Nirmalya Inventory Management offers a comprehensive solution for businesses to gain a real-time view of their inventory across all locations and sales channels. This enables companies to manage their inventory efficiently, reduce stock levels to optimize cash flow, and prevent stockouts. By centralizing inventory data and ensuring product availability across various channels, businesses can effectively control inventory costs while meeting customer demands. The platform enables businesses to automate inventory management processes and easily track inventory in multiple locations through a unified system. Real-time visibility of inventory throughout the entire company, including warehouses, retail stores, and other locations where inventory is managed, is essential for delivering a seamless customer experience.
Enhance Efficiency
Utilize historical demand, sales forecasts, and seasonal trends; effectively plan your inventory levels for optimal stock quantity.
Enhance Profitability
Achieve greater cost-effectiveness and profitability by maintaining company-wide visibility of inventory, leading to more efficient management and reduced expenses.
Reduce Cost
Implement intelligent fulfilment strategies to minimize handling expenses and lower shipping costs, ultimately decreasing the overall cost of goods sold.
Unified
Bringing data, technology & expertise together to transform your business and make future-ready.
Connected
Integrating different varieties of data to enhance transparency, insights, and transform digitally to capitalize on data and innovate without boundaries.
Interoperable
Reliable & Resilient – your platform & partner for digital transformation without limits.
Control, Precision, and Profit
- Streamline and automate inventory movements within your organization and throughout intricate worldwide supply chains.
- Ensure precise inventory valuation by utilizing inventory accounting techniques that adhere to international financial reporting standards.
- Enhance demand forecasting accuracy and inventory strategies by effectively sensing, predicting, and influencing demand. Ensure timely availability of the correct product at the appropriate location.
- Simplify intercompany transactions involving different operating locations, as well as profit and cost centers.
- Streamline material classification and identify problematic products or handling issues within your facilities by incorporating flexible approvals and controls in your workflow.
- Evaluate replenishment needs and generate purchase or transfer orders whenever inventory levels drop below the designated minimum threshold.
- Efficiently relocate inventory within your distribution network in response to various factors such as customer demand, advanced supply planning, replenishment requirements, back-to-back supply requests, and internal users' requests.
- Harness the Mobile App's capabilities to enhance efficiency for the operations team to expedited scanning of newly arrived shipments, enabling swift processing and increasing productivity.
- Seamlessly integrate with third-party warehouse management, third-party logistics (3PL) providers, or contract manufacturers for a seamless and efficient workflow.
- Establish and customize transfer pricing rules, incorporating mark-ups, markdowns, and the ability to handle complex pricing scenarios for specific transactions.
Enhance Materials Management
Inventory plays a vital role in various aspects of your company, such as manufacturing, logistics operations, and customer service levels. To efficiently manage your inventory, we offer a comprehensive solution known as Inventory Management. It enables companies to seamlessly orchestrate transactions that encompass end-to-end physical, financial, and transactional flows across the Supply Chain Management and Manufacturing product family in various integrated business processes, including Ideate-to-Commercialize, Plan-to-Produce, Source-to-Settle, Order-to-Cash, and Maintain-to-Optimize.
- Access up-to-date information on inventory levels at both internal and external sites, including items in transit.
- Streamline and automate inventory movements within your organization and throughout intricate worldwide supply chains.
- Ensure precise inventory valuation by utilizing inventory accounting techniques that adhere to international financial reporting standards.
Optimise Inventory
Achieve revenue objectives and efficiently handle expenses and working capital by accurately calculating the necessary inventory investments across various stocking locations. This will ensure the attainment of target service levels, fulfill customer demand, and deliver utmost customer satisfaction. Harness the potential of our Inventory Management tool to analyze demand forecasts and establish optimal inventory levels and replenishment strategies for each item location. By doing so, you can prevent surplus stock or stockouts effectively. Implement consumption-based replenishment triggers, including min-max and periodic restocking, for specific locations.
- Achieve revenue growth and enhance customer satisfaction by implementing efficient inventory management techniques.
