Digitizer inventory management solutions offer real-time visibility by tracking and collecting
data as products move through the supply chain. This system allows businesses to monitor
available inventory, item locations, and SKU performance. With automated data recording and
accessibility on mobile and desktop devices, brands can effectively control inventory, make
informed decisions, and predict restocking needs.
In contrast, manual inventory tracking
is time-consuming and prone to errors. Implementing digital inventory best practices reduces
human error, enhances accuracy and productivity, and streamlines data management.
Furthermore, digitizer inventory management solutions empower businesses to optimize their
inventory levels, reduce stockouts, and minimize excess inventory, leading to improved cost
efficiency and profitability.
Digitizer inventory management solutions refers to digitizer innovatively designed application with
ability to track each item of inventory to its purchase order, invoice payment, consumption tend
etc. User can oversee real-time inventory status, inventory value, expiry date, good return to
vendor, cost and profit margin for each product.
The solution enhance visibility by tracking data and collecting information as finished
goods move through the supply chain, business can track inventory available, where items are
located, and how each SKU is performing over time.
User can oversee the inventory control and make decisions and predictions on inventory allocation,
restocking, and inventory forecasting/Projection.
Digitizer inventory management solutions provides the swift physical stock taking ability through
barcoding and Radio-frequency identification technology deployed at the ware houses of the
organization.
The system shows the quantities and value with date of purchase and complete
history of SKU.
The system Reflects the sales orders are reflected in your stock position which allows you an
effective re-order level and avoid risks of over stocking or stock shortage.
The digitizer inventory management solution dashboards show you the Detailed visibility for each
item of stock Purchase transactions, issue transaction, return, warranty details, list of suppliers
and price comparison for all suppliers for each item.
| + Capability | Solution |
|---|---|
| Real-time inventory counting and tracking | The Digitizer Inventory Management solution shows you exactly what you have, and where – and it
needs to reflect in real-time any stock movements or allocations in your company. That
means: • Sales orders are reflected in your stock position. So you don’t sell the same thing twice, or sell stock you can’t deliver • Inbound goods are reflected in your inventory management software as soon as they’re scanned at the warehouse. • Warehouse transfers show up in real time. • Production reserves components if you’re a manufacturer. So you don’t start a new assembly run only to find that half your parts were used up on another job. • Consignment stock is tracked by your system, even if it’s held in someone else’s store. |
| Real-time inventory value | While warehouse managers and operations care about what stock they have and where it is, the
finance team needs to know how much it’s worth. Digitizer inventory management solution update –
in real time – whatever accounting software you use. That means you’ll want: • Accurate inventory values that account for variations in the price or volume of your purchases. • A live view of inventory value by warehouse, region and country. • The ability to accurately track variable inventory costs like courier fees or production wastage. • The ability to group products to give a more granular view of Cost of Goods Sold (Cogs). • A live view of the profit margin on your products according to the sales channel and location and that accounts for any variable costs. |
| Reorder points & low stock alerts | The Digitizer inventory management solution prevent you running out by setting automatic alerts when important stock is running low – and the ability to quickly generate a purchase order off the back of that alert. For stock management at scale you’ll want the ability to generate a reorder report that lists everything that needs reordering so you can do your purchasing in one fell swoop. |
| Unlimited SKUs | Digitizer inventory management solution provides you unlimited number of products you can add. The same goes for any limits on customers, transactions, and suppliers. |
| Proper inventory reporting | Digitizer inventory management solution Provides you inventory management dash board customized
as per your requirements. The reporting features that can deliver data like: • Your inventory turnover rate • Average days to sell for each SKU • You backorder rate • Stock age • Unit sales • Margins • And more… |
