Name: Optimized Inventory
Price: 1400 USD
Author: Optimized Inventory

Help Desk

Web and Video Conferencing

Customer Support

Beta Testing

Continuous Integration

Development

Alumni Management

Education

Business Intelligence (BI)

Collaboration

Contract Analysis

Demand Planning

Emissions Management

Knowledge Management

Online Notary

Payment Facilitation

Enterprise

Accounting

Travel Management

Finance and Accounting

Applicant Tracking

Corporate Learning Management

HR Management

HR Service Delivery

Payroll

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

AIOps

API Design

App Development

Cloud Storage

Data Center Backup

Data Center Networking

Data Center Outsourcing (Canada)

Data Integration

Data Replication

Database-as-a-Service (DBaaS)

Enterprise Printing

Fraud Detection

Integration Platform as a Service (iPaaS)

Managed Detection and Response (MDR)

Mobile Data Security

Network Performance Monitoring

Secure Access Control

Service Virtualization

Value Stream Management

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Content Management

Content Marketing

Creative Management

Ecommerce Personalization

Email Marketing

Market Research

Marketing Automation

Marketing Resource Management

Social Media Analytics

Social Media Management

Survey & Forms Building

Web Analytics

Marketing

Project Management

Professional Services

Customer Onboarding

Customer Relationship Management (CRM)

Point of Sale

Predictive Sales Analytics

Sales Consulting

Sales Dialer

Sales Incentive Compensation Management

Sales Training

Sales

Virtualization Security

Security

Financial Services CRM

Hospital Management

Medical Office EMR & EHR

Revenue Cycle Management (RCM)

Shipping

eDiscovery

Vertical-Specific

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Optimized Inventory is a software application developed by Optimized Supply Chain Solutions. It is designed to provide strategic insight and analysis for inventory management in manufacturing businesses. The application works alongside existing ERP systems to optimize inventory performance, reduce working capital, and improve product availability. It caters to manufacturing businesses of all sizes, from small enterprises to large corporations. The target audience includes inventory managers, supply chain managers, operations managers, procurement managers, and professionals in the manufacturing industry.

## Key Features

**ABC / XYZ Segmentation**: Classify inventory based on uncertainty to identify at-risk products. Utilize ABC XYZ analysis to optimize inventory. Helps focus time and energy on high-revenue and high-inventory SKUs.

**Triple Play Analysis**: Review 52 weeks of SKU level Consumption, Receipts, and On Hand Inventory. Provides a comprehensive view of SKU performance. Assists in making data-driven decisions for inventory management.

**ABC Value Chart**: Analyze SKUs based on their contribution to revenues and inventory levels. Focus on SKUs that represent the largest revenues and inventory for the company. Helps prioritize inventory management efforts.

**Inventory Modeling**: Utilize three different mathematical models to determine optimal inventory levels. Compare current inventory levels with the optimum level. Aids in reducing excess inventory and improving working capital.

**Inventory Cover**: Understand the speed at which inventory is turning over. Key performance indicator for managing cash flow. Helps optimize working capital and identify potential issues.

**Inventory Age**: Identify slow-moving inventory. Calculate additional costs associated with storing and maintaining such products. Assists in making decisions regarding slow-moving inventory.

**Cloud Based Technology**: Rapid implementation with cloud technology. Identify opportunities for working capital reduction and service level improvements quickly. Offers flexibility and scalability.

**Intuitive Interface**: Uncomplicated and intuitive reports. Eliminates the need for complex MS Excel spreadsheets. Provides insightful information for better decision-making.

**No Expensive Integration Costs**: Works standalone without the need for costly integration. No additional expenses for application programming interfaces (APIs). Easy implementation and cost-effective solution.

Basic

Free

Bronze

Silver

Gold

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Optimized Inventory

Inventory management systems are built to handle every stage of the inventory process lifecycle. There are several essential components to most inventory management solutions, starting with order entry capabilities to handle purchase automation. Another standard feature: inventory control and warehouse management to track products and manage workflows through warehouse management. Inventory management systems also typically include distribution capabilities for supply chain management. Fully-featured inventory management systems may also include integrations with customer lifecycle service management, enterprise resource planning software, and robust financial analysis and insights.

Inventory Management

The ability to track and manage the flow of goods or materials into and out of an inventory.

Inventory tracking

The software syncs orders and stock to maintain a real-time picture of inventory and supports multiple methods such as LIFO and FIFO.

Automatic reordering

The software can be set up to automatically reorder a good when it falls below a certain threshold.

Location management

The software can track multiple goods across multiple locations.

Serial number and batch tracking

Track individual items via serial number or batches of items made or purchased at the same time in addition to total stock of item types.

Barcode scanning

The software offers UPC creation and scanning capabilities or integrations for tracking inventory.

Automation rules

Rules can be established to automate reordering items, applying tags to organize inventory, creating production orders, shipping items via specific carriers or methods, and more.

Reporting and analytics

Reports about historic and current inventory and order trends are available.

Fulfillment

When orders are received, pick orders are sent to the ideal location and fulfillment status can be tracked.

Backorder management

Backorders are prioritized and fulfilled as new stock arrives.

Returns management

Returns are processed and accounted for among orders and inventory.

Bill of materials management

The software can create and manage BOMs based on orders.

Item kitting

Items can be bundled and sold together in a kit, and the software will automate the necessary tracking and fulfillment steps to manage each individual item.

Invoicing

Invoices for orders can be created and sent, and invoices from suppliers can be managed.

Forecasting

The software predicts future inventory and order trends, and may offer reordering and production suggestions based on these predictions.

Accounting integration

The software integrates with accounting software for more comprehensive bookkeeping.

Point of sale integration

The software integrates with a point of sale system for payment processing.

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Optimized Inventory

Overview

What is Optimized Inventory?