Inventory Management
Ensure you manage stock levels appropriate to demand. Providing the right amounts in the right place across your organisation. Plus, we can Integrate Claritum's cloud suite into your warehousing systems to connect demand to stock management for your organisation.
The most expensive material is the one that is not available when you need it – but the second most expensive is the one in stock that you don’t need.
Claritum's cloud suite mitigates the risks associated with not having enough stock, having too much stock, not being able to fulfil customer orders, poor customer satisfaction and having to implement costly emergency replenishment procedures. Claritum ensures stock levels across your organisation are accurate and minimises costs of holding stock to meet demand fluctuations.
Claritum ensures stocks are not too high, to minimise waste and to optimise the overall cost of holding stock.
Mitigate the risk of a supply disruption with Claritum:
- Create safety stock inventory.
- Manage alternate suppliers.
- Expedite orders.
- Transfer inventory from one facility to another.
Stock management and buffers
Claritum's cloud suite uses inventory management techniques - in particular, verification of quantities and condition of goods received, which is a significant step in Supply Chain digitisation for our customers in order to reduce risk and provide an audit trail.
Most of our customers had traditionally created a “buffer” of stock that had resulted in inventory levels being well above where they needed to be for 80 or 90 per cent of the time. Adopting Claritum's cloud suite allowed them to significantly reduce these buffers.
Benefits
Reduce risk and waste
Manage the procurement of specialised categories and tail spend. Avoid lock-in to single vendors
Accurate forecasting
Manage your forecasting, inventory and generate reports and dashboards to show what you are spending and with which suppliers.
Achieve cost savings
Control every penny of your complex category expenditure through our integrated online sourcing, procurement and invoicing platform.
Information at your finger tips
24×7 global visibility of every transaction
Features
- Accurate management of stock levels
- Re-order levels for stock control
- Integration to warehouse systems
- Stock visibility, reporting and dashboards
- Integration to suppliers for automated raising of purchase orders, with approval steps as needed
- You can even integrate to your suppliers warehouse systems, so you have stock visibility