- Enhance demand forecasting accuracy and inventory strategies by effectively sensing, predicting, and influencing demand. Ensure timely availability of the correct product at the appropriate location.
- Implement consumption-based replenishment triggers, such as min-max and periodic restocking, for specific locations to cater to complex scenarios and large-scale operations.
Manage Valuation & Optimise Profitability
Perform detailed cost analysis, which includes indirect labor and overhead costs, to effectively plan inventory, evaluate work in progress, and manage profitability. Utilize multiple ledgers to cater to various regulatory and management reporting requirements. Enhance visibility into the cost structure and supply chain operations of your company. Facilitate different costing methods and representations of product costs, as well as track costs at different levels of detail. Streamline intercompany transactions among operating locations, profit centers, and cost centers. Ensure tax efficiency and accurate recording of goods flow between business units without disrupting material flows.
- Obtain comprehensive visibility into incoming transactions and accruals. Effectively handle the accounting aspects of receiving goods or services from suppliers, internal transfers, and trade transactions.
- Simplify intercompany transactions involving different operating locations, as well as profit and cost centers.
- Acquire insight into your company's cost structure and enhance visibility into supply chain operations.
Comprehensive Visibility and Control
Ensure smooth operations, companies must adeptly oversee their inventory throughout its journey, from arrival to the moment it is utilized or fulfilled in stock rooms, warehouses, and manufacturing plants. Our comprehensive solution offers a user-friendly dashboard with intuitive visuals, providing a holistic understanding of intricate materials management activities. By presenting real-time information on inventory status, stock levels, and various transactions across multiple locations, our system empowers users to delve deeper into the underlying data, identify areas that demand attention, and promptly take corrective measures within and between facilities.
- Access balances, oversee, and oversee diverse material statuses, monitor lots and serial numbers, and efficiently manage the stocking and handling of various types of materials.
- Commence material stock issues, receipts, counts, and transfers seamlessly within and between facilities using the lightweight markdown language.
- Streamline material classification and identify problematic products or handling issues within your facilities by incorporating flexible approvals and controls in your workflow.
Inventory Replenishment
Ensuring sufficient stock levels is crucial to prevent stockouts, which can result in financial losses and customer disloyalty to your business. Our Inventory Management system offers reliable Min/Max planning features that enable the replenishment of stock from various sources such as suppliers, manufacturing plants, and internal stocking locations like warehouses and distribution centers. With our system, you can define replenishment policies that establish minimum and maximum inventory levels for each location and item, ensuring optimal service levels are achieved.
- Achieve the ideal balance of stock levels to minimize your investment in inventory.
- Calculate the most appropriate inventory levels for each item-location to fulfill desired customer service levels.
- Evaluate replenishment needs and generate purchase or transfer orders whenever inventory levels drop below the designated minimum threshold.
Manage Perfect Order Fulfillment
Handle customer orders and internal transfers within your organization. It efficiently manages fulfillment operations, whether it's reserving on-hand or on-order supply, or picking goods using customizable rules. This ensures smooth material flow from warehouses to staging areas and shipping docks. By utilizing SCM, it can handle complex fulfillment scenarios such as drop shipping directly from suppliers to customers, or back-to-back fulfillment that connects inbound shipments to customer orders while preventing the use of designated items for other orders. Back-to-back fulfillment becomes especially crucial when maintaining specific schedules and meeting high customer satisfaction requirements.
- Efficiently relocate inventory within your distribution network in response to various factors such as customer demand, advanced supply planning, replenishment requirements, back-to-back supply requests, and internal users' requests.
- Streamline order fulfillment and minimize transportation expenses through accurate matching of specific orders and desired delivery timelines with carrier selection, load optimization, route planning, and other relevant variables aligned with customer expectations.
- Optimize the return process of goods to suppliers, ensuring a frictionless experience for all parties involved.
