Cloud Inventory is a mobile-first technology that enables the streamlining of inventory across the supply chain. It enables end-to-end visibility, reduces delays and minimizes human error. It can also monitor the location of inventory while providing authentication.
Cloud Inventory control is distinguished by its use of cloud computing and low-coding capacity of the software:
Cloud computing: Leveraging the cloud enables Cloud Inventory apps to provide mobile solutions that can be scaled up. It’s a stand-alone application, but it can also integrate with legacy ERP systems. This eliminates the need for a physical server on the site. Inventory controls and visibility are accurate, whether in the field or the warehouse.
Low-code software: The ability to reconfigure apps without relying on third parties for coding is significant. The software can be developed and created to meet a specific business need with minimal coding, and this saves on IT costs. Low-code platforms enable experts in the organization to focus on the end result instead of the coding process. The interface appears like a flowchart, and users can use drag-and-drop functions.
Benefits of Cloud Inventory
Companies benefit from the technology used by Cloud Inventory in specific ways. The mobile-first technology can be configured to address specific pain points experienced in a variety of business environments.
Key benefits include increasing productivity, ensuring compliance and optimizing inventory:
Increase productivity: Inventory flows require accurate monitoring in order to maintain the productivity levels of the supply chain. Inefficiencies in locating materials in a warehouse or lapses in communication can affect the entire productive output of the supply chain. Accuracy in the inventory data is facilitated by the use of high-res images captured on tablets, barcode scanners and automated scheduling.
Ensure compliance: Rule changes in compliance regulations can be impossible unless there is sufficient flexibility within the inventory data system. Adaptation is critical when compliance requirements increase in complexity. Human error rates affect compliance, and legacy systems are often error-prone and inflexible. Cloud Inventory’s apps can be customized to meet the compliance requirements of the moment. For example, inventory with an expiration date must be delivered on time to prevent spoiling. Cloud Inventory’s capability for lot-tracking and automated scheduling keeps perishables and pharmaceuticals from spoiling by customizing the specific compliance tasks for these items.
Optimize inventory: Inventory optimization simply means that the amount of product in stock is proportional to the expected market demand. Overstocking and understocking can both cause problems. Cloud Inventory ensures accurate counting of inventory while offering end-to-end tracking capabilities. Communication is enabled in low-connectivity environments, bottlenecks are reduced and human error is minimized.
Generate revenues: Accuracy and productivity are the best ways to prevent profit leaks. There are costs involved with mistakes, inefficient workflows and blind spots. Loss of inventory visibility, stock-outs and wasted time all contribute to lower profitability. Cloud Inventory enables businesses to track inventory on the production line, in the field, in the warehouse or during transit to the customer’s destination.
Cloud Inventory for Optimal Visibility, Control
Control, visibility and accurate tracking are challenging in the rapid pace of the supply chain. Traditional tracking systems used spreadsheets, paper and legacy methods; these are obsolete. Adjusting to new and changing conditions introduces even more need for reliable inventory tracking.
Cloud Inventory handles manufacturing materials, warehouse inventory and field inventory management:
Manufacturing materials: Companies need to increase efficiencies in daily operations while also boosting productivity rates. Cloud Inventory offers visibility and control over everything from raw materials to manufacturing workflows and finished goods.
Warehouse inventory: Warehouses are always facing stocking issues, accuracy in order fulfillment, inventory discrepancies and other issues. Cloud Inventory enables adoption within the entire warehouse; the mobile apps, scanners and lot-tracking technologies enable accuracy, communication and coordination.
Field inventory management: Environments with limited connectivity pose unique problems; Cloud Inventory’s field inventory solution assists in the location and management of various inventory lockers, tools and supplies within worksites like construction zones.
Cloud Inventory enables streamlining and the use of automation to help manufacturers locate various tools, inventory and staff. This increases precision while optimizing the movement of production lines. Adjustments can be made with the flexible software that enables low-code solutions to be developed.