Inventory management using WMS software

To master your inventory management, whatever the size of your company or your sector of activity, it is imperative to use appropriate and efficient inventory management software Our EGO WMS software offers real-time inventory management, automating and adjusting your stock levels across the entire supply chain. Thanks to this automation, you can monitor the status of your inventory in real time, allowing you to make informed and rapid decisions to avoid stock-outs or overstocks.

Advantage of inventory management software

Inventory management software helps automate inventory management, thereby reducing the risk of out-of-stocks and overstocks. It optimizes storage costs and improves service rates. This type of stock manager software can also exploit modular functionalities such as purchasing management, inventories, order preparation, and much more. For example, purchasing management helps track orders from suppliers and ensure that the necessary products are always available. Inventory monitoring, for its part, allows you to regularly check the quantities of products in stock and quickly detect any anomalies.

It is thus possible to have access to dashboards, offering an overview of your company, your different products, your suppliers and your customers. These dashboards are customizable and can display key information such as current inventory levels, sales trends, and supplier performance. It is part of a perspective of reducing shortage or overstock problems through the optimization of the quantities of goods stored, ensuring in particular a considerable reduction in storage costs. By optimizing the quantities of goods stored, you can not only reduce storage costs, but also improve customer satisfaction by ensuring the availability of the products they are looking for.

Links between inventory management software and OMS

Thanks to an OMS (Order Management System) , you centralize and direct 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.

Coupled with inventory management software such as WMS , this information allows stock levels to be updated in real time across all sales channels, guaranteeing product availability.

Synchronization with a WMS

Thanks to a WMS ( Warehouse Management System ) , you have a connection to all of your sales sources (by import or interfacing with commercial management software or an ERP solution). The WMS optimizes order preparation routes thanks to picking lists taking into account the location of storage areas. It develops packaging inventory management functionalities, integrating their weight into the total weight of the package on a package label. Finally, the WMS offers complete inventory management that is quick to implement, ensuring real-time monitoring of all your stock movements, from reception to the management of package 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 zone: reserve stocks, picking stocks, quality zones, etc.
• Suitable storage equipment: shelving, shelves, racks.

2. Inventory management:

• Manual or automatic stock correction actions, quarantine management, inventories, stock reintegration, application of specific rules (DLP/DLV, dangerous 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 complete support during the deployment of your inventory management software , including personalized advice, training in the use of the software and dedicated customer support.

Storage Management: With the EGO WMS, you can manage your inventory in real time , ensuring complete visibility into your stock levels and enabling informed decision-making for replenishment. EGO's advanced features also allow the integration of additional modules for purchasing management, inventory, order preparation, and connection to ERP and accounting systems, making it a complete and versatile storage software .

20/80 Method of Inventory Management: 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 items, which generate 80% of the value or demand, are always well managed and available.