Accelerate Inbound Operations
Manage inbound operations, whether it involves receiving shipments from suppliers, outside service providers, or internal facilities. Operation team can easily scan newly arrived shipments, which automatically updates relevant source documents such as purchase orders, transfer orders, or work orders. As a result, complete visibility into inbound shipments is achieved while ensuring up-to-date inventory balances. Furthermore, our intuitive dashboards provide a comprehensive overview of inbound shipments and receiving transactions. Users can delve into the specific details of each infolet, accessing status updates and taking necessary actions on exceptions, such as late shipments or items awaiting inspection and put away at the receiving dock.
- Employ configurable controls, such as date and quantity tolerances, to uphold policies and agreements efficiently. Flexibility in receipt routings enables smooth multi-step receiving processes.
- Empower warehouse operators to seamlessly collect goods from receiving docks or inspection areas and organize them in the warehouse.
- Harness the Mobile App's capabilities to enhance efficiency for the operations team to expedited scanning of newly arrived shipments, enabling swift processing and increasing productivity.
Streamline Distribution Networks
Manage intricate supply networks encompassing numerous warehouses and distribution centers spread across various locations ranging from basic stock rooms to advanced distribution centers, might be managed in-house or through third-party providers. The complexities arising from this setup can make inventory management, material transfers between locations, and order fulfillment even more challenging. However, our Inventory Management solution serves as a central point of control by seamlessly connecting different facilities and systems. Through this integration, our system offers complete visibility and efficient management across all facilities.
- Manage intricate supply networks effortlessly by efficiently operating various warehouses and distribution centers situated across multiple locations, all the while delivering top-notch customer service.
- Streamline intricate distribution operations by establishing a central hub that connects and harmonizes separate facilities and systems, ensuring complete transparency and control across all facilities.
- Seamlessly integrate with third-party warehouse management, third-party logistics (3PL) providers, or contract manufacturers for a seamless and efficient workflow.
Accelerate Transactions
To effectively oversee the movement of goods within your organization and intricate supply networks, it is crucial to have meticulous coordination. The Supply Chain department of Inventory Management is responsible for managing intricate procedures, organizing transactional flows, and generating necessary documentation to facilitate the transfer of materials between internal sites and external suppliers. Additionally, it handles supply requests originating from various SCM platforms including Supply and Demand Planning, Manufacturing, Procurement, and Order Management. This ensures that your organization maintains an adequate supply to fulfill requests and sustain seamless operations.
- Implement the automation of financial processes for internal trade, ensuring independence from the physical transportation of goods.
- Enhance the efficiency of inter-company financial transactions arising from trade activities between different business units.
- Establish and customize transfer pricing rules, incorporating mark-ups, markdowns, and the ability to handle complex pricing scenarios for specific transactions.
Cycle Count
Nirmalya cycle count is the ultimate feature for organizations looking to boost the accuracy of their inventory management. By automating cycle counting processes, Smart Count eliminates the need for manual counts and allows for real-time tracking of inventory levels for every item. Administrators can set preferences to address any changes in on-hand quantity during the count, ensuring that inventory records remain up-to-date and reliable. With it, organizations can streamline their inventory management and minimize errors in counting processes.
- Automate the cycle counting process to save time, reduce human error, and improve decision-making for maintaining accurate stock levels.
- Enhance inventory management by minimizing errors in the counting process, resulting in more precise inventory records.
- Set preferences to immediately address any changes in on-hand quantity during the count, ensuring up-to-date and reliable inventory records.
Traceability
Traceability feature revolutionizes inventory tracking with advanced features like lot and serial number tracking. This comprehensive solution enables businesses to trace inventory movements in both directions, from acquisition to order fulfilment. Lot-numbered items facilitate precise tracking of quantity and cost, while serializing inventory allows for the selection of specific items when fulfilling orders. By leveraging these features, businesses can establish fulfilment strategies, like first expiring, first out, to minimize waste and maximize efficiency. Bin management, establishing a merchandise hierarchy, and using matrix items for attribute-based tracking further enhance traceability and simplify SKU management processes, empowering businesses to efficiently manage their inventory.
