Real-Time Inventory Management

Gain full visibility into inventory levels, ensuring optimal stock levels and preventing stockouts with smart alerts.

1-Real-time Inventory Visibility: MRP software provides manufacturers with immediate visibility into their inventory levels in real-time. This means that at any given moment, manufacturers can see exactly how much raw materials, work-in-progress (WIP), and finished goods they have on hand. This level of visibility is crucial for efficient inventory management as it allows manufacturers to accurately assess their stock levels and make informed decisions about production planning, purchasing, and order fulfillment. With instant access to inventory data, manufacturers can avoid stockouts, minimize excess inventory, and optimize inventory turnover rates.

2-Automated Inventory Tracking: MRP software automates the process of inventory tracking, making it easier for manufacturers to monitor their inventory levels accurately. By integrating with barcode scanning systems, RFID technology, or IoT sensors, MRP software can track inventory movements in real-time as materials move through the production process or are shipped to customers. This automated tracking eliminates the need for manual data entry, reducing the risk of errors and ensuring that inventory records are always up-to-date and accurate. Manufacturers can set up alerts and notifications within the MRP software to trigger reorder points or flag discrepancies, allowing them to take timely action to replenish stock or investigate inventory discrepancies.