Inventory Management Services at Advatix

Advatix is one of the best Logistics Service Providers in the nation. At Advatix we transform business operations to improve labor utilization, fulfillment throughput, help the companies to meet the customer demand, deliver the products to end customers at the right time, manage inventories through advanced systems etc.

We provide advanced technology solutions to help companies excel in the field of business. We develop realistic implementation-oriented solutions to the efficient and effective management of the processes. With the advanced system, we ensure that the companies have the right inventories at the right place and at the right time.

Our executive team of experts supplies chain designs to optimize the supply chain and deliver the right products to the end customers in time. We apply unique techniques to improve supply chain and logistics, provide metrics to companies through which our performance can be evaluated, and also know how the customers are being served.

We deploy dynamic labor utilization techniques, Inventory Management Systems, etc to achieve the company targets at a reduced cost. To ensure a stable supply chain our analytics team provides accurate customer demand, market trends, and demand forecast data. This also helps the companies to find opportunities to grow into a leading business in the market.

The experience of working with reputed clients, like Amazon and Walmart, adds value to our service and we ensure our clients reach their long term as well as short term business goals. Our advanced Transportation Management Systems will find the most optimal locations for the inventory so that only the shortest pick path is selected. This ensures better fulfillment rates and the customers will receive their products on time.

Engage with us today, and seek our expert assistance in channelizing your business operations to grow and excel into a leading business!

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Technologically powered Supply chain services at Advatix

Advatix is one of the most reliable and renewed Inventory Planning and Management companies of the nation. At Advatix we offer technologically powered services that can turn your business into the leading businesses of the market. Our team of experts will examine how your organization can utilize the technology in a beneficial way and then develop the best practices for you.

These can provide an optimal customer experience at the best cost. We will also establish accurate performance metrics around information technology to know how it impacts the business. Our top notch technical team stationed globally will ensure your business needs are met at the right cost.

We believe that integrating technology in the business can channelize the business operations in the right way and take your business to the next level. We will help you digitize your business processes especially the Retail Supply Chain.

Our supply chain experts will develop sophisticated platforms that plan the deliveries across the supply chain, execute your orders promptly, and also manage inventories in our warehouse efficiently.  With our experience of working with reputed clients, we transform it into the most innovative solutions that can enhance the effectiveness of your policy.

At Advatix we prioritize your customers and ensure they receive their orders at the right time. Our digital platforms help to keep your customers informed throughout the fulfillment and delivery process, right from order confirmation to order fulfillment.

To help you analyze our service, as manufacturers, you will also get real time updates on shipments of both the inventory and product delivery via our logistics providers. This increases customer satisfaction.

We use technologically advanced systems such as the Warehouse Management Systems (WMS), and Inventory Management Systems (IMS) for warehouse inventory management, Order Management Systems (OMS), and Transportation Management Systems (TMS) to take care of the business processes.

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Advatix: Your Supply Chain Expert

Advatix is one of the leading Supply Chain Management Companies offering the best services at the right price. We, at Advatix, help different companies to overcome supply chain obstacles. We provide customized supply chain designs that are specific to the companies’ goals, challenges, and opportunities.

We design, develop, and implement result-oriented solutions to ensure efficiency, measurable improvement, and significant cost reduction. Our customized models help the colonies to fix the supply chain problems and find opportunities to grow in the market. Along with supply chain management solutions, we offer inventory management services to the companies.

We have multiple warehouses spread across the globe. Our experts take to assist you with Inventory Planning and Management. Our warehouses are equipped with modern technological tools and systems. With advanced systems like warehouse management system, inventory management system, we provide the best technological solutions.

We help companies reduce the cost of inventory, logistics while maintaining higher manufacturing efficiency, meeting customer demands, and maintaining a balanced supply chain. Through our analytics, we ensure that you have inventory at the right level, right place, and the right time. Our analytics experts will determine the optimal locations for your inventory so that you have the shortest pick path while getting the most productivity from your team.

As your Supply Chain Expert, we identify more efficient, effective means of moving your products. Through the well planned supply chain, we will deliver the products safely to the customers. We will also help you strategize the supply chain,  manage it, design it, build it, operationalize it, and synchronize it. We will also help you in implementing the infrastructure, technology, teams, and processes to ensure that your customers receive the best customer experience while we improve speed and reduce cost.

Engage with us today, and improve your business operations!

Custom-made or off-the – shelf warehouse management system for your organization

A warehouse management system or WMS is a software program that helps warehouse managers manage their inventory. From manual systems to semi-automated systems to automate the entire workflow in the warehouse, the WMS has undergone tremendous changes from the past. Today the warehouse is managed using new-age technology where different aspects of advancements in the field are applied for optimizing the process and closing loopholes.

The warehouse management system includes inventory planning and management primarily along with reporting features. The importance of being able to manage the inventory smoothly is critical, be it manufacturing units, or retailers. It is not just enough to manage the inventory, there needs to be strategic planning that should be part of the system.

 

Features of the inventory management module include:

 

- Detailed tracking of inventory movement, in and out

- Allocation of inventory;

- Schedule movement of inventory

- Labeling, packing and preparing products to be shipped out, as per orders.

