Cloud Inventory

Cloud Inventory® is a mobile-first inventory solution offered by Nextworld that, according to the vendor, provides organizations with real-time visibility and control over their inventory across the entire supply chain. This solution aims to help businesses increase visibility, reduce carrying costs, accelerate inventory turns, and improve productivity. Cloud Inventory is said to be suitable for companies of various sizes, from small businesses to large enterprises. It caters to a wide range of professions and industries including manufacturing, warehouse and distribution, field service management, retail and e-commerce, as well as consumer goods and food & beverage.

Key Features

Manufacturing Materials™: According to the vendor, this feature aims to optimize production materials and finished goods stock levels on the shop floor to potentially increase productivity. It allows users to gain visibility into raw materials, work-in-progress, and finished goods inventory. The vendor claims that it can help reduce carrying costs and improve inventory turns by effectively controlling stock levels.

Warehouse Inventory™: The vendor states that this feature aims to achieve breakthrough inventory control in warehouses, potentially increasing accuracy, visibility, and productivity. It provides real-time visibility into inventory levels, locations, and movements within the warehouse. The vendor claims that it can streamline picking, packing, and shipping processes for improved efficiency.

Field Inventory™: According to the vendor, this feature aims to provide precise control of inventory outside the four walls of a business. It allows users to track and manage inventory in transit, at customer sites, or in field service vehicles. The vendor claims that it can potentially increase revenue and reduce time to cash by providing accurate visibility into field inventory.

Platform: The vendor states that this feature offers a low-code cloud platform for personalizing processes without modifying systems of record. Users can create and deploy business forms to increase compliance and productivity. The vendor claims that it allows users to easily customize workflows and automate inventory-related processes.

Consignment Inventory & Vendor Managed Inventory (Add-On Component): According to the vendor, this feature efficiently manages consignment inventory and vendor-managed inventory. It enables users to track and replenish consigned inventory based on usage and demand. The vendor claims that it improves collaboration and visibility with vendors for streamlined inventory management.

Proof of Delivery (Add-On Component): The vendor states that this feature allows users to capture proof of delivery information electronically. It enables tracking of delivery status and obtaining digital signatures for verification. According to the vendor, it improves accuracy and reduces disputes related to deliveries.

Insights (Add-On Component): According to the vendor, this feature offers actionable insights into inventory performance and trends. Users can analyze inventory data to identify opportunities for optimization. The vendor claims that it helps users make data-driven decisions to improve inventory management.

Integrations (Add-On Component): The vendor states that this feature allows seamless integration of Cloud Inventory with other systems and applications. Users can connect with ERP systems, warehouse management systems, and more. According to the vendor, it ensures data consistency and eliminates manual data entry.

Enterprise Printing Platform (Add-On Component): According to the vendor, this feature provides a centralized platform for managing and printing inventory-related labels and documents. Users can customize and automate label printing processes for improved efficiency. The vendor claims that it ensures accurate labeling and documentation throughout the inventory lifecycle.

Hardware (Add-On Component): The vendor offers a range of hardware options for barcode scanning and printing. Users can select devices that best fit their inventory management needs. According to the vendor, it enhances productivity and accuracy with reliable hardware solutions.