Name: Optiply
Author: Optiply

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Optiply is a software solution specifically designed for e-commerce businesses to manage replenishment and inventory. It offers a variety of features to streamline purchasing processes and enhance supply chain control for small to medium-sized e-commerce companies. Optiply caters to professionals such as e-commerce managers, inventory managers, purchasing managers, supply chain managers, and retailers.

## Key Features

**Purchase Planner**: Optiply provides a dynamic purchase planner that suggests the optimal products to purchase, the preferred supplier, and the appropriate timing for placing orders. This feature helps businesses meet customer demand by ensuring timely and accurate replenishment.

**Supply Chain Control**: Optiply assists businesses in gaining control over their supply chain by helping them select the most suitable supplier and delivery method for each order. It considers factors such as order quantities, delivery performance, and supplier inventory levels to make informed decisions.

**Purchase Automation**: Optiply utilizes AI forecasting to automate the purchasing process, reducing the time spent on manual tasks and improving accuracy. With access to over 40 forecasting models, it provides real-time purchasing advice for precise replenishment orders.

**Product Categorisation**: Optiply employs the ABC analysis to categorize products based on their impact on the business' margin and revenue. This allows businesses to prioritize stocking their most important products and avoid excessive inventory that ties up capital.

**Insights & Analytics**: Optiply offers a real-time dashboard that provides valuable insights into product and supplier performance. Businesses can monitor key metrics and access detailed information related to purchase orders, enabling data-driven decision-making.

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SalesBinder

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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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Optiply

Overview

What is Optiply?