Inventory management using WMS software

To effectively manage your inventory, regardless of your company's size or industry, it's essential to use a suitable and efficient inventory management software. Our EGO WMS software offers real-time inventory management, automating and adjusting stock levels throughout the entire supply chain. This automation allows you to monitor your inventory status in real time, enabling you to make informed and rapid decisions to prevent stockouts.

Advantage of inventory management software

Inventory management software automates stock management, reducing the risk of stockouts . It optimizes storage costs and improves service levels. This type of software can also leverage modular features such as purchasing management, inventory tracking, order fulfillment, and much more. For example, purchasing management allows you to track orders with suppliers and ensure that the necessary products are always available. Inventory tracking, on the other hand, allows you to regularly check the quantities of products in stock and quickly detect any anomalies.

This allows access to dashboards that provide a comprehensive overview of your business, products, suppliers, and customers. These customizable dashboards can display key information such as current stock levels, sales trends, and supplier performance. This approach aims to reduce stockouts and overstocking by optimizing the quantity of goods stored, thereby significantly reducing storage costs. By optimizing your inventory, you can not only lower storage costs but also improve customer satisfaction by ensuring the availability of the products they need.

Links between inventory management software and OMS

Thanks to an OMS (Order Management System), you can centralize and route your orders:

• Recovery of omnichannel purchase orders (EDI flow, retail),
• Sending the tracking number to all your sales sources: marketplaces, CMS, and private sales (Shopify, Magento, Prestashop, etc.),
• Billing management.

Combined with inventory management software such as WMS, this information allows for real-time updates of stock levels across all sales channels, ensuring product availability.

Synchronization with a WMS

Thanks to a Warehouse Management System ), you have a connection to all your sales sources (via import or interfacing with business management software or an ERP solution). The WMS optimizes order preparation routes using picking lists that take into account the layout of storage areas. It develops functionalities for managing packaging inventory, integrating its weight into the total package weight on a shipping label. Finally, the WMS offers comprehensive and quick-to-implement inventory management, ensuring real-time tracking of all your stock movements, from receiving to managing returns.

Inventory management features in EGO WMS

1. Location management:

• Surveying and identification of the warehouse: area, aisle, row, module, level, and physical dimensions of the storage cells.
• Rules applied to each type of storage area: reserve stocks, picking stocks , quality areas, etc.
• Suitable storage equipment: shelving, shelves, racks.

2. Inventory management:

• Manual or automatic stock correction actions, quarantine management, inventories, stock reintegrations, application of specific rules (DLP/DLV, hazardous materials).

3. Inventory optimization:

• Calculation of item rotation and readjustment of stock levels based on movements made during a specific period.

4. Stock database:

• Detailed item sheets, creation and deletion of fixed and mobile stores, precise definition of the types of cells available in a store, logic for coding locations.

Our Consulting approach: Our approach aims to optimize inventory management in a comprehensive manner. We offer personalized support to configure the EGO solution, ensuring productivity gains and autonomy in controlling logistics flows .

Support and Training: We offer comprehensive support during the deployment of your inventory management software, including personalized advice, training on how to use the software, and dedicated customer support.

Inventory Management: With EGO WMS, you can manage your inventory in real time, ensuring complete visibility into your stock levels and enabling informed replenishment decisions. EGO's advanced features also allow for the integration of add-on modules for purchasing management, inventory control, order picking, and connection to ERP and accounting systems, making it a comprehensive and versatile warehousing solution.

20/80 Inventory Management Method: The 20/80 method , also known as the Pareto principle, is used in EGO to optimize inventory levels by focusing on the most critical items. By applying this method, you can ensure that 20% of the items, which generate 80% of the value or demand, are always well-managed and available.