Explaining Real-Time Inventory Management
Real-time inventory management gives you access to a 24-hour, web-based system that allows you to view your current inventory, view LTL tracking numbers, see inbound receipts, and monitor everything that is going on with your product logistically. The service provider will be responsible for ensuring that inbounds match packing lists and finding and resolving discrepancies, documenting them and informing you immediately.
Real-time inventory management provides a custom-fit solution for your business while allowing you to stay in complete control. It enables:
Real-time inventory information on inbounds, shipments and tracking- Food grade compliant software
- Lot code and production code tracking
- Remote terminals for your WMS
- Compatibility and integration with your retail website
Advantages of Real-time Inventory Management
There are numerous benefits of real-time inventory management. They include:
- Inventory reduction
- Lower holding costs
- More effective process
- Optimized manufacturing activities
- Improved accounting and profit reporting
- No breaks in the supply chain
Whatever type of business you run, it’s important that your inventory management system meets the needs of your business model. Maintaining a real-time account of your inventory will prevent stock outages, lost sales costs, and will reduce holding. It will save you time and money and improve all point of your supply chain.
At Bonded Service our expert team has been providing public warehousing for more than half a century. We offer real-time inventory management. Contact us today to find out how we can help you store your products in our safe environment and to consult with us about the support services we provide.