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You’re struggling to manage your inventory. What software can help you reduce costs and improve efficiency?

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Inventory management is a crucial aspect of any business that sells physical products. It involves tracking, ordering, storing, and delivering your goods to your customers. However, managing inventory can be challenging, especially if you rely on manual methods, outdated systems, or multiple platforms. You may face issues such as overstocking, understocking, inaccurate counts, lost sales, wasted resources, and customer dissatisfaction. That's why you need a software solution that can help you reduce costs and improve efficiency in your inventory management. In this article, we will explore some of the benefits and features of inventory management software and how it can help you optimize your after-sales process.

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Gayatri Wagh

Program Advisor| Technical Course Counsellor| Career Mentor | Ed Tech Enthusiast | Dedicated to Customer Success |
Daniel Wenzel Mendes

Diretor de Supply Chain | Suprimentos | COO I Conselheiro?Consultivo
Jonas Araujo

Supply Chain | PCP | Logística | MRP | Planejamento de Demanda | S&OP | Suprimentos

1 What is inventory management software?

Inventory management software is a tool that automates and streamlines your inventory operations. It allows you to monitor your stock levels, track your inventory movements, manage your orders, generate reports, and integrate with other systems. Inventory management software can help you avoid human errors, save time, reduce expenses, and increase productivity. It can also help you improve your customer service, loyalty, and retention by ensuring that you have the right products available at the right time and place.

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Gayatri Wagh

Program Advisor| Technical Course Counsellor| Career Mentor | Ed Tech Enthusiast | Dedicated to Customer Success |
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Inventory management software like TradeGecko, Zoho Inventory, or DEAR Systems can help streamline inventory processes, optimize stock levels, track sales, forecast demand, and manage supplier relationships, ultimately reducing costs and improving efficiency.

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Daniel Wenzel Mendes

Diretor de Supply Chain | Suprimentos | COO I Conselheiro?Consultivo
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Uma ferramenta adequada de gest?o de estoques é composta por 2 módulos fundamentais: - Gest?o de Políticas de Estoque: Define políticas de estoques e projeta níveis de estoque total esperados, levando em considera??o o tipo de demanda por SKU (repetitividade, variabilidade, relevancia) para definir a estratégia de estoques (Push vs Pull), Estoque de Seguran?a para determinado nível de servi?o, e demais parametros (Lote Econ?mico, etc) - Gest?o de Pedidos de Compra: sugere requisi??es de compras conforme Políticas de Estoque pré-estabelecidas. Executa e gere pedidos até o recebimento.

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Jonas Araujo

Supply Chain | PCP | Logística | MRP | Planejamento de Demanda | S&OP | Suprimentos
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Uma ferramenta que ajude a definir políticas de estoque e consiga trazer previsibilidade de fechamentos de estoque e níveis de servi?o para cada material, diferenciando os materiais que precisamos olhar com mais cuidado e focarmos os esfor?os nestes itens. Outro ponto importante é o qu?o amigável é a ferramenta para os usuários. Precisamos de ferramentas que sejam fáceis de usar e intuitivas, com gráficos e tabelas de rápido entendimento para agilizar as tomadas de decis?es de analistas e gestores.

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2 How can inventory management software reduce costs?

Inventory management software can provide many benefits, particularly in reducing inventory costs. These costs include purchasing, storing, handling, and transporting products. For example, the software can help you balance your inventory levels by using data analysis, demand forecasting, and reorder point calculations. Additionally, it can reduce shrinkage and spoilage by using barcode scanning, RFID tagging, batch tracking, and expiration date monitoring. Furthermore, it can reduce labor and transportation costs by using automation, optimization, and synchronization. Automation eliminates manual tasks and errors; optimization improves inventory performance and efficiency; and synchronization coordinates inventory activities across multiple channels and platforms. Ultimately, inventory management software can help you save money while ensuring that your customers have the products they need.

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Daniel Wenzel Mendes

Diretor de Supply Chain | Suprimentos | COO I Conselheiro?Consultivo
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A gest?o adequada de estoques deve levar em considera??o as seguintes frentes de redu??o de custo: - Custo de n?o atendimento da demanda por falta de estoques (perda de vendas, multas contratuais, etc) - Custo de carregamento de estoques (Custo logístico de armazenagem, custo financeiro sobre capital empregado em estoques) - Risco de obsolescência (sobras ao final do ciclo de vida do item, desperdício com vencimento de prazo de validade, custos de qualidade) Um software eficiente de gest?o de estoques deve fornecer um painel de controle efetivo para monitoramento desses riscos e um sistema de alertas adequados para tomada de a??o e mitiga??o de custos.

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3 How can inventory management software improve efficiency?

Inventory management software can help you improve your inventory efficiency, which refers to using your inventory resources to meet business goals. It can do this by providing real-time data, cloud-based storage, and dashboard reporting to improve inventory accuracy and visibility. Additionally, it can provide inventory analysis, optimization, and automation for better inventory planning and control. Finally, it can use order management, inventory allocation, and replenishment to improve responsiveness and agility. All of these features make it easier to manage your inventory and meet customer needs.

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4 What are some features of inventory management software?

Inventory management software can offer a range of features to reduce costs and improve efficiency in your inventory management. For instance, it can track inventory levels, locations, and movements using barcodes, RFID tags, serial numbers, or batch tracking. It also allows you to manage purchases, transfers, and returns with purchase orders, sales orders, invoices, or receipts. Furthermore, you can generate reports about your inventory performance with this software; such as inventory turnover, valuation, aging, or profitability. Additionally, it can integrate with other systems like accounting software or e-commerce platforms to sync your inventory data and information across different platforms and devices.

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Daniel Wenzel Mendes

Diretor de Supply Chain | Suprimentos | COO I Conselheiro?Consultivo
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Softwares para Defini??o de Políticas de Estoque podem plug-ins do ERP principal da empresa (SAP, Oracle, etc). Isso proporciona maior flexibilidade na escolha do software, aderência as necessidades da empresa e seu mercado, e baixos custos de integra??o. Softwares para Execu??o dos Pedidos de Compras (conforme políticas de estoque pré-definidas) costumam ser oferecidos como módulos padr?o dentro dos principais ERPs de mercado (por exemplo, o modulo MRP dentro do SAP). Esta op??o deve sempre ser avaliada como preferencial pois reduz custos de implanta??o e mantem um ambiente integrado dentro do ERP para todo o ciclo de “Procure to Pay” (Compra, Recebimento, Produ??o, Contas a Pagar, Inventario, Controladoria)

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5 How to choose the best inventory management software for your business?

When selecting the best inventory management software for your business, there is no one-size-fits-all solution. You must consider several factors, such as your business size and type, goals and challenges, and software requirements and expectations. The software should be able to handle the volume and complexity of your inventory operations and transactions, as well as suit the nature of your business. It should also help you achieve your objectives, align with your vision and values, meet your functional and technical needs, and deliver desired outcomes.

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6 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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You’re struggling to manage your inventory. What software can help you reduce costs and improve efficiency?

1

2

3

4

5

6

1 What is inventory management software?

2 How can inventory management software reduce costs?

3 How can inventory management software improve efficiency?

4 What are some features of inventory management software?

5 How to choose the best inventory management software for your business?

6 Here’s what else to consider

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You’re struggling to manage your inventory. What software can help you reduce costs and improve efficiency?

1

2

3

4

5

6

1 What is inventory management software?

2 How can inventory management software reduce costs?

3 How can inventory management software improve efficiency?

4 What are some features of inventory management software?

5 How to choose the best inventory management software for your business?

6 Here’s what else to consider

Aftersales

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