Inventory management is essential in industries where products are made, moved and sold via wholesalers, online or direct to consumers because the raw material or product costs represent a substantial portion of operational revenue.
Manufacturers use inventory management software to reduce waste, manage cashflow and to scale-up a business into new markets. Read the Sistema plastics case study.
Wholesalers of all products use inventory management software to manage its key assets - stock. Wholesalers often have thousands of stock keeping units (SKUs) to manage so need the software to create an orderly flow of goods and operate profitably. Sometimes, vendor managed inventory (VMI) is a supply chain agreement where the supplier takes control of the inventory management decisions for the retailer. Read the American Metals Supply case study.
Retailers use inventory management software to reduce costs and improve customer service. Retailers often have different demand across seasons, so they rely on forecasting inventory levels accurately to meet demand at the appropriate time. Read the Hairhouse case study.
eCommerce can be a hybrid set-up where some operators might not physically manage their own inventory but whether stock is managed or not, eCommerce businesses need to ensure critical inventory levels are kept up to maintain demand. Read the Hein Electric Supply case study.