results in numerous advantages for your company:
Without out-of-stock: more sales and satisfied customers
Increase your service level without unnecessarily high warehousing costs. You will benefit from satisfied wholesale and retail customers and higher sales.
The goods are exactly where they are needed
Effective inventory management distributes goods exactly where they are needed. Thanks to reliable sales forecasts, you can distribute the goods ideally: From the central warehouse to the regional warehouse to the store.
Less capital tied up due to optimized inventories
The use of predictive analytics reduces your tied-up capital in the warehouse. This creates scope for value-adding use of your capital.
Transparency and implementation of various portfolio strategies
The use of ABC/XYZ analysis and other analysis tools creates an overview of your product range. The classification of your products enables the implementation of various product strategies for even more successful supply chain management.
Optimal supplier conditions for all orders
Volume discounts, minimum order values or graduated prices are no longer a problem in purchasing and procurement. The combination of reliable future forecasts and conditions makes it possible to determine optimum order quantities and times to reduce costs.
Faster response through management-by-exception approach
Easily intercept unforeseeable sales or supplier failures. Daily or even intraday forecasts provide new automatic order suggestions so that new orders can be triggered directly.
Securing your scheduling know-how
Know-how in the company is often tied to individual employees. Inventory management software safeguards know-how, even in the event of unforeseen absences or the departure of employees.
Effective collaboration with your suppliers thanks to the requirements forecast
Supply chain collaboration is an important element of modern supply chain management. Benefit from the connection of all your suppliers through early information about your planned orders and receive the possible capacities at an early stage.
Reduction of spoilage and leftover stock
Sustainable ordering and the reduction of residual quantities not only protect the environment, but also increase your profits by reducing depreciation.
Reduce your capital commitment and logistics costs
Tied-up capital in goods that are not sold is a burden on your liquidity. Good forecasts create lower costs through logistics.
Less CO² and reduced transportation costs
Bundling your deliveries to optimize your containers and trucks reduces CO2 pollution and lowers transport costs.
Increasing the quality of work for dispatchers
Increase the quality of work for your employees, as they no longer have to manually work through Excel lists.
What are the requirements for introducing an inventory optimization system?
Our solutions are easily docked onto your existing ERP system. To do this, we use our connectivity tools, which allow us to easily connect to your ERP (SAP, Microsoft and any other ERP system) via an interface. For example, if you use an SAP ERP in your company, this can be implemented without the need for additional SAP partners.
Important functionalities of inventory optimization software
- Intelligent learning forecasting processes for sales forecasts and reliable prediction of future demand
- Possibility to create automated order proposals with consideration of supplier conditions
- Multi-echelon optimization across all storage locations
- Automatic replenishment provides order proposals
- Flexibility in the implementation of your inventory strategy and targets
- Dynamic safety stock levels with recognition of seasonality
- Comprehensive reporting with all relevant KPIs
- Easy to use for the dispatcher
Are you interested in intelligent inventory management?
Precise sales forecasts, reliable sales planning and efficient inventory management are crucial to your success. We understand this and offer you customized solutions that are precisely tailored to your needs.Find out more about our sales forecasting and procurement software now.