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▲The behavior pattern of smart inventory
▲Procurement based on inventory-level planning
Intelligent Inventory Management
The actual logistics flow through the warehouse generates inventory data, which is then subjected to extensive data analysis to identify the behavioral patterns of each product. Based on this analysis, predictive inventory levels are established for each product, enabling optimal inventory control.
The following are the features of iTEC ERP Inventory Management:
Provide functionality for multiple factories, multiple warehouses, multiple storage locations, and unit conversion for products.
Inventory movements include scrap process, warehouse transfer, and inter-company borrowing and consignment.
Below safety stock control, above safety stock control, pre-alert management for low inventory below demand, pre-alert management for high inventory above demand, slow-moving inventory management, expiration date management, inventory turnover rate alert management, and serial number management.
Real-time inventory visibility and inventory forecasting and alerting functions. The system provides a large amount of inventory movement data, which is automatically analyzed from different perspectives to generate decision-making insights.
Cycle stocktaking, physical inventory counting, and work-in-progress (WIP) inventory counting, also known as in-process inventory counting, are conducted both internally and externally.
The system provides real-time alert management for the age of inventory stored in the warehouse, taking into account the number of days in stock. It calculates the latest inventory value based on various statistical perspectives for reference.
The system automatically follows the first-in, first-out (FIFO) method for stock-up and shipment, achieving intelligent management and analysis.
The system provides barcode management to achieve intelligent application, reducing the chances of manual data entry errors and improving data entry efficiency.
