Inventory Management System

Importance of an
Inventory Management
System in UAE

Inventory
Management

Efficient management of inventory is crucial to the success and growth of your business in the UAE. Implementing a robust Inventory Management System can help you maintain the perfect stock balance, preventing stock-outs while avoiding the accumulation of excess goods.

Book Service Now!

Avoid over-piling of goods

Inventory: Critical to Business Success

Whether you operate in retail, food services, wholesale, eCommerce, or manufacturing, managing inventory remains pivotal across various sectors. It ensures smooth business operations, making it one of the most valuable assets for companies. Shortages can hinder business growth, while stockpiling unused inventory can become a long-term liability. In the UAE, more than 75% of shoppers encountered stock-out situations last year, resulting in a staggering loss of approximately 1.5 trillion dollars due to mismanaged inventory.

Understanding Inventory Management Systems

An Inventory Management System is a digital platform designed to streamline and automate inventory-related operations, providing real-time tracking and monitoring capabilities.

The primary goal of an Inventory Management System is to ensure that your capital is not tied up unnecessarily in inventory by maintaining optimal stock levels.

Advantages of Using an Inventory Management System

Leveraging the benefits of an Inventory Management System can significantly enhance your business operations.

Maintain Optimum Stocks

Maintain a balanced stock level to prevent both shortages and overstocking.

Organized Warehouse

Keep your warehouse clutter-free and well-organized based on product demand.

Cost Savings

Accelerate the returns on your stock investment by efficiently managing your inventory.

Increase Productivity

Streamlined inventory management frees up time for other business activities.

Better Insights

Monitor real-time stock levels and utilize accurate data for informed decision-making and business growth.

Improve Forecasting

Generate comprehensive reports using accurate data to analyze and forecast your inventory requirements effectively.

Enhanced User Experience

Enhance user experience through advanced tools and precise data analytics.

Increased Profits

Gain a better understanding of both supply and demand to increase profits.

Higher Efficiency

Plan and optimize resource utilization for improved productivity and operational efficiency.

Warehouse
Management

Enhance efficiency and streamline warehouse operations through automated tracking and data management, saving valuable time and resources for business expansion.

Units of Measure
[UoM]

Implementing Units of Measure helps in precise inventory tracking, ensuring accurate measurement and management of goods movement.

“Inventory is money, sitting around in another form”

Rhonda Adams

Drop
Shipping

Optimize business opportunities and expedite order fulfillment by adopting drop shipping, enabling direct shipment from suppliers to customers.

Favourite
Products

Pin frequently demanded products as favorites to monitor and manage them effortlessly within the system.

Landing
Costs

Factor in all additional costs associated with product sale to determine the total cost and price accordingly, enabling a clearer understanding of supply chain costs and opportunities for cost reduction.

Be Connected

Multiple
Removal Strategies

Implement various removal strategies such as FIFO, LIFO, and FEFO to ensure efficient stock rotation and management based on product expiration and demand.

Reordering
Rules

Establish reordering rules within the Inventory Management System to maintain an optimal stock balance and prevent inventory imbalances.

Be Connected

Reporting

Utilize customizable reporting features to extract and analyze precise data for informed decision-making and forecasting.

Inventory
Valuation

Accurately assess the value of your inventory by utilizing different valuation methods like standard costing, FIFO, and AVCO, ensuring a comprehensive understanding of your business’s financial health.

TEAM YOU CAN BANK UPON

Why INFINTOR?

INFINTOR offers a comprehensive Inventory Management System equipped to handle inventory across different locations in real time, facilitating seamless stock management, movement tracking, and reordering. With our tailored solutions, you can strike the perfect balance between supply and demand, ensuring optimal inventory management for businesses of all sizes, from startups to large-scale industries. Contact us today to learn more about the benefits of implementing our Inventory Management System.

Contact us to know more.

Hop on to your digital transformation journey