When you look at your inventory, do you see inadequate visibility, demand uncertainty and minimal communication between locations? Inventory & Materials Manager allows all staff to be aware of stock levels and ensures optimized inventory. Our intelligent solution empowers you with real-time information that helps you stock less while improving service levels – saving your organization money.

What does the Verian solution do for me?

Automate Materials Management

Have instant access to real-time inventory data including: transfers, adjustments, cycle counts and full physical inventory counts.

Automatic Replenishment

If you are keeping too much extra inventory on hand, implement just-in-time (JIT) practices that minimize carrying costs. The system determines and sets reorder points so that replenishment orders are delivered to suppliers when specified quantities are reached in the warehouse, eliminating the need to keep extra stock on hand.

EOQ Calculation and Demand Forecasting

If you need a quick and easy way to establish optimal inventory levels, use the system’s economic order quantity (EOQ) capabilities to find the order quantity that minimizes total annual inventory cost. The EOQ model factors in demand, cost of placing and receiving an order, and annual carrying cost to quickly determine the ideal order quantity.

Key benefits:

• Gain real-time visibility into all inventory
• Reduce inventory by 20%
• Identify build-up of excess or obsolete inventory
• Provide for just-in-time practices and automatic stock replenishments
• Minimize inventory carrying costs
• Maintain a full audit trail of all inventory transactions