Inventory management is the management of inventory and stock. As an element of supply chain management, inventory management includes aspects such as controlling and overseeing ordering inventory, storage of inventory, and controlling the amount of product for sale.
We got the tools
The powerful tools in NPA’s Solutions Suite provide you with superior inventory control, traceability and recall management to be able to optimize stocking levels, free-up working capital, provide more effective customer servicing and benefit from improved profits:
Improve Inventory Forecast Accuracy
NPA’s solution provides the tools to measure the quality of your sales forecasts and enables you to produce automatic or manual forecasts based on sales history. Additionally, you can easily identify those products that contribute the most to your business in terms of sales value, gross profit, cost of sales, quantity sold or hits.
Improve Order Fulfillment Performance
NPA enables you to minimize forecast error and manage seasonality, improving order fulfillment performance.
Improve Visibility of Current and Future Supply and Demand
NPA gives you clear visibility to the integrated effect of current and future supply and demand. This helps you to make better purchasing and production decisions and reduce excess and obsolete inventories.
Inventory Optimization Solution
Takes a holistic view of inventory levels and provides the methodology, tools and processes to ensure there is the right balancing of inventory within the supply chain to achieve desired customer service levels while minimizing total supply chain cost.