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Inventory Management System (IMS)
Introduction:

IMS is designed to manage the logistic operations of an organization – i.e. buying and selling of goods (spare parts, durable goods, etc.). It incorporates an advanced ordering module that predicts future demand using historical data and statistical tools. These sophisticated tools allow organizations to minimize stock holdings while maximizing revenue at the same time.

Benefits :

Using its advanced logic and formulas, IMS is guaranteed to reduce parts stock costs of your organization, while increasing parts revenue and turnover rates. IMS will decrease your inventory holding, but at the same time increase parts availability rates at the counter, hence increasing sales and increasing customer satisfaction rates, while reducing lost sales rates.

IMS will identify behavior of each item and recognize the best order quantity automatically based on several factors in the system, relieving parts managers from the impossible task of monitoring thousands of items manually.

IMS will ensure your customers are happy and their requirements are met. Even if the part is not available today, IMS will record this event and make sure that it is included in your next order. IMS will make sure the customer has got his parts at the right time!

Using IMS, you will forget about normal lengthy stock taking days. IMS will make sure that all items are counted well before the end of the year. In fact, IMS will almost count the items for you. All you need to do is to fill the numbers
Key Features :

- System designed (with help of international consultants) to minimize inventory holdings, while maximizing revenues and turnover rates

- Advanced Suggested Order Quantity (SOQ) formulas for optimal item stock levels.

- Integrated Backorder-Sales Order Processing for ensure backorder fulfillment

- Comprehensive Pricing Mechanism to cater for all business situations.

- Cycle-Counting mechanism to ensure every part is counted as least once a year.
- Batch level costing feature.
 
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