Software for inventory management
Inventory management and optimization software uses historical data to generate automatic forecasts and order recommendations. This allows a company to monitor, manage, and optimize its inventory levels. With the right software, you can achieve the optimal balance between high delivery reliability and low inventory levels. The AI-powered REMIRA inventory management software ensures the perfect balance in your warehouse. This keeps you one step ahead of the competition and your customers’ needs. This way, you’ll always stay one step ahead of the competition and meet your customers’ needs.
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 a system designed to optimize inventory, companies benefit from reliable sales forecasts and automated reorder suggestions. This results in numerous advantages for your business:
Never Out of Stock: More Sales and Satisfied Customers
Improve your service levels without incurring unnecessarily high inventory costs. This way, you’ll benefit from satisfied customers in both wholesale and retail, as well as higher sales.
Reduced capital tied up
through optimized
inventory
Tied-up capital leads to high inventory costs. Accurate forecasts help you reduce your inventory in a targeted manner and create room for value-adding uses of your capital.
CO² savings and
reduced transportation
costs
Consolidating your shipments optimizes your company’s supply chain and truck loads. This helps avoid last-minute reorders and costly partial shipments.
Implementation of various inventory strategies
Using ABC/XYZ analysis and other analytical tools provides a comprehensive overview of your product range. Classifying your products enables you to implement various product strategies for even more effective supply chain management.
Act early rather than react too late
Easily manage unexpected sales spikes or supplier shortages: Daily or even intraday forecasts continuously generate new automatic reorder suggestions to best address promotions, expiring best-before dates, or external factors.
Supplier Management Made Easy
Use the demand forecast to get early insights into your planned orders and projected capacities. The combination of reliable forecasts and supplier terms ensures optimal order quantities and the right timing for your orders.
Reducing spoilage and excess inventory
Automation and intelligent algorithms optimize the reallocation of (remaining) inventory within the company, which reduces the write-off rate and thus contributes to sustainability.
Always the right product in the right place
Effective inventory management ensures that goods are distributed exactly where they are needed. Thanks to reliable sales forecasts, you can optimize the distribution of goods—from the central warehouse to regional warehouses and on to individual stores.
Improved work quality and preservation of expertise
With inventory management software, everyone involved is on the same page and working with the same data. In addition, the quality of work improves because the software takes over manual and time-consuming tasks.
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 machine learning forecasting methods for sales forecasting and reliable prediction of future demand
- Ability to generate automated purchase order proposals that take supplier terms into account
- Multi-echelon optimization across all warehouse locations
- Automatic planning generates purchase order proposals
- Flexibility in implementing your inventory strategy and goals
- Dynamic safety stock levels that account for seasonal fluctuations
- Comprehensive reporting with all relevant KPIs
- User-friendly interface for the planner
- Management by exception
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.