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Inventory Management
Optimized Inventory Control
Overview
A crucial aspect of growing a successful retail business is
having control over your inventory. STORIS Inventory
Management software tracks the performance of each
piece of inventory using integrated sales data, purchase
history and supply chain information. Our comprehensive
combination of inventory tools monitors inventory activity
from purchase, through the warehouse, showroom floor,
delivery, and customer service in real time. Optimize your
inventory control to increase sales and profit.
Features
Just-in-Time Inventory Management - Establish precise on-hand
quantities by configurable product and vendor settings to determine
when to reserve merchandise based on a customer’s delivery date in order to have that
inventory available “just in time.”
First In, First Out (FIFO) - Manage age of inventory across your accounting platform to track
the cost expense by the oldest pieces of inventory.
Inventory Costing - Establish inventory valuations with average, exact, or replacement cost
methods using applicable freight and import cost calculations.
Stock Adjustments - Update quantity adjustments, product status, pricing, discounting,
transfers, write-offs, vendor chargebacks, special order details & more in a single screen.
Warehouse Inventory Management - Streamline operations using scheduling tools and
location tracking. Automate inventory flow with bin locations, racking dimensions, serial
numbers and more.
Bar Code Scanning - Integrate with Wifi, RF, and Tethered bar code scanners to streamline
receiving, physical inventory, and picking processes.
Impacts
Reduce average age of inventory, increase turn ratio, and increase available cash flow
Integrate inventory across omni-channel platforms: brick & mortar, eCommerce, and mobile
Balance on-hand inventory quantities while maintaining ideal levels to meet customer demand
Make strategic decisions with real-time quantities of on-hand, net available, as-is & purchased
Minimize shrinkage and react to control procedures by analyzing audit trail of piece movement
CONFIDENTIAL INFORMATION | STORIS, INC | 1.888.4.STORIS