Ark Inventory

ARK Inventory Solutions – Agile Solutions for Small Medium Businesses
Understanding Supply and Demand and managing with ease. A solution that works

ARK Inventory System

What is Inventory
Management?

Inventory or stock is the goods and materials that a business holds for the ultimate goal of resale. It is generally categorised as raw materials, work in progress and finished goods. Inventory Management is a discipline or business process primarily responsible for managing, storing, moving, sorting, arranging, counting and maintaining inventory. It ensures the right inventory is available as per demand and at low costs so that the core business is kept running efficiently by optimising inventory availability.

1

Understanding the
Inventory 

Inventory or stock is the goods and materials that a business holds for the ultimate goal of resale. It is generally categorised as raw materials, work in process and finished goods. Inventory management is a discipline or business process primarily responsible for managing, storing, moving, sorting, arranging, counting, and maintaining inventory, and ensures the right inventory is available as per demand at low costs. It ensures the core business keep running efficiently by optimising the availability of inventory.

2

Incompetent
Processes

Built-on or rely-on dated software or manual processes are used for inventory management systems. This creates an extremely demanding work setting for anybody caught up in the inventory management process. One must begin with a review of current standard operating procedures and settle on where gaps may lie in the systems.

3

Client
Demand

Customers’ needs are varying daily and companies are looking to their distributors to allow for elasticity in orders. With mounting demand becoming a fulfilment struggle, it becomes more taxing to keep up with the exclusive needs of customers and to ensure they do not go to another company to meet those needs.

Benefits of ARK Inventory System

Ease of Sourcing and Making Connections

Partnering multi-tiers suppliers and managing multi-level BOMs on single platform, from point of order to fulfilment.

Higher Efficiency and Productivity in Operations

One-stop platform of purchase order, stock transfer, stock control, sales order, shipment, invoices, eCommerce, relationship management and payments.

Seamless and Direct Integration of Business Units

Open API to integrate with Point-of-sales, Procurement system, Enterprise system and Warehouse Management system.

Greater Visibility and Real-Time Data

Gain access to vital inventory information from the ground to make proactive recommendations and take swift actions. Understand inventory movement in a single view by variables at any time.

Tips for Inventory Turnover Optimisation Techniques

Increase demand for inventory through a targeted, well-designed, and cost-appropriate marketing campaign.

Review business pricing strategy and analyse what will lead to an overall increase in sales value.

Regularly review purchase prices with suppliers and ask for discounts when requesting a quote or placing orders.

Review and eliminate stagnant inventory to prevent it from occupying valuable warehouse space. 

Get a deep understanding of your best-selling products and stock inventory that sells.

Improve forecasting accuracy by grouping inventory and monitoring trends.

Encourage clients to pre-order products, enabling your business to plan inventory purchases.

Define inventory groups in a manner that will be useful to your business so you’re better placed to analyse, understand, and react to inventory that theoretically should behave in a similar manner.

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