All organizations operate with limited resources, hence the management of available raw materials and inventory storage space is vitally important. The availability of accurate inventory information is also vital for ensuring that shortages are minimized even in the face of market uncertainties.

The Inventory Manager Solution of businessid is designed to provide organizations with accurate and efficient inventory information to ensure optimal utilization of available resources as well as simultaneous minimization of spoilage and shortage of inventory items.

Key Benefits of Inventory Management

• Gives complete real-time inventory information regarding current stock level, minimum safe level, reorder level, vendor information for particular item.
• Increases efficiency in inventory control used by an organization.
• Ensures that vendor based procurement process is streamlined, ensuring optimized supply chain.
• Optimum usage of available warehouse space by ordering the material only at the time of need.
• Minimizes chance of inventory losses through theft, spoilage, pilferage, overstock and outages.
• Aligns inventory levels with demand ensuring higher customer satisfaction.
• Inventory level can be adjusted according to the change in market or organizational need.
• RFID / Barcode based tracking helps to track the product in warehouse or store