[vc_row full_width=”stretch_row” css=”.vc_custom_1644652332034{margin-top: 40px !important;}”][vc_column][ultimate_heading main_heading=”Inventory management” spacer=”icon_only” spacer_position=”bottom” icon=”icomoon-the7-font-the7-arrow-01″ icon_size=”20″ icon_color=”#df4b3d” sub_heading_margin=”margin-top:10px;margin-bottom:10px;” spacer_margin=”margin-bottom:10px;”][/ultimate_heading][vc_empty_space][vc_row_inner][vc_column_inner width=”1/3″][vc_single_image image=”605″ img_size=”full” alignment=”center” image_hovers=”false”][/vc_column_inner][vc_column_inner width=”2/3″][vc_column_text]It seems like such a simple question requiring a one-sentence answer: Count the products in your business, track their movements, and reorder them when they get low. But as with most things in life, managing inventory is a deceptively complex task that requires much more than a simple one-and-done kind of process. Managing inventory involves numerous tasks and components that all have to work in harmony on a continuing basis to produce the desired results. We support from basics to advanced methodologies for seamless process.[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row full_width=”stretch_row” css=”.vc_custom_1645298708123{margin-top: 60px !important;}”][vc_column][vc_row_inner][vc_column_inner width=”1/3″][bsf-info-box icon_type=”custom” icon_img=”id^604|url^http://ezmartpos.com/wp-content/uploads/2022/03/EASY-PRODUCT-CREATION.png|caption^null|alt^null|title^EASY-PRODUCT-CREATION|description^null” img_width=”120″ title=”Easy Product Creation” pos=”top” title_font_size=”desktop:20px;”]Bulk upload or data migrations from third parties can be done easily. All the product related setups are simple and can be replicated for various similar products.[/bsf-info-box][/vc_column_inner][vc_column_inner width=”1/3″][bsf-info-box icon_type=”custom” icon_img=”id^608|url^http://ezmartpos.com/wp-content/uploads/2022/03/STOCK-FORECAST.png|caption^null|alt^null|title^STOCK-FORECAST|description^null” img_width=”120″ title=”Stock Forecast” pos=”top” title_font_size=”desktop:20px;”]Creates safety stock parameter which make sure all the required products are available for the business.[/bsf-info-box][/vc_column_inner][vc_column_inner width=”1/3″][bsf-info-box icon_type=”custom” icon_img=”id^609|url^http://ezmartpos.com/wp-content/uploads/2022/03/STORAGE.png|caption^null|alt^null|title^STORAGE|description^null” img_width=”120″ title=”Storage” pos=”top” title_font_size=”desktop:20px;”]All the location dimensions / floor plans are considered which will make sure demand vs supply has enough room to process.[/bsf-info-box][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner width=”1/3″][bsf-info-box icon_type=”custom” icon_img=”id^607|url^http://ezmartpos.com/wp-content/uploads/2022/03/KEY-PERFORMANCE-INDICATOR.png|caption^null|alt^null|title^KEY-PERFORMANCE-INDICATOR|description^null” img_width=”120″ title=”Key performance Indicator” pos=”top” title_font_size=”desktop:20px;”]Keeps on tab with all KPI’s and allows to create custom rules to have better lookout of the inventory at all locations.[/bsf-info-box][/vc_column_inner][vc_column_inner width=”1/3″][bsf-info-box icon_type=”custom” icon_img=”id^610|url^http://ezmartpos.com/wp-content/uploads/2022/03/TRACKING.png|caption^null|alt^null|title^TRACKING|description^null” img_width=”120″ title=”Tracking” pos=”top” title_font_size=”desktop:20px;”]Inventory can be tracked at various level of supply chain, Third party notification are integrated. Providing accurate tracked helps plan product to be at right place at right time for better business results.[/bsf-info-box][/vc_column_inner][vc_column_inner width=”1/3″][bsf-info-box icon_type=”custom” icon_img=”id^603|url^http://ezmartpos.com/wp-content/uploads/2022/03/ACCOUNTING.png|caption^null|alt^null|title^ACCOUNTING|description^null” img_width=”120″ title=”Accounting” pos=”top” title_font_size=”desktop:20px;”]All the dollars related are easily managed, duties / fee / landing cost are projected which helps keep tab on the margin. Easy mapping of all account types which helps all types of payments and receivable on time.