For each item, manage the minimum, maximum and current inventory levels and incoming and outgoing orders. Illustrate stock levels over a specific period based on previous inventory levels.
Previous Inventory Levels
Improve procurement planning by reviewing previous inventory levels, gaining insight into fluctuations and whether maximum or minimum thresholds were exceeded.
Prices & Units
Separate units can be utilized for each product, regarding currency, dimensions, price, reductions and packaging. Units can be automatically converted for overviews and orders.
Create packaging slips and supply lists for delivery, detailing the most efficient supply routes and preferred locations and automatically updating the amount of delivered items.
Transactions & Catalogs
Stock levels are monitored via incoming and outgoing transactions. For each transaction you’ll be able to track the data, contractor, number of items and item type. Items in a warehouse can be linked to a catalog so general product info only needs be adapted in one place.
Progress Check & Analysis
Stock transactions, stock levels and orders can be exported to other systems for further analysis.
As your organization evolves, Axxerion evolves with you
Easy to Use and Highly Configurable:
Work with your own terminology, easily remove unwanted fields or steps or add new ones when needed. Define your own business processes.
Role based logins to accommodate different types of users and contractors and their access rights.
Global Search Capability:
Easily and instantly search and find any facility information in the database.
Automatic Review and Approvals:
Easily and graphically define workflow and approval processes for any item in the system.
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Frequently Asked Questions about Inventory Management Software
Here are the most common questions asked about Inventory Management Software:
What is inventory management?
Inventory management is the process of ordering, tracking, storing and using an organization’s product inventory. This process includes managing both raw materials and finished products as well as purchasing, in-transit tracking, stock optimization, warehouse management, inventory analysis and more.
What is Inventory Management Software?
Inventory Management Software is a cloud-based platform that enables the tracking of products across an organization’s entire supply chain. The software organizes inventory data and generates insights into every aspect of an organization’s products.
With inventory management software, an organization carry out purchase orders, track inventory levels, manage multi-location warehouses, aid in delivery logistics, and prevent product overstock or outages.
Why do I need Inventory Management Software?
Inventory Management Software leads to many benefits for an organization. The accurate tracking of products will minimize wasteful spending, uncover critical trends, and lead to more informed decision-making.
Optimizing stock and order quantities leads to major cost savings. Automated tasks, streamlined approval workflows, and easy barcode scanning create more efficient operations.
Further, automatically updated inventory records means organizations can make critical decisions based on real-time data.
How can Axxerion Inventory Management Software help with stock level management?
Axxerion’s Inventory Management Software ensures that an organization is maintaining the optimal amount of stock for every item in its inventory. This is essential on many levels, especially with regards to products whose demand fluctuates based on different seasons.
For each item in an inventory, minimum and maximum inventory stock levels can be set. All incoming and outgoing orders are tracked. Once items in the inventory pass certain stock thresholds, the system can automatically order more stock or halt the purchasing process.
Does Axxerion Inventory Management Software offer stock notifications?
Yes. Set up notifications that best fit your organization’s inventory management process. For example, receive alerts when certain items are either overstocked or understocked. You can also be notified when items are purchased, in transit, delivered, moved, or returned.
Does Axxerion Inventory Management Software provide barcode scanning capabilities?
Yes, Axxerion’s Inventory Management Software has full functionality for easy barcode and QR code scanning. This way, you easily identify and track products in your inventory at all times as well as can link them to Axxerion’s centralized database.
How can Axxerion Inventory Management Software help multi-location warehouse management?
With Axxerion’s Inventory Management Software, multi-location inventory management is a breeze. You can easily manage a stock in multiple warehouses, and maintain an accurate log of the location of all your products within one single view.
Further, our system lets you automate order routing as well as streamline the purchasing and stocktaking process amongst all warehouse locations.
Axxerion Inventory Management Software help with purchase orders and supplier management?
Axxerion’s Inventory Management Software easily integrates with our purchase management tools so that you can streamline the ordering and storing process for all your products. This means you can maintain the optimized size inventory and carry out accurate ordering practices.
Quickly identify which products are in demand, and auto-reorder when they run low on stock. Orders can be generated automatically from preferred suppliers as well.
Learn more about our purchase order management offerings here.
How can Axxerion Inventory Management Software help with catalog management?
With Axxerion’s Inventory Management Software, you can easily manage catalog information on all products and services offered by your organization and outside suppliers. Items in each warehouse can be linked to a specific catalog so that you can easily access general product information from one place.
Learn more about our catalog management offerings here.
How can Axxerion Inventory Management Software help with transaction management?
Store information about each transaction made within Axxerion’s database, so that you can look up transaction data such as supplier, price, number of items and item type. Easily monitor stock levels based on automatically measured transactions, both incoming and outgoing.
For each product in your inventory, you can see which transactions have already been completed or are in the process of being completed.
How can Axxerion Inventory Management Software help with inventory reporting and analytics?
Axxerion offers powerful, configurable reports so that help inform your procurement and inventory planning. Easily review previous inventory levels over time based on filterable criteria. Analyze whether maximum and minimum thresholds were exceeded. Forecast future stock levels based on past data trends.
Data on stock transactions, levels and orders can easily exported to other systems for further analysis as well.
How can Axxerion Inventory Management Software help with location tracking and GIS services?
Axxerion’s Inventory Management Software offers GIS and GPS services so that you can know the exact location and get mapped visualizations of your products at any time. You can also track the location of your inventory in transit through these location services.
Is Axxerion Inventory Management Software mobile?
Axxerion’s Inventory Management Software is completely mobile as well as cloud-based. This means you can track your inventory processes from anywhere and at any time – whether its accessing information about another department’s inventory without needing to contact them or checking to see if it’s time to restock an item.
The collaboration that mobile accessibility creates means you can prevent bottlenecks, move work along, and ensure a better customer experience.
Does Axxerion Inventory Management Software offer integrations?
Integrate Axxerion’s Inventory Management Software with countless different technology and software platforms. For example, you can integrate your inventory management software with eCommerce stores and accounting software, so that you can control the entire inventory cycle on one platform.
View list of the types of integrations we offer here.