- Utilize inventory movement tracking to implement efficient fulfilment strategies such as First Expired, First Out (FEFO) to reduce waste and optimize inventory management.
- Improve traceability by implementing a merchandise hierarchy to streamline inventory tracking and enhance overall efficiency in inventory management.
- Monitor inventory quantity and cost for precise batch tracking, and use serialization to facilitate the selection of specific items during order fulfilment.
Dashboard and Analytics
Gain a competitive edge in inventory planning and management with our Dashboard and Analytics feature. By consolidating data from various sources and presenting it in a user-friendly format, businesses can access crucial insights such as user-defined KPIs, inventory counts by location, and projected stock levels. Make strategic decisions based on real-time visibility into inventory levels, sales trends, and supply chain performance to optimize your inventory levels, reordering processes, and overall fulfilment operations.
- Monitor inventory levels in real-time to promptly address fluctuations in demand and avoid stockouts or overstock situations, ultimately enhancing customer satisfaction and boosting sales.
- Utilize demand forecasting, trend identification, and inventory optimization to lower holding costs, minimize waste, and enhance inventory accuracy.
- Utilize real-time data and predictive analytics to make well-informed decisions on inventory management, leading to improved outcomes and increased profitability.
Collaboration
Enhance interdepartmental collaboration and bridge communication gaps by facilitating real-time data sharing.
Data Integration
Bring together data from multiple sources, eliminating isolated repositories and establishing a unified reliable data hub to facilitate precise decision-making.
Real-Time Insights
Achieve faster and better-informed decision-making by accessing real-time information to cater to the dynamic market demands.
Process Automation
Automate manual and repetitive tasks, freeing up time and resources for more value-added activities, improving productivity, and reducing human error.
Inventory Optimization
Utilize sophisticated inventory management to enable businesses in optimizing stock levels, monitoring replenishment, and elevating overall efficiency of the supply chain.
Customer Loyalty
Enhance customer satisfaction and loyalty by facilitating personalized and prompt customer interactions effectively.
Financial and Reporting
Provide strong financial management functionalities to support precise budgeting, forecasting, and financial analysis.
Human Capital
Enhance operational efficiency by simplifying procedures, such as payroll, attendance, and performance, while guaranteeing openness and adherence to regulations.
Business Intelligence
Leverage the power of a comprehensive dashboard and analytics platform to derive invaluable insights and facilitate informed decision-making.
Manufacturing Execution
Improve manufacturing procedures, decrease operational disruptions, mitigate human mistakes, and enhance decision-making through reliable data analytics.
Enhanced Quality
Ensure compliance with industry standards, drive continuous improvement, reduce defects, and enhance customer satisfaction by facilitating root cause analysis.
Asset Lifecycle
Oversee and regulate assets throughout their lifecycle, ranging from acquisition to disposal, streamlining maintenance processes and enhancing asset utilization.
Our implementation strategy is designed to ensure that your business operations undergo a swift and seamless transformation, resulting in faster time to value. Our experienced consultants utilize a structured approach that combines extensive industry knowledge with the latest implementation techniques. This enables you to expedite the deployment of our powerful solution and experience a rapid return on investment.
Through our streamlined process, you can optimize productivity and streamline business processes with minimal disruption. We have consolidated the expertise gained from global deployments into a set of leading practices, providing a clear path to success and delivering rapid business value.
With Nirmalya, you can confidently expect to go live within a predictable timeframe through smart, stepped implementations.
Nirmalya offers its services to companies of all sizes, including startups, fast-growing businesses, medium-sized enterprises, large corporations, and non-profit organizations. We assist these companies in streamlining their operational capabilities without the need for significant capital and operational expenditures. By eliminating the burden of maintaining an Enterprise Resource Planning system, which typically involves investments in manpower, hardware, and software, we help companies focus on their core activities.
Our collaboration with companies involves an initial setup fee for implementation, followed by an annual license fee based on the modules chosen by the customer for implementation. As businesses expand, customers have the flexibility to incorporate new modules as needed.
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