- Plan the route of the fleet as a special transport management system

- Loading products and accepting returned products

- Manage fleet and labor on the job.

 

The reporting feature includes preparing specific MIS-related reports that give further insight so that measuring performance becomes easy. Reports are also generated about the fuel consumption, vehicle usage, labor productivity, orders received, orders dispatched, product-wise inventory and movement, and many more need-based reports.

 

The big question that business entities face is whether to go in for off-the-shelf software programs or should they get it developed depending on the specific needs and requirements of the organization. The pros and cons of both sides need to be evaluated thoroughly because there are cost implications here.

 

Using customized software can be a huge investment initially but it is much more effective performance-wise or output-wise. Ready-made off-the-shelf software programs can be cheap with no or little scope of customization that can prove a costly error after some time.

Omni Channel Solutions and services at Advatix

Advatix is a leading advanced supply chain and logistics provider of the nation. At Advatix, we offer unique and customized Omni Channel Solutions, to help businesses excel and grow into leading businesses. We provide help in maintaining the inventory levels, and in managing the customer needs.

 

Our team of experts develops an efficient omnichannel strategy that can expedite the movement of goods in a cost-effective manner. Our unique strategies help our clients to deliver a seamless omnichannel experience to their customers. We develop implementation-oriented designs, that help in enhancing the customer experience by meeting the customer demands, increasing the fulfill rates at a reduced cost.

We believe that an Omni channel supply chain network can easily bridge the gap between brick and mortar stores and online stores. It helps create a smooth transition from one channel to another for the customers. Our leadership along with extensive experience with giant businesses like Amazon, UPS, and FedEx enables us to establish the network and ensure that the inventories are strategically dispersed throughout the clients’ distribution centers in the best possible manner. We also ensure that our clients maintain high standards by providing the best customer service through timely delivery, real-time updates of the order.

Our unique and implementation-oriented approach will help the clients to augment Omnichannel marketing. We build strategies based on the clients’ industry type and only offer implementable solutions. This helps the clients to realize their long and short-term goals, improvise the business processes, and see better results at a reduced cost.

We also offer Market Density Analysis, Demand Based Footprint Design, and Hub & Spoke Models to help the clients identify opportunities to grow and excel in their business. To improvise your business operations, reduce the cost significantly, and grow your business into leading organizations of the market, Visit us today!

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How To Keep a Track on Inventory?

Every business needs to keep an eye on its inventory to take business decisions. This task can be made easier and quicker by using a cutting -edge inventory tracking system. Some techniques that help in managing inventory are-

Forecasting Finetuning

It is important to forecast demands as accurately as possible. The projected sales calculations must be carried out while considering historical sales figure, predicted growth, market trends, promotions, marketing efforts and more.

FIFO Approach

FIFO approach means first in and first out. It means that the goods manufactured first must be sold first, that is, in a chronological order. This is especially important in case of perishable products like makeup, flowers, food, etc. Even nonperishable items get damaged if they keep sitting on the shelf for a long time.

Check low-turn stock

It is important for the inventory managers to spot or identify stock that has not been sold for the last 6-12 months. In such a case, it is prudent to stop stocking them. Promotion strategies like offers, discounts, and schemes have to be run to get rid of this stock. This is because excess stock occupies premium space in the warehouse. The supply chain consulting firms will also suggest getting rid of such stock and save capital and space.

Cloud Based Inventory Management Software

Invest in a high-end inventory management software that can provide real time analytics. This software integrates directly with POS. This helps in automatic adjustment of stock levels every time a sale is made. This helps in keeping a track of the inventory.

Track Stock Levels

As per premium logistics consulting firms, it is important to constantly track stock levels. Using a premium software can help save a lot of money and time and will keep you on top of the things. This also helps in taking quick and well-informed business decisions.


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Benefits of an inventory tracking system

An out-of-stock situation is an embarrassment to brands – a common business mistake that many companies choose to ignore. However, what they do not realize is that by not focussing on this aspect – which according to them is a minor operational issue – they risk losing out on their loyal customers, as well as potential buyers to their competition.

On the other hand, companies cannot risk and invest in maintaining more than the required inventory at all times, because it is their money that is at risk here. So, what is the balanced way out so that the inventory level is neither an embarrassment nor cause a dent into the operational costs? It is the use of a relevant inventory tracking system that helps manage the stocks appropriately. 

 

 

Such a system offers

·         A visual display of the inventory in real-time in a centralized manner. This helps decision-makers as well as the logistic chain to serve customers and their production units optimally.

·         Generates reports that help the management to keep costs under control and make judicious decisions regarding their product line and stocks.

·         Brands are better able to manage their stock positions and hence serve their customers in a much more enhanced manner. It becomes imperative that in such a cut-throat aggressive market, brands go in for logistic consulting in an end-to-end manner so that their entire supply chain can be reformed for a cost-effective business model.

·         The right inventory software helps businesses in forecasting for the future based on trend analysis of the past. The data is generated by the software system – hence, the accuracy of such a system needs to be thoroughly verified before incorporating one into the business workflow.

When selecting the right advisors from multiple supply chain consulting firms, businesses need to seek as much information as possible to ascertain the credibility of the firm.


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