OrderWise in July 2021 – v21.7
Learn about the full power of all the latest enhancements…
Inventory management is a combination of methods that control; supply chain management, inventory control, demand forecasting, and logistics. It is usually the first step taken before warehouse management. Inventory management is a very involved process of control, including safety stock checks, economic ordering quantity, cost of goods, inventory turnover, customer-managed inventory, and vendor-managed inventory.
Inventory management can help to reduce investment in standing inventory, shipping costs and logistics. When used correctly it can efficiently save both manual labour time, costs and overall investment.
From goods in, to despatch, have comprehensive visibility of your complete inventory in real-time. Work cohesively throughout various site locations and automatically capturing detailed component specifics.
Monitor your supply chain movements and know in advance when goods are catalogued for receipt. See a full breakdown of your inventory allocations, and, in the warehouse, locate and process stock quickly.
Inventory management is not complete without guaranteeing businesses can provide items to their customers safely and within regulatory standards. Sustain a compliant inventory with software features like full serial and batch number traceability, stock discrepancy flagging, and the logging of specific variations against each item.
Save time and eliminate human error by synchronizing your inventory levels across your sales channels, all from Orderwise’s inventory management software.
Have full visibility of your stock regardless of where they are in the supply chain and save time in the event of a product recall. Benefit from improved productivity and more comprehensive cost-savings by sustaining efficient processes for ordering, managing, tracking and selling stock. All from receiving reliable and instant data.
On the ground, whether working within a single warehouse or across the whole organisation, complete tasks such as inventory transfers or adjustments quickly, and easily tick off those dreaded annual stock takes without holdups.
Perform your daily stock operations without errors and delays, as every task from fulfilment and picking, to maximising sales gains greater accuracy and productivity. You can increase your throughput without growing your costs, and allow your company to expand its reach successfully.
The key role of inventory management is to hold costs. Investment in inventory is very high, especially for those businesses that deal in manufacturing, wholesale, and retail trade. Therefore, the business needs an outlet which can control these costs.
Inventory management software is a system which is used to keep control of stock in such a way that a business is never overstocked or understocked.
Its goal is to eliminate human error, enhance the purchasing process and ensure a continuous supply of material and stock so that production never skips a beat.
With 30 years of experience in providing software solutions to businesses like yours and over 200 experts working from our purpose-built head office, you can be confident when dealing with OrderWise that our software, experience and expertise will directly benefit your business.
That’s why over 1000 customers trust and stay with OrderWise, with over 150 more joining us each year.
On the stock control side, obviously we have a lot of different ranges and products. By having everything in one place, it makes things easier as you know a product is going to be in that place, in that amount. It’s also easier for the staff putting on the orders, they can check to see how much is in stock, whether it is in stock at all, and then we can just run the OrderWise To Purchase Report to pick up what we need to buy and what we don’t.
OrderWise has improved the management of stock levels and contract production to ensure maximum possible shelf life is maintained. Many of our contract products have a 12 month shelf life and require a minimum of 11 months at the time of receipt by the customer. Batch traceability means we can control this and also enables any product falling below 6 months to be provided to customers with a fast turnover thus minimising wastage.
We’ve got much better visibility of stock now and because OrderWise is an automated system we know exactly where an order is on its journey, so that’s really helpful if customers call up to check on the progress of their order. It’s also meant better service for our customers because they now get regular updates on when their parcels have been despatched via OrderWise.
Fulfilling customer requirements accurately, efficiently and on time is high on the list of priorities for every business, with stock control at the very heart of how effectively it’s achieved. OrderWise Stock Control provides complete end-to-end stock management for your business.
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Implementing software solutions for our customers across multiple sectors
With 150+ customers joining us each year
We introduce over 600 new features and functionality improvements each year