In a world where reactivity and logistical efficiency are key to sales performance, inventory management is the key to success. inventory management has become a strategic pillar for companies. Whether you’re a distributor, manufacturer or player omnichannelmastering the physical and information flows related to goods is essential to guaranteeing a high level of service, while optimizing costs. costs.
But how does inventory management? What are the key stages in this complex process? As an expert supply chain at Optimix SolutionsI’d like to offer you a structured overview of these stages, enriched by our experience in the field and our solution XFR.
Receiving goods
The first stage of the cycle consists of receiving the goods from suppliers. This process is not limited to a simple quantitative control This involves checking compliancerecording in the inventory management software and appropriate labelling, often using bar codes.
Poor reception can lead to stock-outserrors in quantity in stockor distorted valuation of final stock. To make this stage more reliable, digital tools such as the barcode or CMMS are essential. They guarantee a high level of inventory reliability and enable inventory managementfrom the moment they enter the warehouses.
Storage
Once the products have been validated, they are transported to the storage areas. The choice of shelvingrotation (FIFO, LIFO), or taking into account shelf life expiration date are determining factors. The aim is to maintain inventories at an optimal level to avoid unnecessary downtime while ensuring availability.
The storage can be costly space, personnel and equipment, and has a direct impact on cash flow. cash flow. It is therefore essential to determine a stock levels stock levels, taking into account logistics flowsdelivery times, seasonality and forecasts.
The inventory
L’physical inventorywhether annual, rotating or permanent, is designed to verify the discrepancy between theoretical data and products actually stocked. It can be used to identify anomalies such as loss, theft, data entry errors or valuation discrepancies.
Tools such as dashboardsdashboards stock sheets or inventory management make this task easier. A reliable inventory feeds stock reliability reliability indicators and supports management of inventory movements.
Movement tracking
Throughout the cycle inventory movements must be precisely monitored: receipts and issuestransfers, reservations, returns, preparations. Tracking allows you to view the available stockits location, its valueand to better manage supplies.
Good monitoring ensures stock control human error and reduces the risk of stock-outs. stock-outs. It also makes it possible toavoid breakage on critical and efficiently manage packagingand batches and spare parts.
Replenishment
This is where it all comes together: knowing how to how to order at the right time, for the right productin the right quantity. This can be based on management methods such as reorder pointpoint minimum stockor more advanced techniques such as just-in-time.
The solution Optimix XFR excels at this stage. It automatically triggers the replenishment orders based on sales forecastsaverage average stocksupplier constraints or safety stock levels. It takes into account cash flowscosts related and service service rate targetsfor supply efficient supply.
Performance monitoring
o manage logistics managementit is essential to monitor KPI is essential:
- Turnover rate
- Breakage rate
- Unit cost
- Stock required
- Inventory value
- Stock availability
- Delivery time
These indicators must be used in a dashboard structured, updated in real time. This is where a solution like XFR takes on its full meaning, by cross-referencing data from different systems (ERPWMS, CRM) to provide a global vision ofinventory status and flows.
Optimix XFR: an intelligent solution for high-performance inventory management
In this demanding context, the Optimix XFR solution is a powerful lever for transforming flow management into a competitive advantage. Integrated into the heart of supply chainXFR automates the calculation of requirements, makes forecasts more reliable and optimizes procurement thanks toartificial intelligence. It allows you to synchronize inventory levels with actual demand, avoid stock-outs stock-outs and reduce costs costs.
By capitalizing on reliable data (history, seasonality, trends, supplier constraints), XFR streamlines every stage of inventory stock management from receiving to restockingincluding inventory tracking and performance analysis. It also includes advanced features for managing different stocksview the stock quantity by finished productalert in case ofanomaly and anticipate peaks in activity. In short, XFR helps you to manage your inventory with rigor, flexibility and profitability.
Conclusion
Visit inventory management is more than just an administrative task: it’s a production process. production process cross-functional, strategic and scalable. From receipt of goods to order placementeach stage has an impact on overall overall performanceperformance profitabilityand customer satisfaction.
With a solution like XFRyou get inventory management software designed to meet today’s challenges: reducing dormant stockoptimize working capitalsecuring physical inventory and control of stock-outs. It’s not just about manage its stockbut tooptimize to turn it into an engine for growth.
