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- Installs in less than 1 hour
- Designed for end users
- Intuitive and easy to learn
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- Works directly with the ERP data
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- No additional IT infrastructure
- Pre-packaged optimization solutions
- Immediate return on investment
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Module Overview
INSIGHT's Inventory Management module provides real-time visibility to inventory turn rates, availability, item ledger, valuation, cost method comparisons, and more. Inventory managers can combine data to easily identify cost reduction opportunities, understand inventory movement, and keep item ledger and GL records in balance.
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Improve inventory turns and material usage
Benefit: Discover and value slow moving stock to optimize inventory levels by stock type.
How: Robust functionality provides summarized inventory turnovers by category with drill down to the supporting detail.
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Better processing of sales orders, purchasing, and manufacturing
Benefit: Ensure accurate processing by ensuring appropriate stock levels and item setup.
How: Combine various inventory data into a single screen to highlight inconsistencies in your inventory operations.
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Optimize item costing
Benefit: Better understand costs by comparing multiple cost types on a single screen.
How: Analyze last-in, purchase, and standard cost to predict cost variances and take corrective action.
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Reduce delayed orders
Benefit: Identify cost and quantity variances proactively to better predict and avoid stock-outs and ensure optimal inventory usage.
How: Quickly summarize by cost type and determine the availability and valuation of inventory.
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Greater efficiencies
Benefit: Generate key metrics in real-time and monitor on a daily basis.
How: Create calculations to highlight quantity and cost variances, on-hand vs. available inventory, impact of obsolete inventory, and monthly average inventory turns.
All of this can be done in real-time, so the right people get the right information right when they need it.
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