Inventory a story of three Ws – what, when and where.
What is inventory? It can have many meanings. It can be the materials to be used to manufacture products. It could be the range of finished products or a batch stored or sent to a particular place for distribution.
When is inventory? This is all about the timing of the availability of these materials. At what date will the shipment of materials arrive and will this be in time for the clients’ requirements? How long will it take to assemble the goods and for the company to come up with the finished product? What is the committed date of delivery and what may be the conditions that will prevent the company from making good on this commitment?
Finally, where. Location is just as important because it is important to know where the raw materials will come from, and where the final products have to be shipped.
All these taken together best sum up the functions of an inventory system that would allow the company to keep track of the movement of its goods for efficiency, profitability and customer satisfaction.
Traditional inventory management systems are already able to deliver these benefits. However, times are changing and a new breed of entrepreneurs have evolving needs — specifically, affordability, flexibility and mobility.
Changes in technology have given rise to new possibilities. The cloud, for instance, is a concept not previously contemplated but is now changing the way people do business. CloudTech was then established to help bring the good news to today’s business organizations. It distributes Netsuite Inventory Software that will allow them to reap the usual benefits of an inventory software but with the added feature of being available in the cloud and the software being offered as a service.
Let CloudTech show you why Netsuite Inventory System is exactly what you need. Give it a call now.