While some businesses have wholeheartedly embraced the powerful benefits of digital inventory management, others are clinging to outdated ERP systems. Today’s businesses must be able to quickly adapt to rapidly changing market conditions. This includes changing conditions at the local, regional and global levels. ERP systems, however, lag behind operations. Because of their manual functionality, they fail to deliver real-time inventory accounts and to account for all inventory at all nodes. The unfortunate reality is that this impacts agility. It also facilitates loss related to leakage, leads to inefficiencies, decreases the ability to quickly fill full customer orders in challenging times and more.
As a digital inventory management system, Cloud Inventory offers three effective applications to meet the robust needs of modern businesses. Specifically, its applications support tracking and management in the field, in warehouses and in manufacturing environments. A closer look at these applications reveals their true power.
Field Inventory™ Management
Older inventory tracking and management solutions fail to function properly in the field. In fact, many fail to take into account this inventory at all. Internet connectivity is often variable in field environments, and this leads to inventory management challenges. Cloud Inventory offers its Field Inventory application specifically to address these challenges and to support businesses with a real-time count of inventory across all field locations. This application is directly integrated with Salesforce, a popular CRM solution. Field workers input data directly into the system, and this is integrated in real-time with the customer relationship management platform. Such data covers inventory as well as equipment and tools through a series of serial numbers and barcodes. In addition to being an efficient tracking method, Field Inventory provides businesses with full access to counts from all locations. This supports crucial decision-making activities and agility in changing market conditions.
Manufacturing Materials™
While outdated management solutions track inventory of raw materials, the methods are sluggish. They fail to provide real-time counts, and they allow for gaps that conceal shrinkage and reduce yield. The Manufacturing Materials application from Cloud Inventory is a cloud-based system that enables real-time tracking throughout the entire facility. Because of its efficiency and thoroughness, it supports revenue optimization. It also enables businesses to more effectively complete customer deliveries on time and to reduce cycle times. These are crucial benefits that today’s businesses need in order to function competitively.
Warehouse Inventory™
Manual inventory tracking and management efforts in warehouse environments are often riddled with human errors. Cycle count variations add to the challenge. Warehouse Inventory is Cloud Inventory’s cloud-based application that is designed specifically for use in warehouse environments. Like the other solutions, this application utilizes a series of serial numbers and barcodes to support real-time tracking throughout a facility. It eliminates the need for labor to complete counts and to address count errors. More than that, by providing businesses with the ability to accurately visualize data across all sections of the pipeline, it enables businesses to quickly shift activities to respond to changing supply and demand conditions.
Cloud Inventory is a robust platform that has been engineered specifically to improve inventory management in businesses around the globe. Its three powerful applications ensure that businesses have a complete accounting of inventory at all times and across all operational nodes. In fact, it covers everything from raw materials to materials in the manufacturing process and stored goods after manufacturing. Because many businesses have already switched to a digital inventory management solution and others plan to do so in the near future, modern businesses need to consider making upgrades if they have not already done so.