Inventory Management & Control

OMS ERP Inventory Management Software Delivers Complete Control

Inventory control is something that should be front-of-mind for anyone in the wholesale distribution business

Inventory Control

What is Inventory Control & Why Is Inventory Management Important?

Understanding what you have, where it is in your warehouse, and when inventory is going in and out can help lower costs, speed up fulfillment, and prevent fraud. Your wholesale distribution business may also rely on warehouse control systems to assess your current assets, balance your accounts, and provide financial reporting.

Inventory control is also important to maintaining the right balance of stock in your warehouses. You don’t want to lose a sale because you didn’t have enough inventory to fill an order. Constant inventory management issues (frequent backorders, etc.) can drive customers to other distributors entirely. The bottom line? When you have warehouse control over your inventory with the OMS ERP, you’re able to provide better customer service. It will also help you get a better, more real-time understanding of what’s selling and what is not.

Inventory Control and How Wholesale Distributors Control Inventory

Having the right mix and the right amount of inventory on hand is paramount to both customer and management satisfaction. Customers want your products on demand, and you would prefer no working capital be tied up in inventory. Balancing these conflicting objectives is tricky and, carrying extra inventory wastes money beyond the initial material and labor investment. Planning the right level and amount of inventory requires your sales order processes to have solid warehouse management for purchasing and planning the right level of inventory with real-time visibility.

Manage Multiple Warehouses with Ease

OMS's inventory management system includes multi-location inventory functionality that allows you to manage multiple warehouses with strong warehouse management control. You’ll have up-to-date information about the location of your inventory, a clear view of stock levels and commitments, and you can easily record inventory movements between warehouses. With our ERP you can also have "virtual warehouses" and then allocate inventory quantities to these "virtual warehouses" such as marketplace inventory, reserved, set aside, damaged goods and more...

Pick, Pack & Ship

If you have inventory then you understand the fulfillment process of pulling products from your inventory, packaging it and shipping it to your customers. The process is called Pick, Pack and Ship. Our ERp has been doing this for 30-years.

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Optimize Your Purchasing Processes and Automate Re-ordering

With our ERP you can automate re-ordering of stock when levels reach pre-determined minimum quantities. This removes the need for time-consuming manual tasks such as monitoring quantities on-hand and generating purchase orders. It also reduces risk of oversights and delays, resulting in improved warehouse management efficiency and reduced costs. Our ERP purchase order processes allow re-order points to be set in line with analytics on historical purchasing data and trends. Accurate receiving of vendor orders also improves staff efficiency, warehouse control and accuracy of stock levels during the stock receiving processes.

Automate Landed Costs for Better Profitability Analysis

Our ERP automates landed costs calculations. The software adjusts the inventory asset value by including additional expenses associated with purchasing and receiving these items into the warehouse. Our ERP allocates all costs of the shipments received by dollars, volume or weight to capture landed cost. Our ERP then resets weighted average cost to each item within the warehouse control system of our ERP.

Track Lot Numbers and Inventory Serial Numbers

Our ERP’s inventory management software makes it easy to track serial and/or lot numbers for quality control, compliance, service management, warranty management, or product recalls. Scan you lot numbers or serial numbers at the time of receiving and easily identify those lot numbers or serial numbers for each item during invoicing for traceability by customer. With the use of our ERP warehouse controls specific costing, you can easily see the true profitability for each batch or serial number sold.

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Track Every Inventory Transaction

Every inventory transaction is captured in real-time. This means you can understand, control and optimize essential processes such as: Warehouse operations control, sales response, inventory control and maintaining minimum inventory on hand levels, customer order management and notification, customer service, financial and stock planning, profitability analysis. Our ERP makes it easy to manage Kits and Item Groups, set up Assembly and/or Bill of Material Items, track inventory through multiple warehouses by different Units of Measure and even use Matrix Items for products supplied in variations such as different colors or sizes.