Inventory Management

Omnitrix Inventory management systems help companies manage stocks of consumable items across a variety of environments. This can apply to a wide range of markets — from optimizing incoming materials and outgoing finished good in the manufacturing industry to managing on-shelf stocking and re-ordering in retail settings.

Unlike assets, inventory is constantly being depleted and replenished. This volatility can also make it a very intricate system to manage depending on the size and the complexity of the inventory use. The amount of raw steel at an automotive factory, the number of toys on a retail store shelf, or the amount of a particular medication at a pharmacy can vary wildly based on market conditions, seasonality, sales and promotions, or even the weather.



Benefits of Asset Tracking

Omnitrix has Asset tracking systems that help companies reduce asset auditing efforts while improving asset inventory accuracy to nearly 100%. This produces substantial savings in labor costs, unnecessary equipment losses, and subsequent duplicate purchases.

When the assets being tracked are tools or machines involved in the production of final goods for sale, the value becomes one of increased quality and improved end product, happier customers, and improvements to the bottom line.

When important documents are being tracked, losing a single file could have drastic legal or financial consequences. In this scenario, the value of a modern asset tracking system is equally important to that of quality control/assurance in manufacturing operations.



How Does Inventory Management Work?


Inventory management leverages supplier data, such as materials costs and available supply of parts, as well as customer data, like sales history, to help improve planning and forecasting for production and sales.

It helps track consumables, replenish stock, and locate items within a warehouse or a store. Typically, these systems include receiving, picking, packing, shipping, and replenishment functions. They are targeted at warehouses, distributors, retail stores, hospitals, and other organizations that buy, sell, or consume goods.