[/bsf-info-box][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row full_width=”stretch_row” css=”.vc_custom_1646760007859{padding-top: 40px !important;padding-bottom: 40px !important;background-color: #00326d !important;}”][vc_column][ultimate_heading main_heading=”key aspects” main_heading_color=”#ffffff” spacer=”icon_only” spacer_position=”bottom” icon=”icomoon-the7-font-the7-arrow-01″ icon_size=”20″ icon_color=”#df4b3c” sub_heading_margin=”margin-bottom:10px;” spacer_margin=”margin-bottom:30px;”][/ultimate_heading][vc_empty_space][vc_row_inner][vc_column_inner width=”1/3″][interactive_banner banner_title=”Types of inventory” banner_desc=”All types of inventory are accessible and have full visibility over it.” banner_image=”id^412|url^http://ezmartpos.com/wp-content/uploads/2022/02/TYPES-OF-INVENTORY.jpg|caption^null|alt^null|title^TYPES-OF-INVENTORY|description^null” banner_height=”ult-banner-block-custom-height” banner_height_val=”280″ banner_style=”style32″ heading_title_color=”#000000″ banner_bg_color=”#ffffff” banner_overlay_bg_color=”#3db2e4″ banner_title_style=”font-weight:bold;”][/vc_column_inner][vc_column_inner width=”1/3″][interactive_banner banner_title=”Forecasting” banner_desc=”Predict the stock needed to satisfy demand over an upcoming time period.” banner_image=”id^413|url^http://ezmartpos.com/wp-content/uploads/2022/02/FORECASTING.jpg|caption^null|alt^null|title^FORECASTING|description^null” banner_height=”ult-banner-block-custom-height” banner_height_val=”276″ banner_style=”style32″ heading_title_color=”#000000″ banner_bg_color=”#ffffff” banner_overlay_bg_color=”#3db2e4″ banner_title_style=”font-weight:bold;”][/vc_column_inner][vc_column_inner width=”1/3″][interactive_banner banner_title=”Purchasing” banner_desc=”Notify create purchase orders to re-order new stock.” banner_image=”id^414|url^http://ezmartpos.com/wp-content/uploads/2022/02/PURCHASING.jpg|caption^null|alt^null|title^PURCHASING|description^null” banner_height=”ult-banner-block-custom-height” banner_height_val=”276″ banner_style=”style32″ heading_title_color=”#000000″ banner_bg_color=”#ffffff” banner_overlay_bg_color=”#3db2e4″ banner_title_style=”font-weight:bold;”][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner width=”1/3″][interactive_banner banner_title=”Storage” banner_desc=”All inventory dimension and variables are captured to plan for the storage during product creation.” banner_image=”id^415|url^http://ezmartpos.com/wp-content/uploads/2022/02/STORAGE.jpg|caption^null|alt^null|title^STORAGE|description^null” banner_height=”ult-banner-block-custom-height” banner_height_val=”276″ banner_style=”style32″ heading_title_color=”#000000″ banner_bg_color=”#ffffff” banner_overlay_bg_color=”#3db2e4″ banner_title_style=”font-weight:bold;”][/vc_column_inner][vc_column_inner width=”1/3″][interactive_banner banner_title=”Analysis” banner_desc=”All metrics to make more informed decisions about your inventory as time goes on.” banner_image=”id^416|url^http://ezmartpos.com/wp-content/uploads/2022/02/ANALYSIS.jpg|caption^null|alt^null|title^ANALYSIS|description^null” banner_height=”ult-banner-block-custom-height” banner_height_val=”276″ banner_style=”style32″ heading_title_color=”#000000″ banner_bg_color=”#ffffff” banner_overlay_bg_color=”#3db2e4″ banner_title_style=”font-weight:bold;”][/vc_column_inner][vc_column_inner width=”1/3″][interactive_banner banner_title=”Techniques” banner_desc=”Quickly and efficiently book-in, put away, pick, pack and ship inventory as and when needed at your various locations.” banner_image=”id^417|url^http://ezmartpos.com/wp-content/uploads/2022/02/TECHNIQUES.jpg|caption^null|alt^null|title^TECHNIQUES|description^null” banner_height=”ult-banner-block-custom-height” banner_height_val=”276″ banner_style=”style32″ heading_title_color=”#000000″ banner_bg_color=”#ffffff” banner_overlay_bg_color=”#3db2e4″ banner_title_style=”font-weight:bold;”][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner width=”1/3″][interactive_banner banner_title=”Tracking” banner_desc=”Visibility on where exactly your inventory is, as well as additions (purchases) and subtractions (sales), to give as close to a stock counts figure as possible.” banner_image=”id^418|url^http://ezmartpos.com/wp-content/uploads/2022/02/TRACKING.jpg|caption^null|alt^null|title^TRACKING|description^null” banner_height=”ult-banner-block-custom-height” banner_height_val=”276″ banner_style=”style32″ heading_title_color=”#000000″ banner_bg_color=”#ffffff” banner_overlay_bg_color=”#3db2e4″ banner_title_style=”font-weight:bold;”][/vc_column_inner][vc_column_inner width=”1/3″][interactive_banner banner_title=”Accounting” banner_desc=”Efficient