real time stock analysis? How much stock is still available, how much stock is still in the pipeline, how much stock is needed to deliver all orders, how much stock is currently being picked or loaded? Every operation in CORAX is processed in real time, allowing you to always have insights into your inventory per customer or per license plate.
What Kinds of Information Can I Get from Stock Analysis?
The stock insights that the system provides can give you a wealth of important data to keep your business running efficiently. How much stock do you still have available? How much are you expecting? Are you able to effectively cover all the orders that customers need?
All this information is processed in realtime, so you are never lost where the state of your stock is concerned. Remember that these goods are yours, and even though the storage facility does not belong to you, you should be able to feel like you know everything and anything that concerns the items you have so heavily invested in.
The best part is you do not need to pay a visit to remain abreast of the various processes and happenings. Even information about connected operations is consistently revealed as it occurs. Of course, all the said data is well organized for readability, as there is no benefit to having unnecessary ambiguity hovering over you.
What Are the Benefits of Realtime Stock Analysis?
There are two main benefits of having this information. The first is that you remain informed on the state of your business from an incoming and outgoing stock perspective. Knowledge is power and having all the information at your fingertips gives you the power to proceed correctly.
The second benefit comes right out of the first, and that is informed decision-making. When you know what is happening, you are acutely aware of business facets in which everything is going well and those that require some form of action. The said action can be taken from an educated standpoint, which minimizes waste and improves efficiency.
If some of the items in stock are running low while others have high quantities, you would not want to reorder a large amount of everything. The information you get from the system would help you know where reorders are necessary. This is just one common example of how you can benefit from consistently current stock insights.
Is There Anything Relevant Excluded from the Analysis?
This would boil down to anything having to do with your stock and processes connected to it that comes under unnecessary information for you. From the standpoint of the WMS, the only thing you would not need to know is stock-related activities that have to do with other inventory owners that use the system. Of course, the same applies to your stock where others are concerned, as separation and security are essential.
In other words, you must know absolutely everything that concerns your stock while it resides in the warehouse. To that end, there is nothing that the WMS leaves out when it provides you with realtime data. If there is anything that you are not seeing, the chances are that it does not exist.
This system is designed to be a comprehensive one that feeds you with a host of insights, which makes you feel like you are almost always on site.
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