Multi warehouse inventory management
As companies grow, businesses typically will add new locations to support their operations. However keeping track inventory among multiple warehouses can be a challenge for even the most meticulous of inventory managers, especially if their products has high inventory turnover. Cloud inventory systems with multi warehouse inventory management support make keeping track of all of your inventory items across multiple locations convenient, quick, and effortless and enables a smooth running business.
With a complete inventory management system you can accurately track the constant movement of inventory between sites, conveniently check and update stock levels in different locations, and easily coordinate inventory shipments.
Multi Warehouse Inventory Management (by location or sublocation)
Having full visibility of your inventory in each warehouse location is important for a smooth running business. Visibility of your inventory will tell you how much quantity of each item is stored at each location without wasting precious time. This allows you to streamline decision making as you can assign shipments from a location that has sufficient stock and closest proximity.
With a cloud inventory management solution, every location will have a real-time view as stock changes for being made every location. As product are being shipped from the Pittsburgh warehouse, your Reno warehouse will be immediately made aware of changes.
If you need more granular visibility within a warehouse, Finale has the ability to create sublocations to allow accurate stock counts within a subset of the warehouse. Common naming conventions for sublocations include bin locations, aisles, or pallet spaces. For example, within Finale, you would quickly know you have a total 6 pairs of jeans at the Reno warehouse with 4 pairs located in bin A1-1 and 2 located in bin D4-1.
Receive or Pick Inventory at Each Location
With multi warehouse inventory management support, you can quickly decide which warehouse will receive in a PO shipment. For sales orders, you can decide which warehouse will be use to fulfill the order. For example, business owner can decide to fulfill an order from California from the Reno warehouse and not the Pittsburgh warehouse due to proximity.
Automatic replenishment of your warehouses’ stock in different locations can help you avoid stock-outs. Set your established minimum, maximum and re-order points to establish basic min/max rules when you need to replenish. Or leverage Finale’s advanced restock forecasting capability to leverage product sales velocity data to go beyond the static min/max reordering method and set-up sophisticated dynamic reordering points to make smart replenishment decisions. Regardless of the selected method, the key is allowing Finale to automate the replenishment cycle and not requiring you to constantly perform the calculations manually.
Quickly transfer products from one location to another
With the cloud software, you can move stock inventory between different locations, and track the departure and reception of each item in real time. The multi warehouse inventory management capability make impromptu stock transfers to prevent inventory level problems, the user interface makes logging the transactions very straightforward.
Alternatively, you can leverage mobile barcode scanners to make it easy to collect data and record stock item movement in the system within the warehouses. You can breathe easy knowing that the system instantly captures inventory locations and quantities after these transactions take place and the sync the data to the cloud via WiFi.