Business Intelligence for Inventory
Inventory - Monitor, Control through exceptions, Plan & Forecast
A profitable business is contingent on optimal resource utilization. Smart investment in inventory is crucial. If you carry too much inventory, you spend the money for stock, but you are not recovering the expense in a timely fashion. If you carry too little inventory, you risk disappointing clients, retailers or important business partners. Inventory management and control is a delicate, multifaceted activity that requires constant attention. Inventory is expensive to buy and store, so the goal of inventory management must be to provide a seamless, timely supply of products to customers, partners and retailers, speedy order execution, swift collection of fees, and an ideal level of buffer stock.
As the Business Intelligence solution market evolves, inventory management professionals are paying close attention. A flexible, powerful Business Intelligence system is worth its weight in gold! Whether you need to understand current inventory levels, plan for a seasonal buying frenzy, assess back orders, find out the status of a shipment or forecast and predict inventory, a Business Intelligence Tool solution can be a powerful partner in your efforts!
Slice and dice, drill down, drill through, drill up, analytics, graphs, charts, dashboards, automated alerts and a flexible, personalised environment provide features and functionality to improve your planning process, alert you to critical thresholds and metrics, analyse supplier dependability, and even the need for additional or fewer warehouse or inventory facilities, trucks, drivers or other resources. KPI for Inventory enables an inventory professional to monitor and report on minimum order quantity, economical order quantity, and minimum and maximum stock levels. Using automated alerts, the user can set thresholds and metrics and receive email notification and reports by product, SKU and other categories, thereby ensuring the control, management and immediate attention required to maintain appropriate control.
As an inventory manager, you can share reports and analysis with other managers and end-users and establish metrics and goals so that every user sees and uses the information in a way that is meaningful to them and in a way that will ensure they too are aware of critical issues like stock shortages, back orders, returns, and other business factors.
True business intelligence can integrate information from numerous enterprise systems and sources and provide a single source of dependable information to order and manage inventory and adapt to the changing customer, supplier and market landscape, optimising inventory investment and guaranteeing uninterrupted supply – all with seamless ease and simplicity.
If you need a rich, intuitive Business Intelligence Tool, coupled with robust CPM features, we encourage you to contact us today to discuss your unique requirements and get started with the ElegantJ BI solution suite. Email us at sales@ElegantJBI.com