INFOR CLOUDSUITE INVENTORY MANAGEMENT MODULE OVERVIEW
Real-time Inventory Visibility
Infor CloudSuite's inventory management module provides real-time visibility into inventory levels, locations, and movements. This enables you to make informed decisions about inventory replenishment, distribution, and allocation. The system integrates with your other business systems, such as your ERP and e-commerce platforms, to provide a complete and up-to-date view of your inventory. This helps you to avoid stockouts, reduce excess inventory, and ensure that you have the right products available to meet customer demand.
Multi-Location Inventory Management
The system allows you to manage inventory across multiple locations, providing you with a centralized view of your entire inventory network. This helps to ensure that inventory is distributed optimally and reduces the risk of stockouts or overstocking. The system supports multiple warehouse locations, consignment inventory, and inter-company transfers, making it easy to manage your inventory regardless of its location or ownership. With Infor CloudSuite, you can monitor inventory levels and movements in real-time, giving you complete control over your inventory.
Order Optimization
Infor CloudSuite's inventory management module includes tools to help you optimize your order processes. This includes features such as automated reordering, suggested order quantities, and the ability to set up minimum and maximum stock levels. With these tools, you can streamline your ordering process, reduce manual errors, and ensure that you always have the right inventory levels on hand. The system also supports multi-currency and multi-language ordering, making it easy to manage your inventory operations on a global scale.
Inventory Costing and Valuation
The system includes robust cost and valuation capabilities, allowing you to calculate and track the cost of your inventory. This helps you to make informed decisions about inventory investments, pricing, and overall financial performance. The system supports multiple cost methods, including standard cost, average cost, and landed cost, and provides detailed cost and valuation reports. With Infor CloudSuite, you can have confidence in your inventory data and make informed decisions about your inventory investment.
Barcode Scanning and Mobile Inventory Management
Infor CloudSuite's inventory management module supports barcode scanning and mobile device integration, enabling you to manage inventory in real-time from anywhere. This enhances the efficiency and accuracy of your inventory processes, allowing you to update inventory levels, track shipments, and manage receipts on-the-go. The system is fully customizable, allowing you to configure it to meet the unique requirements of your business. Whether you are performing physical inventory counts, managing inbound shipments, or making adjustments to inventory levels, Infor CloudSuite makes it easy to manage your inventory in real-time.
Advanced Reporting and Analytics
The system provides a range of reporting and analytics tools, giving you insights into inventory performance and trends. This helps you to identify opportunities for improvement and make data-driven decisions about inventory management. The system supports custom reporting, enabling you to create reports that meet the specific needs of your business. With Infor CloudSuite, you can track key inventory metrics, such as turnover rate, gross margin, and stock accuracy, and use this data to make informed decisions about your inventory management strategies.