and accurate record of inventory on financial documents.” banner_image=”id^412|url^http://ezmartpos.com/wp-content/uploads/2022/02/TYPES-OF-INVENTORY.jpg|caption^null|alt^null|title^TYPES-OF-INVENTORY|description^null” banner_height=”ult-banner-block-custom-height” banner_height_val=”280″ banner_style=”style32″ heading_title_color=”#000000″ banner_bg_color=”#ffffff” banner_overlay_bg_color=”#3db2e4″ banner_title_style=”font-weight:bold;”][/vc_column_inner][vc_column_inner width=”1/3″][interactive_banner banner_title=”Tools” banner_desc=”Bulk upload and process to minimize manual entry of inventory transactions.” banner_image=”id^420|url^http://ezmartpos.com/wp-content/uploads/2022/02/SYSTEMS-TOOLS.jpg|caption^null|alt^null|title^SYSTEMS-&-TOOLS|description^null” banner_height=”ult-banner-block-custom-height” banner_height_val=”276″ banner_style=”style32″ heading_title_color=”#000000″ banner_bg_color=”#ffffff” banner_overlay_bg_color=”#3db2e4″ banner_title_style=”font-weight:bold;”][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row css=”.vc_custom_1645296439414{margin-top: 40px !important;}”][vc_column][ultimate_heading main_heading=”Key Performance Indicators” spacer=”icon_only” spacer_position=”bottom” icon=”icomoon-the7-font-the7-arrow-01″ icon_size=”20″ icon_color=”#df4b3c” sub_heading_margin=”margin-bottom:10px;” spacer_margin=”margin-bottom:10px;” margin_design_tab_text=””][/ultimate_heading][vc_row_inner][vc_column_inner width=”1/2″][bsf-info-box icon_type=”custom” icon_img=”id^396|url^http://ezmartpos.com/wp-content/uploads/2022/02/INVENTORY-TURNOVER.png|caption^null|alt^null|title^INVENTORY-TURNOVER|description^null” img_width=”200″ icon_animation=”fadeInLeft” title=”Inventory turnover” pos=”top” title_font_size=”desktop:20px;”]Inventory turnover measures the number of times a company has sold and replaced inventory over a given time period: This gives an insight into the overall efficiency of a company and its inventory management processes. The higher the inventory turnover rate, the more efficient a business is at getting through its inventory.[/bsf-info-box][/vc_column_inner][vc_column_inner width=”1/2″][bsf-info-box icon_type=”custom” icon_img=”id^398|url^http://ezmartpos.com/wp-content/uploads/2022/02/SELL-THROUGH-RATE.png|caption^null|alt^null|title^SELL-THROUGH-RATE|description^null” img_width=”200″ icon_animation=”fadeInRight” title=”Sell through rate” pos=”top” title_font_size=”desktop:20px;”]Sell through rate takes the amount of inventory a retailer receives, and compares it against what is actually sold over a given period. It’s usually expressed as a percentage: This helps analyze if your investment in a particular product is working out well. Low sell through rates indicate you either overbought or priced too high, while high sell through rates indicate you may have under bought or priced too low. It’s a great way to make decisions on future purchase quantities for a product or from a particular supplier.[/bsf-info-box][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner width=”1/2″][bsf-info-box icon_type=”custom” icon_img=”id^395|url^http://ezmartpos.com/wp-content/uploads/2022/02/DAYS-OF-INVENTORY-OUTSTANDING-DIO.png|caption^null|alt^null|title^DAYS-OF-INVENTORY-OUTSTANDING-(DIO)|description^null” img_width=”200″ icon_animation=”fadeInLeft” title=”Days of inventory outstanding (DIO)” pos=”top” title_font_size=”desktop:20px;”]Days of inventory outstanding (DIO) measures the typical number of days it takes for inventory to turn into sales. It’s hard to draw insights from just one calculation. But you should look into typical industry standards, and also keep track of whether you are trending up or down as time goes on.[/bsf-info-box][/vc_column_inner][vc_column_inner width=”1/2″][bsf-info-box icon_type=”custom” icon_img=”id^397|url^http://ezmartpos.com/wp-content/uploads/2022/02/SAFETY-STOCK-1.png|caption^null|alt^null|title^SAFETY-STOCK|description^null” img_width=”200″ icon_animation=”fadeInRight” title=”Safety stock” pos=”square_box” title_font_size=”desktop:20px;”]Safety stock is the backup stock needed to meet unexpected supply problems and/or sudden changes in demand. Bear in mind that you want to have enough safety stock to meet demand. But not so much that increased carrying costs puts a strain on cash flow.[/bsf-info-box][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row]