Inventory Management
Inventory management is a concerted attempt by an organization to balance inventory needs and requirements with the need to minimize costs resulting from obtaining and holding inventory. As a technology solution, supply chain management has had a considerable impact on inventory management with respect to accuracy, reporting, and optimization. Instead of managing one's inventory to maximize profit and minimize costs for the individual firm, today's businesses have to make inventory decisions that benefit the entire supply chain.
In order for retailers and manufacturers to stay in business, they must have the products that consumers want on hand when the customer wants them. Otherwise, the business neglects to capitalize on the sale and risks losing that customer to a competitor. Hence, in many instances, if goods are not in inventory, a sale is lost forever.
Another typical challenge that plagues inventory systems is the ability to structure storage space efficiently and categorically. Maximizing storage bins, zones, isles, etc. can avoid major restructuring efforts when space runs out and possibly a brick and mortar expansion expense. Placing products in the right place to be pulled at the right time can greatly improve operation costs, from staff to real estate, and minimize the loss of time sensitive products.
Our Approach
iGET Systems understands the importance of inventory management. Our innovative solutions are flexible, scalable and customizable minimize client deployment costs. In addition, the iGET team stands by the client to provide support throughout the post deployment years.
Warehouse Management
Warehouses are facilities that provide a proper environment for the storing of goods and materials that require protection from the elements. Warehouse design must accommodate the variety of materials to be stored including the associated handling of equipment; the receiving, shipping, and subsequent trucking operations and the safety needs of the operating personnel. The economics of modern commercial warehouses dictate that goods must be processed with minimal turnaround time.
As supply chains become increasingly more global in nature, the ability to effectively manage a network of distribution centers is more and more essential. Unfortunately, a surprisingly high number of companies that currently practice multi-site distribution are experiencing very real challenges that impact profitability. Without an automated multi-site warehouse management solution in place, much of the communication between facilities is verbally and/or manually executed. As a result, labor and administrative costs are high, inventory updates are delayed, and product is more likely to be misplaced because of human error.
Business process errors and delays in warehouse operations have a ripple effect that can impact the -entire process. Issues such as delays and data inconsistencies can cause unneeded back-orders and customer dissatisfaction. Incomplete data entry can also increase the substantial cost of obsolete or spoiled goods.
Our Approach
iGET Systems offers multi-site warehouse management solutions that greatly reduces manual processing and human error. In the case of a multi-site implementation, our approach is to first identify central hubs and strategic locations throughout the enterprise. Then comes the designation and separation of duties for each warehouse to enable the business to clearly allocate costs, optimize specific enterprise functional areas, and accurately calculate return on investment. Real-time communication between multi-site implementations is critical to the various warehouses to simulate a unified operation and respond efficiently to business needs.
