Inventory Audit Reconciliation System
Businesses build inventory over time and if you are a company with a set of branches/stores, getting your teams to be conscious and responsible about inventory levels makes a difference between your success and failure.
Pilferage, Ageing, obsolete inventory is lost cash. Manage inventory based on seasons, locations, customer demand and recover inventory (cash) that’s unused.
De-centralized location level inventory accountability will help you
- Reduce pilferages
- Ensure optimum levels of inventory based on seasonal planning
- Recover Cash out of unwanted, close-to-expire inventories
- Optimize inventory across locations, using inventory transfers
- Identify the reasons for inventory loss, mismatch and build best practices
Inventory Audit and Reconciliation system will help you to
- Carry out periodic inventory audits across locations
- Compare physical inventory with digital inventory
- Identify mismatches and identity common solutions to save Precious capital
- Bring accountability to the local team
- Enable a unified exercise between branch team and Audit team
- MIS trend analysis on inventory improvement.
IARS is a cloud based system that will help SMBs with multiple locations to bring in structure into their inventory management and optimize inventory capital. Continuous engagement leads to deriving optimum levels, and we set processes to maintain such optimum levels.